Sandy woes

A sign that Sandy is not you typical catastrophe:

Chubb Corp. (CB) said it was halting share repurchases because it hasn’t been able to estimate its losses from the recent superstorm Sandy, the latest sign that insurers aren’t yet aware of the true scope of the widespread damage across the Northeast.

Also read that QBE’s loss is $350M net, which is a cute trick since I think they buy reinsurance above $200M.

Posted from WordPress for Android

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