Thursday, December 20, 2012

Insurers provide Sandy loss estimates

60 million respectively from Hurricane Sandy.

Lancashire Holdings warned that its estimate accounted for potential reinsurance recoveries and reinstatement premiums, but did not presently include any benefit from industry loss warranties it had in place.

Amlin stressed that it still expected to "return healthy profits" after estimated losses from Sandy were taken into account.

The announcements came just a day after insurance market Lloyd's of London said it expected to face claims of between $2 billion and $2.5 billion (

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