Hurricane Sandy: USA Today reveals $20 B of loss

The issue of hurricane Sandy is indeed, at the front page of almost all the newspapers in United States of America. In its edition of Tuesday October 30, the newspaper “USA Today Money” has revealed that Hurricane losses could reach $20B.

According to the newspaper which also quoted Peter Morici, an economist

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professor at the University of Maryland’s Smith School of Business, Sandy will result in $35 to $45 billion in total losses. “Eqecat, which does catastrophic risk models, projects $10 billion to $20 billion in total economic damages, about half insured”, has disclosed Peter Morici.

It is mentioned that property damage will be repaired, and lost economic output will largely be Lire la suite