Nationwide's CFO says he would anticipate some upward rate movement from the insurance industry in the wake of Superstorm Sandy.

"I think [companies] will step back and say, 'This is now two years in a row [that the Northeast has been hit by a storm],'" Mark Thresher, the Columbus, Ohio-based insurer's CFO, tells PC360. "They are going to think about their concentrations in this region."

Nationwide will join the industry in reassessing its exposure, he says, before it decides whether Sandy provides an opportunity for growth in the Northeast or if the storm signals a need for rate increases or a pull-back.

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