INN will continually update this page with coverage of Superstorm Sandy and its impact on the insurance industry.
Moratorium established ahead of second storm expected to hit New York on Wednesday.
Varied estimates shouldn’t pose much of a threat to reinsurers who have enjoyed a relatively catastrophe-free 2012 thus far.
Damage estimates increase yet again as adjusters begin to assess damage; states ask insurers to treat Sandy as a tropical storm.
OCT 31: The clock is ticking, and insured losses are rising, as crews take to the most heavily damaged regions to assess infrastructure damage and reconnect power to millions.
OCT 30: AIR Worldwide’s estimate reflects physical damage to property, additional living expenses for residential claims, storm surge damage, business interruption loss and other factors.
OCT 30: Various areas of the northeast suffered uprooted trees, blown generators and crippling floods.
OCT 29: National Hurricane Center’s latest advisory indicates Hurricane Sandy will strike close to midnight; CoreLogic lists the 25 NYC area zip codes at risk of the most property damage.
OCT 29: Insurance proves to be the worst-performing industry in several markets today as Hurricane Sandy damages loom.
OCT 26: From Sunday through Wednesday, the mid-Atlantic coast could get hammered by high wind, heavy rain, extreme tides and snow.
OCT 26: Early estimates range from $1-$5 billion in damages along the U.S. east coast from what is being dubbed a "Frankenstorm."
OCT 25: Category two hurricane is expected to stalk the east coast, 250 miles offshore.
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