AIR provides Sandy loss range of $7bn-$15bn
Cat modelling firm AIR Worldwide has published a mid-range loss estimate for Hurricane Sandy of $11bn, twice that of its rival Eqecat.
The public statement on 30 October comes after it gave private guidance to clients estimating a loss of around $10bn.
But on the same day, Eqecat reduced its initial loss estimate of $5bn-$10bn to $5bn - half the AIR loss estimate - with economic damage of $10bn.
The firm said private insurers would pick up around half the...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
