Been asking around about possible stock plays on Hurricane Sandy, and so far I do not see big bets being placed — yet. But there are ideas floating around.
(Read more: East Coast of US Braces For 'Frankenstorm')
While this seems reminiscent of Hurricane Irene, which brought a lot of rain to the East Coast in August 2011, Irene was not a hurricane when it made landfall and only dumped a modest amount of rain (about two inches) on Manhattan. It was a relatively mild event for the city, and even for insurers.
Sandy, potentially, could be more serious, particularly for insurers.