Hurricane Sandy: Potentially Up to $10 Billion in Insured Losses
Catastrophe risk modeling firm EQECAT Inc. estimates $5 billion to $10 billion in insured losses and $10 billion to $20 billion in total economic damages from Hurricane Sandy.
In a release, the firm said that the broad wind field of the storm, coupled with the unique geography of the New York City region may combine for high economic losses.