Five more Bermuda-based insurers and another from Switzerland have chimed in with expected catastrophe losses from Superstorm Sandy.

Three Bermuda-based insurers have announced their expected losses from Superstorm Sandy as fourth-quarter earnings announcements near.

Independent reinsurance-brokerage firm Holborn says insured losses from Superstorm Sandy could reach $30 billion. The firm also says modelers' assumptions of flood losses mistakenly paid by personal-lines insurers are exaggerated.

Independent reinsurance-brokerage firm Holborn says insured losses from Superstorm Sandy could reach $30 billion. The firm also says modelers' assumptions of flood losses mistakenly paid by personal-lines insurers are exaggerated.

The insurance industry will find itself disproportionately bearing the impact of climate change if it doesnt find a way to partner with policymakers and stakeholders.

W.R. Berkley Corp. says it expects between $40 million and $50 million in pretax losses from Superstorm Sandy.

Due in no small part to major flooding in Manhattans subway system, New York Citys Mass Transit Authority reports estimated Sandy-related losses of $5 billionof which private insurers should kick in more than $1 billion.

A new trade association, the Council for Insuring Private Clients (CIPC), has been formed to develop best practices for providing insurance solutions to the High-Net-Worth (HNW) demographic, says Richard Kerr, CEO of MarketScoutthe Dallas-based electronic insurance exchange that is a CIPC founding partner and developer.