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Measuring the Period of Restoration in Business Interruption Claims Following Superstorm Sandy

Superstorm Sandy made landfall in New Jersey on October 29, 2012 causing severe property damage along the eastern seaboard. Forecasting companies put sophisticated catastrophe risk computer models to work estimating insurance claims. One firm, Equecat, estimated that Sandy’s impact could reach between $10 billion and $20 billion in insured losses, which would make it the third-costliest U.S. storm in history for insurers.

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Posted by Michael Childress

2012-12-11 08:40:12