Hiscox says too early for Sandy estimates

Specialist insurance group Hiscox said it is too early to produce any meaningful estimate of claims from Sandy as it posted 6.4 per cent increase in gross written premiums for the nine months to September 30th.

Specialist insurance group Hiscox said it is too early to produce any meaningful estimate of claims from Sandy as it posted 6.4 per cent increase in gross written premiums for the nine months to September 30th.

"New York City and surrounding states are not yet fully functioning as people are struggling to get back to their homes and businesses. We have not received any material notifications of claims from our insurers at this stage," the group said in a company update.

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