Catastrophe modeler Eqecat doubled its initial estimate of insured losses from Superstorm Sandy to up to $20 billion.

The New Jersey shore will never look exactly the way residents and vacationers remember it.

Business interruption and contingent business interruption claims loom as a large issue following Superstorm Sandy, as thousands of businesses of all sizes deal with flooding, physical damage, power outages, government orders and supply chain disruptions.

Catastrophe modeling firm AIR Worldwide says Superstorm Sandy will cause between $7 billion and $15 billion in insured losses.

William R. Berkley says reserve deficiencies are driving the need for the market to increase ratesand that for some companies, the ability to take corrective actions will decrease.

Insurer OneBeacon says it expects an after-tax charge of $101 million in the third quarter related to a deal to sell its runoff business to an affiliate of Bermuda-based Armour Group Holdings.

Catastrophe modeler Eqecat says it expects Hurricane Sandy to cause up to $10 billion in losses for the insurance industry.

New York Citys demography and geography are perfect for maximum destruction during a hurricane. And it doesnt have to be a major hurricane.