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Disruption from Sandy Doubles Eqecat Insured-Loss Estimate to Up to $20B

Catastrophe modeler Eqecat doubled its initial estimate of insured losses from Superstorm Sandy to up to $20 billion.

By Chad Hemenway | Updated on November 01, 2012

Catastrophe modeler Eqecat has updated its insured-loss estimate for Superstorm Sandy—and if the firm is correct, the storm will be known as one of the five costliest U.S. hurricanes. 

Eqecat says insured losses will total $10 billion to $20 billion, which could make Sandy the third-costliest U.S. storm ever for insurers—behind only 2005’s Katrina ($46.6 billion) and 1992’s Andrew ($22.9 billion). 

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