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The recent north east storm is a typical March Storm- may be little stronger than usual.
EQECAT's estimates the industry loss for this storm to be around 200M-1B.
The storm closely matches the following events:
03/07/1999- 03/09/1999 storm the event ID 10747 in EQECAT's winterstorm model with the mean loss of about $500M
03/01/1994-03/03/1994 storm the event ID 9337 in EQECAT's winterstorm model with the higher percentile loss of about $750M
03/21/2002- 03/26/2002 storm the event id 11675 in EQECAT's winterstorm model with the lower percentile loss of about $300M. |