XL Group CEO Michael S. McGavick believes that Superstorm Sandy will not be a capital event for the insurance industry, but he does think it will change the industrys perception of risk in the Northeast.

A clear consensus exists among insurance executives and experts when it comes to the Property insurance market: Rates were on the rise before Superstorm Sandy, and theres certainly no reason the storm will stop that momentum.

Tower Group expects an after-tax net loss of between $55 million and $68 million next quarter due to Superstorm Sandy, while Fitch Ratings says insurers can easily handle the lossesand then some.

A new trade association has been formed to specifically focus on a segment of the property insurance industry that has taken off during the last several years.

Following Superstorm Sandy, one thing became clearer to Beazley: there is a need for event cancellation coverage.

AXA Art is dealing with about $40 million in losses in New York's Chelsea art district from Superstorm Sandy.

After being conveyed by an insurance executive, an insured-loss estimate of up to $25 billion from Superstorm Sandy is confirmed by catastrophe modeler RMS.

After being conveyed by an insurance executive, an insured-loss estimate of up to $25 billion from Superstorm Sandy is confirmed by catastrophe modeler RMS.