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

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.
Comments (5)
  • DeepValueLover
    , contributor
    Comments (8389) | Send Message
     
    Great news for 2013 insurance pricing.
    1 Nov 2012, 07:30 PM Reply Like
  • themayor
    , contributor
    Comments (47) | Send Message
     
    so, this caused the market to go higher?
    1 Nov 2012, 10:48 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    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
    , contributor
    Comment (1) | Send Message
     
    Thanks for the joyous news.
    4 Nov 2012, 04:59 AM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    I find no joy in these events.
    4 Nov 2012, 09:24 AM Reply Like
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