Lloyd's estimates £1.5bn Sandy bill

Updated
Hurricane Sandy
Hurricane Sandy

Lloyd's of London has estimated it is facing claims of up to 2.5 billion US dollars (£1.5 billion) for damage caused by Superstorm Sandy in October.


The specialist insurance market, which is made up of 88 underwriting syndicates, said the bill was "well within" the worst case scenarios that it prepares for.
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