Sandy-Related Insured Losses Likely to Exceed $20 Billion
Fitch says total estimated losses could continue to rise, as several insurers have yet to release loss estimates.
January 8, 2013
Insured losses attributable to Superstorm Sandy will exceed $20 billion, according to an update from Fitch Ratings, and based on loss estimates from individual companies totaling $16 to $17 billion so far, or just below insured loss estimates from third-party catastrophe modelers.
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