|06:17 EDT||CB, BRO, TWGP, TRV, CRD.B, AGII, AIG, ALL, BRK.A, MKL||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.