30/10/12

Sandy Storm Losses Reach U.S. $ 20 billion



"images from bloomberg"


Institutions for disaster risk assessors from the United States, Eqecat Inc., estimated economic losses due to hurricanes Sandy reached U.S. $ 20 billion. Estimated would make greater losses if there's a disaster or flood subsequent landslides.

In a statement to CNN, Vice President Eqecat, Tom Larsen, said that insurance losses caused by the disaster reached U.S. $ 5 billion to U.S. $ 10 billion. According to him, the estimates based on damage on residential property (residential), commercial property (office and place of business), the production of energy.


"In addition, there are a lot of losing business due to sandy storm," he said, Tuesday, October 30, 2012.

Data from Eqecat indicate that losses caused by  Sandy storms greater than the economic impact of Irene Hurricane  in 2011, which reached U.S. $ 4.3 billion. However, this number less substantial when compared with  Katrina hurricanes that makes insurance losses at U.S. $ 45 billion in 2005. Besides ingesting considerable material losses, the storm also caused 1,800 people died.

Before Eqecat issued this forecast, the analysts at the Wall Street estimate losses due to storm Sandy reached U.S. $ 5 billion. According to them, the loss figures could still be tackled by the employer and insurer.

Analysts at Janney Montgomery Scott LLC, Larry Greenberg, said that the losses due to the Sandy storm could swell mainly because the threat of floods and tides. The water level in coastal areas could be increased significantly if a storm comes on the full moon.

Hurricane Sandy also called Frankenstorm predicted to strike states in the Mid-Atlantic to New England. In the website of the National Oceanic and Atmospheric Administration said that this storm was the biggest storm ever attack the United States.

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