The woman who created the catastrophe modeling industry estimates insured wind losses due to Superstorm Sandy will be $12 billion. 

Karen Clark, who in 2007 founded Karen Clark & Co. after starting what is now AIR Worldwide in the mid-1980s, says New York was hit by the strongest sustained winds from Sandy. Wind gusts peaked at between 70 mph and 80 mph in places like JFK Airport and Long Island, N.Y. 

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