November 26, 2012 / 4:00 PM / 5 years ago

AIR Worldwide now estimates Sandy insured losses up to $22 bln

1 Min Read

Nov 26 (Reuters) - Disaster modeling company AIR Worldwide raised its estimate of insured losses from superstorm Sandy substantially, forecasting losses from $16 billion to $22 billion.

The firm's initial estimate, the day after the storm hit, had been for $7 billion to $15 billion in losses. AIR said on Monday that higher storm surge damage accounted for most of the change.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below