Filed Under:Markets, Personal Lines

Infrastructure Damage Could Drive Sandy Losses Higher Than Current Estimates

Updated: Nov. 21, 1:45 p.m. EST

A financial analyst says losses from Superstorm Sandy could be even higher than Risk Management Solutions’ $20 billion to $25 billion estimate once infrastructure losses are factored in.

Meyer Shields with Stifel Nicolaus cites damage to New York City’s transit system as a loss that could drive the ultimate total higher than current estimates.

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