Catastrophe modeler Eqecat says it expects Hurricane Sandy will cause up to $10 billion in losses for the insurance industry.
Eqecat puts total economic damages from Sandy at between $10 billion and $20 billion, with insured losses between $5 billion to $10 billion.
Tom Larsen, senior vice president at Eqecat, says the estimate includes damages to property from wind, business interruption and infrastructure.
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