“Sandy is still developing but we expect this to be a serious event likely to cost the industry at least several billion dollars. However, after what has been a mild loss year this far, we view that industry balance sheets, both primary and reinsurer, are braced to absorb the punch.” –Cliff Gallant, Managing Director, Keefe Bruyette & Woods
“One of the biggest storms of our lifetimes is unfolding right now.” –Kelly Cass, anchor, The Weather Channel
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