Sandy Insured Loss Estimates Continue to Roll In

Estimates range as high as $25 billion; USAA says number of claims exceeds those from Hurricane Ike.

INN Breaking News, November 16, 2012

Chris McMahon

With the East Coast continuing to recover from superstorm Sandy, there are still wide ranges in the estimated insured losses. Risk analysis company EQECAT has estimated insured losses ranging from $10 billion to $20 billion, and total economic damages ranging from $30 billion to $50 billion. RMS estimates insured losses in the United States to range from $20 billion to $25 billion. And AIR Worldwide estimates insured losses ranging from $7 billion to $15 billion.

Get access to this article and thousands more...

All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?

Advertisement

Free Site Registration

Advertisement