Personal Lines

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.

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.

Progressive Corp. says it sustained catastrophe losses of about $55 million in October due to Superstorm Sandy, but net income for the month increased 37 percent compared to the same month last year.

Progressive Corp. says it sustained catastrophe losses of about $55 million in October due to Superstorm Sandy, but net income for the month increased 37 percent compared to the same month last year.

While one industry representative blasted states decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of political expediency that will result in higher rates, another says he believes the state officials acted within the letter of the law.

While one industry representative blasted states decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of political expediency that will result in higher rates, another says he believes the state officials acted within the letter of the law.