In the case of an institution like the MTA

In the case of an institution like the fashionlouisvuittonoutletor the Port Authority, there is insurance in place, but it is unclear how far it will actually go. The MTA maintains a so-called captive insurer, or insurance company that it set up itself for its own needs, called First Mutual Transportation Assurance Co. A 2010 examination of First Mutual conducted by New York regulators indicated that it had about $1 billion in reinsurance lined up for property claims. But once that money runs out, someone else has to step in. "It's the same basic principles Louis Vuitton UK of insurance that would apply. For something like the MTA that has its captive ... at some point in time that's exhausted and something stands behind it or it's insolvent," said Dan Gerber, co-chairman of the global insurance group at the law firm Goldberg Segalla. Louis Vuitton UK, No Matter Louis Vuitton UK Website or Louis Vuitton UK Store,Comes the Leader of Louis Vuitton Outlet in the World. An MTA spokeswoman acknowledged on Tuesday that the authority is self-insured for its losses but declined to comment on how much of its losses insurance might pick up. Regardless of what the costs are to the MTA, Con Ed, or other authorities, there is a general consensus that the claims will not have a severe impact on the insurance industry. Most financial analysts expect that an insured loss of even $10 billion would have little effect on insurers and reinsurers, aside from http://www.fashionlouisvuittonoutlet.co.uk/ a probable hit to fourth-quarter earnings. (Reporting by Ben Berkowitz; editing by Andrew Hay and Prudence Crowther)