Sandy Wreaks Havoc, Economic Impact Not Yet Clear
By the time trading starts back up in New York, traders should have had time to assess how severe the damage could be from Hurricane Sandy and the stormy weather that hit the east coast this week.
EQECAT’s forecast for economic losses from Hurricane Sandy is $10-20 billion, and insured damage would be about $5 to $10 billion. Insured damage does not include what would be covered by federal flood insurance.
Check out the 10 Most Expensive Hurricanes in U.S. History