US winter storms estimated to cost $2bn
Catastrophe risk modeling firm Eqecat said Friday afternoon (eastern time) that it estimates insured losses resulting from two February winter storms in the eastern United States will exceed $2bn, based on a preliminary assessment.
Eqecat said that it 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
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