Sandy: An early assessment

The storm hasn’t come ashore as I write this, but already Eqecat has an estimate: insured losses between $5B and $10B. Reading details on Aretmis, this appears to be less a modeling estimate as an estimate based on triangulation (worse than Irene hitting NYC, not as bad as Ike hitting Houston).

The upper estimate would make Hurricane Sandy one of the 10 U.S. catastrophes, in terms of insured losses, as the chart below shows:

P/C360 has also republished its coverage of a speaker at an Advisen conference earlier this year who called New York City “the most dangerous place in the world for storm surge.”

 

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