Loss Control

Reinsurers should be able to absorb losses from Superstorm Sandy without a negative ratings impact, says Fitch Ratings. Meanwhile, Moodys Investors Service says the storm could, in a worst-case scenario, cause losses for the Combine Re catastrophe bond.

Reinsurers should be able to absorb losses from Superstorm Sandy without a negative ratings impact, says Fitch Ratings. Meanwhile, Moodys Investors Service says the storm could, in a worst-case scenario, cause losses for the Combine Re catastrophe bond.

Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the biggest ever to hit the United States.

Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the biggest ever to hit the United States.

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.

Risk Management Solutions says Sandy's impact on the East Coast is much more severe than last years Hurricane Irene. As emergency personnel, modelers and insurers assess the ultimate damage, some have connected the storm to hot topics such as federal risk-management strategies, insurers' disaster responses, and climate change.