Hurricane Sandy has prompted underwriters and catastrophe modelers to adjust their strategies to better reflect risk in the Northeast, according to a report from New Jersey-based NAPCO. "We have to re-examine how we price and treat this area," says NAPCO President Dave Pagoumian. "... The key thing is that it's clear that we are able to absorb these big events -- like superstorm Sandy -- and insurance companies can stay in business. ... It definitely had an impact, but we knew it wasn't going to be enough to change the market overnight."