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October 30, 2012

12:39 • 6 months ago

Early damage estimates for Hurricane Sandy are starting to emerge

Tags: Weather History Hurricane Sandy Sandy Insurance Insured Losses Economic Losses Eqecat numbers sc 30 • Permalink

$5-10B in insured losses are expected by Eqecat, a firm used by many in the insurance industry to estimate natural disaster exposure
$10-20B in economic losses were also predicted, and the numbers are only expected to increase. Analysts don’t expect the the losses to have a serious effect on insurance companies outside of an all but guaranteed drop in quarterly earnings. source

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Be safe. everyone!
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Keynesian economists, that’s $15...$30 billion dollars
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