Hurricane Sandy to Cost $15 Billion to $20 Billion, Hiscox Says

Hurricane Sandy to Cost $15 Billion to $20 Billion, Hiscox Says

Hurricane Sandy will likely send reinsurance rates 5 percent higher while U.S. property premiums will increase a further 5 percent to 10 percent, Hiscox Ltd. CEO Bronek Masojada said. Photograph: Victor J. Blue/Bloomberg