Risk Management Solutions says storm Sandy's impact on the East Coast is much more severe than last year's Hurricane Irene, and the catastrophe modeler expects insured losses from Sandy to eclipse the $4.5 billion in losses from Irene.

Modeler Eqecat said  it expected damage from Sandy to be comparable to Irene, and released an initial insured-loss estimate of $5 billion.

And as emergency personnel, modelers and insurers move to assess the ultimate damage from Sandy, some interests have connected the storm to hot topics such as federal risk-management strategies, insurers' disaster responses, and climate change. 

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Credit Union Management