Commercial Lines

Moodys Investors Service says in a new report that one positive result of Hurricane Sandy for insurance companies is that the event will likely help support price increases going into 2013.

Business interruption and contingent business interruption claims loom as a large issue following Superstorm Sandy, as thousands of businesses of all sizes deal with flooding, physical damage, power outages, government orders and supply chain disruptions.

Liberty Mutuals operating results improved and catastrophe losses have been modest, leading to 2012 third-quarter net income of $465 million, compared to a $112 million net loss in 2011s third quarter.

Liberty Mutuals operating results improved and catastrophe losses have been modest, leading to 2012 third-quarter net income of $465 million, compared to a $112 million net loss in 2011s third quarter.

Catastrophe modeling firm AIR Worldwide says Superstorm Sandy will cause between $7 billion and $15 billion in insured losses.

Hurricane Sandy is a storm with little precedent on the East Coast and is likely to trigger a significant volume of commercial-property claims, according to officials at insurance broker Willis North America.

Hurricane Sandy is a storm with little precedent on the East Coast and is likely to trigger a significant volume of commercial-property claims, according to officials at insurance broker Willis North America.

While it is too early to give insured-loss estimates for storm Sandy, Risk Management Solutions says the impact on the East Coast appears much more severe than 2011's Hurricane Irene. Following are images of the damage left behind by the storm.