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Sandy Losses Manageable for Insurance Industry

A profitable year and the potential for a stronger pricing environment has left the insurance industry in a position to absorb losses, says Morningstar's Drew Woodbury.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm joined today by Drew Woodbury; he is an insurance Analyst here at Morningstar. We're going to see what impact the devastation of Hurricane Sandy will have on insurance companies.

Drew, thanks for talking with me.

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Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.