Firms unprepared for Sandy BI losses, Willis' Texeira warns
Hurricane Sandy could cost insurers between $5bn and $10bn, according to a report in The Wall Street Journal, while Bloomberg reports that the hurricane's toll is poised to cause $20bn worth of "economic damage".
"These numbers, unfortunately, are not surprising," said Tom Teixeira, life sciences practice leader for Willis Global Markets International, in his latest post on the Willis Wire blog.
"In fact, I
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