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Hurricane Sandy May Whack Insurers With Twice the Damages of Irene

As the storm travels toward upstate New York, New England and Canada, other regions in the Northeast may yet feel the brunt of Sandy.

For the Northeast, SNL calculated that Liberty Mutual had the highest 2011 insurance market share, with 9.65% of direct premiums written during 2011, followed by Travelers, with a 7.08% market share; MAPFRE -- held by MAPFRE SA -- with a 6% market share; and American International Group (AIG - Get Report), with a 3.92% share. Next was Allstate, with a 3.42% Northeast market share, and Chubb (CB - Get Report), with a 3.41% share.

See TheStreet's continuing coverage of Hurricane Sandy for more on the storm's human and financial impact.

-- Written by Antoine Gara and Philip Van Doorn in New York

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