Catastrophe modeling firm Risk Management Solutions’ insured loss estimate for Sandy would be in the range of $20 billion to $25 billion, according to a report from The Wall Street Journal.
The $20-$25 billion insured loss estimate is higher than the ones published earlier from Eqecat, whose revised loss estimate range is between $10 billion and $20 billion, and AIR Worldwide, whose loss estimate range is $7 billion to $15 billion.
At the higher end of the $20-$25 billion estimate, Sandy would rank second only to Hurricane Katrina in terms of industrywide insured losses.
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