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.
November 16, 2012
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.
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