The Travelers Companies, Inc. released a preliminary estimate of net losses relating to Superstorm Sandy of approximately $650 million after tax and after estimated recoveries from reinsurance.

Because more small- and medium-size companies are incorporating social media into their businesses, insurance professionals believe their clients risk exposure will grow in the coming year, according to a survey released by specialty-insurer Torus.

Munich Re is now offering coverage for offshore wind energy units as part of its renewable-energy service, including corresponding cover for a North Sea wind farm.