Posts Tagged ‘Storms’
Insured losses from mid-Atlantic storms could top $2B: EQECAT
February 14th, 2010
Two storms struck the area, the first beginning on Feb. 5 and the second this week after, leaving some parts of the Washington metropolitan area with more than 30 inches of accumulated snow. Wind gusts of more than 50 mph were reported up and down the East Coast.
Oakland, Calif.-based EQECAT based its estimate on a preliminary assessment of the overall scale of these storms and their snow, ice and wind impacts relative to major prior events in the last two decades. EQECAT expects that the majority of the losses will be focused in the corridor from northern Virginia to the New York metropolitan area.
EQECAT said the most common sources of monetary losses are a result of roof damage, pipe breakage and ice dams in eaves causing water to leak into buildings.
Tags: Midatlantic Storms, Storms
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