Reuters: U.S.: Eqecat sees Sandy insured losses up to $20 billion in U.S.

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Eqecat sees Sandy insured losses up to $20 billion in U.S. Nov 1st 2012, 14:21 Thu Nov 1, 2012 10:07am EDT (Reuters) - Disaster modeling company Eqecat now estimates that Hurricane Sandy caused up to $20 billion in insured losses and $50 billion in economic losses, the company said on Thursday. The insured loss estimate is double what Eqecat forecast previously. The firm said subway and electrical outages will produce much more substantial losses than had been expected. (Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)

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