Trading resumes after a two-day break for Sandy. Insurance companies may have to pick up billions of dollars in losses. Property and auto insurers such as State Farm, Allstate
and Berkshire Hathaway
could take a hit. One estimate says the industry could be on the line for up to $10 billion in damages.
Utilities face a huge bill for the clean-up and getting customers back on-line. ConEd
in New York says it suffered the worst damage in its history. There’s also PSE&G, Exelon
(NYSE:EXC), and others.
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