Hurricane Sandy struck the North Eastern coastal states in late October 2012 causing damage estimated at $63 billion of which $10-$20 billion is to be paid out by insurers for property damage. To put the scope of Sandy’s damage in perspective, Hurricane Irene caused insurers $4 billion is claims back in 2011. Ever since the flood waters receded from areas struck by Hurricane Sandy, people have been wondering if property owners nationwide will see their insurance premiums increase as a result. The short answer to that question as of January 2013 is: maybe. The reason the answer to that question remains a definite “maybe” isRead More →