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October 30, 2012
Early damage estimates for Hurricane Sandy are starting to emerge
- $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
12:39 // 1 year ago