Filed Under:Claims, Catastrophe & Restoration

Holborn: Sandy Losses Might Reach $30B; Models Are Off

Independent reinsurance-brokerage firm Holborn says insured losses from Superstorm Sandy could reach $30 billion.

Thus far the highest insured-loss estimate for the Sandy has been up to $25 billion, issued by catastrophe modeler Risk Management Solutions. The unique storm struck the southern coast of New Jersey late Oct. 29.

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