Loss estimates for Hurricane Sandy are still being calculated. However, if they fall in the range of the $5 billion to $10 billion, as catastrophe modeling firm EQECAT has estimated, the storm will probably not jeopardize capital for major property and casualty insurance or reinsurance companies, said Moody’s Investors Service analysts in a teleconference call today.

The rating agency said today that although losses will affect fourth quarter earnings, most of the major insurers will be able to take on the losses associated with Hurricane Sandy.

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