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Bird Flu A Possible $20B Insured Loss

"Optimistic models" project that if the avian flu moves from birds to humans and causes a pandemic, it could cause $15 billion to $20 ...

By Staff Writer | Updated on March 18, 2005

“Optimistic models” project that if the avian flu moves from birds to humans and causes a pandemic, it could cause $15 billion to $20 billion in U.S. insured losses, according to a Standard and Poor’s analysis.

The New York rating services firm said that overall worldwide losses of $71.3 billion to $200 billion could result and that the heaviest impact could fall on big cities with large transit systems.

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