US storm damage could hit $50 bn: Eqecat

US storm damage could hit $50 bn: Eqecat

Damage from the mega-storm that blasted the US East Coast could hit $50 billion, disaster estimator Eqecat said Tuesday.

The company put total economic damage from the deadly storm in the range of $30-50 billion, and insured damages at $10-20 billion, double its earlier estimate.

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