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Eqecat doubles insured loss estimates from Sandy, up to ${esc.dollar}20 bln

Source: Thomson Reuters Foundation - Thu, 1 Nov 2012 14:04 GMT
Author: Reuters
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Nov 1 (Reuters) - Disaster modeling company Eqecat now estimates that Hurricane Sandy caused up to ${esc.dollar}20 billion in insured losses and ${esc.dollar}50 billion in economic losses, the company said on Thursday.

The insured loss estimate is double what Eqecat forecast previously. The firm said subway and electrical outages will produce much more substantial losses than had been expected.

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