Filed Under:Agent Broker, E&S/Specialty Business

Disruption from Sandy Doubles Eqecat Insured-Loss Estimate to Up to $20B

Along Father Capodanno Blvd., Staten Island, N.Y. Photo credit: (Mark Ruquet, PC360)
Along Father Capodanno Blvd., Staten Island, N.Y. Photo credit: (Mark Ruquet, PC360)

Catastrophe modeler Eqecat has updated its insured-loss estimate for Superstorm Sandy—and if the firm is correct, the storm will be known as one of the five costliest U.S. hurricanes. 

Eqecat says insured losses will total $10 billion to $20 billion, which could make Sandy the third-costliest U.S. storm ever for insurers—behind only 2005’s Katrina ($46.6 billion) and 1992’s Andrew ($22.9 billion). 

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