Commercial Lines

Bond insurer MBIA appears to be in a fight for its life after Moodys downgraded the companys credit rating to speculative status.

While an analyst recently said infrastructure damage from Sandy could push losses above current estimates, industry experts say most infrastructure is not privately insured.

While an analyst recently said infrastructure damage from Sandy could push losses above current estimates, industry experts say most infrastructure is not privately insured.

It may be necessary to raise the National Flood Insurance Programs borrowing authority to as high as $30 billion to cover claims resulting from Superstorm Sandy, state insurance regulators fear.

It may be necessary to raise the National Flood Insurance Programs borrowing authority to as high as $30 billion to cover claims resulting from Superstorm Sandy, state insurance regulators fear.

Natural disasters often leave many Business Interruption losses in their wakeand Superstorm Sandy will be no different. Businesses that did not sustain damage or were not even closed can still be subjected to losses when companies with which they do business must suspend operations.