10 Realities of the Sandy Claims Process
2.The Industry Agrees
The damage caused by Sandy across a large portion of the most densely populated region of the country will likely make this storm the third costliest natural disaster in U.S. history. The nation’s auto, home, and business insurers have the financial strength and human resources to disburse billions of dollars in Sandy-related claims to their policyholders as quickly as possible
— Dr. Robert Hartwig, economist and president of the Insurance Information Institute, in his December 10, 2012, testimony before Congress.