Catastrophe modeler Eqecat has updated its insured-loss estimatefor Superstorm Sandy—and if the firm is correct, the storm will beknown as one of the five costliest U.S. hurricanes.
Eqecat says insured losses will total $10 billion to $20billion, which could make Sandy the third costliest U.S. storm everfor insurers—behind only 2005's Katrina ($46.6 billion) and 1992'sAndrew ($22.9 billion).
Any actual insured loss within Eqecat's new range would alsomake Sandy one of the Top 20 global natural catastrophes since1970.
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