While catastrophe modelers are still revising their insured-loss estimates for Superstorm Sandy, one thing looks certain: It will rank among the costliest U.S. hurricanes ever.
Catastrophe-modeler Eqecat says Sandy will prove to be one of the five-costliest U.S. hurricanes to date, putting insured losses between $10 billion and $20 billion. That figure would make it the third-costliest U.S. storm in history for insurers—behind only 2005's Katrina ($46.6 billion) and 1992's Andrew ($22.9 billion).
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