Insurers have the logistic and financial resources to handle Hurricane Sandy, says Robert Hartwig, president of the Insurance Information Institute.
“Catastrophe losses are down 40-50 percent through the third quarter [compared to last year],” says Hartwig. “Even with losses from Sandy, 2012 catastrophe losses will still be well below 2011.” 
The hurricane has strengthened to include winds of 85 mph and there has already been some flooding in the New York Metro area as residents await the storm's landfall this evening. At the storm's peak, 70-90 mph wind gusts are expected and up to 11-foot storm surges will result in severe flooding. The storm's enormous wind field and its predicted slow movement is expected to affect much of the Northeast and Mid-Atlantic states.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
