Property/casualty insurers were able to weather the estimated $20 billion to $25 billion in losses from Hurricane Sandy because of their risk management and robust capital position, says Matthew Mosher of A.M. Best. V.J. Dowling of Dowling & Partners says the storm served as a wake-up call for P/C insurers. The industry was lucky, said Julie Rochman of the Insurance Institute for Business & Home Safety, adding that improving catastrophe-loss projections should be a priority.
Published in Brief: