Estimates for Storm’s Economic Costs Now $30 to $50 Billion
Estimates for the total economic costs of Hurricane Sandy have risen to $30 to $50 billion from $10 to $20 billion, catastrophe modeling firm Eqecat said this morning in a release.
The new estimates, which were calculated after the storm landed on Monday, derive from larger-than-expected utility and electrical losses, which in turn triggered Read More
