Market Currents

Hurricane Sandy caused as much as $20B in insured losses and $50B in economic losses, says...

Thursday, November 1, 2012, 10:26 AM ET
Hurricane Sandy caused as much as $20B in insured losses and $50B in economic losses, says disaster-modeling firm Eqecat, more than doubling the estimate the company made 2 days ago.

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This news story has 5 comments:

DeepValueLover Comments (5137)

Great news for 2013 insurance pricing.

1 Nov 2012, 07:30 PM Reply Like

themayor Comments (25)

so, this caused the market to go higher?

1 Nov 2012, 10:48 PM Reply Like

7footMoose Comments (2242)

the US economy will slow even further in 2013 due to Sandy's impact, 60 million people in the highest income sector of the country are hunkered down for weeks if not months, insurance only covers a portion of flooding losses and the permitting process will be tedious leading to many many contractor scams, it will be a colossal mess for years

2 Nov 2012, 05:52 AM Reply Like

lifinodou Comment (1)

Thanks for the joyous news.

4 Nov 2012, 04:59 AM Reply Like

7footMoose Comments (2242)

I find no joy in these events.

4 Nov 2012, 09:24 AM Reply Like

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