|[January 28, 2013]
Best's Briefing: Superstorm Sandy Update: Minimal Ratings Impact Expected
OLDWICK, N.J. --(Business Wire)--
Insurance industry losses from Post-Tropical Cyclone Sandy now are
expected to approach $25 billion, but based on loss estimates to date,
property/casualty insurers remain resilient and hold sufficient capital
to effectively absorb these losses. According to a recently released
briefing by A.M. Best Co., the results from the storm provide a
testament to the improved risk management practices in the industry over
the past decade.
For the full, complimentary briefing, pease visit http://www3.ambest.com/bestweek/purchase.asp record_code=208701
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS
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