| 06:17 EDT |  | AGII, AIG, ALL, BRK.A, MKL, CB, BRO, TWGP, TRV, CRD.B | Sandy could be significant insurance event, says William Blair
William Blair says Hurricane Sandy has the potential to be a significant insurance event. The firm points out that Hurricane Irene produced $4B-$5B of insured losses. William Blair notes that Chubb (CB) and Travelers (TRV) have significant homeowners’ and commercial property exposures throughout the East Coast, while Allstate (ALL) is the second-largest homeowners' insurance underwriter and Tower Group (TWGP) has a relatively large East Coast property exposure. The firm lists Brown & Brown (BRO), AIG (AIG), and Crawford & Company (CRD.B) as having the most to gain from hurricane losses. |
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