Commercial Lines

Some say one should never let a good crisis go to waste, and thats certainly the case for commercial insurers trying to convince clients big and small to upgrade their coverage and risk-management efforts in the wake of Superstorm Sandy.

The Association of British Insurers said it was too early to give figures on insured loss. A storm in Britain in 1987 storm caused 2.2 billion pounds of damage in today's terms.

The Association of British Insurers said it was too early to give figures on insured loss. A storm in Britain in 1987 storm caused 2.2 billion pounds of damage in today's terms.

On Oct. 29, 2012, Superstorm Sandy swept through New Jersey and New York City, leaving behind extensive flood damage, power outages, and displaced people. Click to see images comparing the damage from Sandy one year ago with its present state.

Validus Holdings and Allied World third quarter income was down, while CNA profit was up slightly.

Chubb Corp. reports third-quarter net income of $541 million, a 1.5 percent increase from the same time a year ago, on higher rates and better underwriting.