National Underwriter - December 3, 2012

National Under writer

Allstate's Catastrophe Losses
for October Top $1B
The insurance giant expects $1.08 billion
in pretax catastrophe losses, mostly from
Superstorm Sandy, for the month of
October. Swiss Re, meanwhile, says Sandy
could cause the company $900 million in
pretax cat losses. E Page 6

Sandy to Spoil Rate Climate for Buyers as Renewals Approach The U.S. property-practice leader of broker Marsh says Superstorm Sandy will likely drive rate increases as the Jan. 1 renewal season approaches. E Page 6

Survey: professional Liability
Rates Will Rise in 2013
The majority of industry professionals re-
cently polled by specialty-insurer Torus say
they expect professional and management
liability rates to increase up to 10 percent
next year—and 19 percent say those rates
will climb even higher. E Page 7

Classic-Car Owners Face Heartbreak Over Sandy Losses As collector-auto claims continue to mount, specialty insurers make personal calls, work with repair shops and help scour parts networks to help do right by policyholders looking to restore their “babies” to former glory. E Page 8