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Too many important variables remain unknown to be able to come up with a reliable estimate of insured losses from Superstorm Sandy, says catastrophe modeler Risk Management Solutions.

With claims rolling in from the superstorm, insurers must differentiate between wind and water damage to ensure sound coverage decisions.

Catastrophe modeling firm AIR Worldwide says Superstorm Sandy will cause between $7 billion and $15 billion in insured losses.

Catastrophe modeler Eqecat says it expects Hurricane Sandy to cause up to $10 billion in losses for the insurance industry.

Hurricane Sandy is likely to wipe out the fourth quarter earnings of Chubb, Allstate and Arch Capital Group says a Credit Suisse analysts.

State Farms claims-handling following 2008s Hurricane Ike is being investigated by authorities inTexas, and at least one legislator is asking the state insurance department to look into the matter as well.

State Farms claims-handling following 2008s Hurricane Ike is being investigated by authorities inTexas, and at least one legislator is asking the state insurance department to look into the matter as well.

The ninth named storm of this years hurricane season has reached hurricane status, with reports now indicating a high risk of flood surge as it approaches the Gulf Coast.