While a rating agency analyst contends that good risk management is protecting insurers as they face a new normal level of catastrophe losses, other experts believe luck is playing a bigger role than skill.

Executive Summary

Did the insurance industry dodge a bullet from Superstorm Sandy? Will government orders to waive hurricane deductibles prompt some carriers to exit the Northeast market? Experts debated the questions at a recent industry conference.

Speaking at the Property/Casualty Insurance Joint Industry Forum earlier this month, Matthew Mosher, senior vice president and chief ratings officer for A.M. Best in Oldwick, N.J. said the strong capital position of the industry prior to Superstorm Sandy was not the only factor helping the industry to withstand losses from the event now estimated to be in the $20-$25 billion range by catastrophe modeling firms.

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