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Hurricane Sandy is still wreaking havoc over the Eastern Seaboard, but that's not stopped...

Hurricane Sandy is still wreaking havoc over the Eastern Seaboard, but that's not stopped insurance experts from estimating how much it will cost. AIG (AIG) CEO Robert Benmosche says, "It will be Irene, plus or minus something," for his company, so a few hundred million. Disaster-research firm Kinetic Analysis and Eqecat estimate total economic damage of around $20B, including $5B-$10B of insured losses.
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Comments (3)
  • dividend_growth
    , contributor
    Comments (2899) | Send Message
     
    It seems AIG has done its homework. A loss in the neighborhood of Irene would be hugely positive for the company.
    30 Oct 2012, 03:53 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (9763) | Send Message
     
    This actually will work out well because prices will rise next year and profits will be fatter.
    30 Oct 2012, 07:55 AM Reply Like
  • jerryu44
    , contributor
    Comments (111) | Send Message
     
    DVL what other deep value stocks do you like?
    1 Nov 2012, 12:15 PM Reply Like
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