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.
INN Breaking News, 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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