NEW YORK (AP) — Property and casualty insurer Chubb Corp. on Thursday suspended its stock buyback program, because it has not yet been able to determine what its total costs related to Superstorm Sandy will be.

The Warren, N.J.-based company is considered to be one of the insurers most likely to suffer losses from Sandy. It said in a regulatory filing that given the short amount of time that has passed since the storm and the widespread nature of its destruction, it cannot yet determine its losses.

Recommended Stories

Report: MTA not hardening infrastructure to climate change

Harry Reid claims Hurricane Katrina was “nothing in comparison” to Superstorm Sandy

The AM for Every Vehicle Act is a public safety necessity