|By Gallagher, Patrick|
Hurricane Sandy accounted for nearly one-third of all worldwide disaster losses in 2012 and 57 percent of all insured losses, according to a new report.
The so-called superstorm caused an estimated
In comparison, Irene, which began as a hurricane and was downgraded to a tropical storm by the time it reached the Northeast, caused about
Despite the destruction wrought by Sandy, worldwide disaster losses were significantly lower in 2012 than the previous year.
In 2011, natural catastrophes were blamed for total losses and insured losses of roughly
This past year, worldwide disaster-related losses were estimated at
Among area insurance providers,
About 60 percent of the company's losses are in The
After accounting for taxes and estimated recoveries from reinsurance, Travelers estimated losses of about
Both Travelers and The
"It would certainly be possible to protect (areas) like
Slowly but surely, disaster aid is en route to
However, Malloy was critical of the delays in
"House Republican leadership missed a real opportunity to accelerate recovery and mitigate future damage when the 112th
|Copyright:||(c) 2013 Westfair Communications|
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