The economic toll from the vast storm Sandy on the U.S. East Coast is expected to be massive, with billions of dollars in damages. One catastrophe assessment company, Eceqat, predicted the toll could hit $20 billion, with perhaps half of that amount covered by insurance. Sandy spawned widespread flooding and wind damage — especially in […]
Hurricane Sandy’s Damage Could Hit $20 Billion
Posted October 29th, 2012 at 2:45 pm (UTC-5)
Natural disaster analysts are estimating Hurricane Sandy could cause $20 billion in economic damage after it barrels ashore along the U.S. East Coast – the most densely populated and heavily developed region in the United States. The catastrophe-risk modeling firm Eqecat issued the damage estimate Monday, hours before the center of the storm was expected […]
