Briefing: Modeling the Effects of Superstorm Sandy
EQECAT hosted a briefing to provide insights about Superstorm Sandy that started as what many believe will be known as a top 10 hurricane. The National Hurricane Center previously reported the storm as being 1,000 miles wide. The conditions that set up Hurricane Sandy, which later became an extra-tropical system, are described as a "weather trifecta" with three weather systems coming together - spring tide, storm surge, and tidal variations.
Insured losses and economic damages are rising as the days progress. The briefing, "Modeling the Effects of Superstorm Sandy" was held to gain real-time insights, including:
- Key storm factors
- Superstorm Sandy unknowns
- Decisions behind loss estimates by EQECAT modelers
Insurers, reinsurers, financial analysts, media, and others were invited to this briefing. Attendees learned why estimation of the effects of this storm will be very difficult given complications from storm surge, high winds, and rainfall, as well as our conclusions drawn to date.