Hiscox: Superstorm Sandy cost estimated 90m pounds in claims
International specialist insurer Hiscox has today announced an estimate for the impact of Superstorm Sandy.
International specialist insurer Hiscox has today announced an estimate for the impact of Superstorm Sandy.
Although considerable uncertainties still exist around the impact of Superstorm Sandy, the insurer said that based on an insured market loss of $20bn, it estimates net claims of approximately £90m.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Twice a year Hiscox publishes its expected losses for modelled catastrophes including exposure to US windstorm.
The insurer stated that the estimate was within the published range, and was within Hiscox's overall budgeted loss expectations for the year.
MF
-
The UK areas which saw biggest jump in asking prices in 2025 – is yours on the list?We look at the UK areas where asking prices rose the most last year.
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
