Blackout No Mega-Cat: Experts
The massive blackout of Aug. 14–the biggest in U.S. history thatknocked out electrical power in much of the Eastern United Statesand parts of Canadawont significantly impact U.S. insurers,according to industry watchers.
To be sure, the insurance industry is bound to see some losses,since the power outage affected areas that included roughly 50million residents. And a recent estimate by Brattle Group, aCambridge, Mass.-based research firm, put the overall economic lossfrom the blackout at around $6 billion nationwide, includingbusiness income losses as well as lost goods and services.
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