The U.S. disaster fund likely will run out of money by early spring because of costs from Superstorm Sandy, the head of the Federal Emergency Management Agency (FEMA) said on Tuesday. FEMA’s Disaster Relief Fund has about $4.88 billion but …
From New York City’s Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over delayed relief and a rising death toll. …
Catastrophe risk modeling firm Eqecat doubled its insured loss estimate range for Sandy, to $10 billion to $20 billion, with the total economic damage range now in $30 billion to $50 billion. Equcat’s previous estimate — published on Monday, Oct. …
Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss estimate includes wind and storm surge …
