Cost of Hurricane Sandy Compared to Other Major US Disasters

Superstorm Sandy will ultimately be known as one of the costliest economic disasters ever experienced in the U.S. An estimated $50 billion will be lost as a result of the storm, says Mark Zandi,chief economist at Moody’s Analytics. Only Katrina, 9/11 and Hurricane Andrew suffered bigger economic losses, he says. In a teleconference and webcast this […]