Guy Carpenter has published a new briefing: Superstorm Sandy: Initial Impacts and Implications
As documented by the National Hurricane Center (NHC), Superstorm Sandy made landfall as a post-tropical cyclone at 8PM EDT, Monday Oct 29, 2012, with maximum sustained winds of 80 miles per hour.
Frequently, major events in our industry display unique characteristics that lead to further examination of how insurance and reinsurance coverage responds in unanticipated circumstances. Sandy displayed several unique characteristics, highlighting areas that will likely take months to fully sort through. Outlined below is a review of the components of the event and issues that have begun to arise in part due to the unique nature of Sandy.