NU Online News Service, Jan.15, 10:26 a.m. EST
Revising its estimate upward, Eqecat catastrophe modeling firm said it now estimates economic damage from Tuesday's earthquake in Haiti to be in the low-single-digit billions of dollars.
The firm initially estimated that hundreds of millions of dollars might be involved. The Oakland, Calif.-based firm said it was increasing the figure "in light of the considerable humanitarian aid needed for recovery, in addition to the cost of reconstruction."
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