Commercial Lines

A financial analyst says losses from Superstorm Sandy could be even higher than Risk Management Solutions $20 billion to $25 billion estimate once infrastructure losses are factored in.

In the interest of learning from regular Joe insureds across America their thoughts and opinions on the insurance experience, NU asked a sample of carrier customersour friends and familiesabout the decisions that factor into their purchase decision. Here are their responses.

After being conveyed by an insurance executive, an insured-loss estimate of up to $25 billion from Superstorm Sandy is confirmed by catastrophe modeler RMS.

The National Flood Insurance Program is likely to run out of money to pay Superstorm Sandy claims, meaning it will probably need Congress to authorize a loan, a FEMA official says.

A survey of Sandy's hardest-hit areas reveals a high frequency of low-severity direct wind damage will add up to about $12 billion in wind losses.

Agent and broker employment in September experienced an expected decline, but the size of the drop was unusual, according to Insurance Information Institute President Robert Hartwig.