Sandy's Affect on Insurance Rates

Hurricane Sandy will have an tremendous impact on the U.S. insurance market place, especially for Homeowners insurance. The market conditions were not great before and now with damage estimates between 5 - 10 billion Sandy will certainly have a negative affect on the insurance market.

Some companies will fair better than others but small to mid-size companies who had a large presence in the Northeast will be hit very hard. Erie insurance is one company who has a large presence in the Northeast but over all is a small company. Time will tell the direct impact Sandy has on the insurance company's bottom line.

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