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

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

Any actual insured loss within Eqecat's new rangewould make Sandy one of the Top 20 global naturalcatastrophes since 1970.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
Personal Lines
E&S/Specialty