National
Under writer
From wine to coins to figurines,
clients need specialty cover for
many of their prized possessions
Page 14
TOP STORIES OF THE WEEK
RMS: Sandy Insured Losses
Could Reach $25B
After taking its time to consider the many
variables it said would prevent a quick
assessment, catastrophe modeler Risk
Management Solutions issues a $20 billion
to $25 billion estimate of insured losses due
to Superstorm Sandy. E Page 6
oppoRTUNITy
The craft brewery industry serves
up a barrelful of business for
producers to tap into See page 12
Risk Transfer May Not Be
Answer to WC Rate Increases
While alternative risk-transfer mechanisms
may help in managing Workers’ Comp
programs, close analysis needs to be made
before venturing into this increasingly
difficult market, says Marsh. E Page 7
S&p: Sandy Won’t Erode
Reinsurers' Capital Base
Industry losses from Sandy would need
to reach $50 billion in order to materially
erode reinsurers’ capital base, according to
an analysis by Standard & Poor’s. E Page 8
‘Minor’ Low-Level Wind
Damage Adds Up
Sandy's mammoth 500-mile span of
sustained winds of at least 40 mph caused a
good deal of low-severity direct wind
damage, says Karen Clark & Co.—enough
for the firm to estimate insured wind losses
at around $12 billion. E Page 8
10 AppS FoR
RISK MANAgERS
These smartphone tools help with
everything from charting business
threats to calculating deductibles
Page 20
