NU Online News Service, Feb.17, 11:15 a.m. EST
Economists at the Inter-American Development Bank estimated that the cost of rebuilding Haiti could reach $14 billion--a figure far above early numbers provided by catastrophe modeling firms.
Their estimate would make the Jan. 12 earthquake proportionately the most destructive natural disaster of modern times. Because the property and casualty market in the country is so small, insurance losses are expected to be just under $20 million.
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