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Damage Estimates Mount From October Storms

According to an early estimate from the Connecticut Insurance Department, the “nor’easter” that hit the state during the last weekend in October caused insured damages of between $500 million and $750 million, approximately 25 percent of the estimated $1 billion to $3 billion in all insured damages from the storm that dropped snow from Maryland to Maine
November 9, 2011

According to an early estimate from the Connecticut Insurance Department, the “nor’easter” that hit the state during the last weekend in October caused insured damages of between $500 million and $750 million, approximately 25 percent of the estimated $1 billion to $3 billion in all insured damages from the storm that dropped snow from Maryland to Maine. The insured damage is only a small part of the total economic losses, which is yet to be estimated. Chuck Watson, director of research and development for Kinetic Analysis Corp. of Silver Spring, Maryland, said that the damage from snowstorms is more difficult to forecast than damage from hurricanes since ice and snow are factors in addition to wind and rain. Watson estimates that the total economic losses will exceed $1 billion, making the storm the 11th natural disaster of that magnitude to hit the U.S. this year. 
 

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