With the East Coast continuing to recover from superstorm Sandy, there are still wide ranges in the estimated insured losses. Risk analysis company EQECAT has estimated insured losses ranging from $10 billion to $20 billion, and total economic damages ranging from $30 billion to $50 billion. RMS estimates insured losses in the United States to range from $20 billion to $25 billion. And AIR Worldwide estimates insured losses ranging from $7 billion to $15 billion.
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• State Farm Mutual Group reported 95,203 total home claims and 16,334 auto claims
• USAA Group reported having received 56,000 insurance claims, surpassing the 53,000 claims from Hurricane Ike in 2008, but has not issued a total dollar estimates
• Allstate Insurance Group estimated catastrophe losses for October will exceed $150 million
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As of November 15, the Federal Emergency Management Agency (FEMA) approved more than $421 million to help individuals and families recover from the disaster, and more than 198,000 New Yorkers had contacted FEMA for information or registered for assistance. More than 100,000 applied through online application at www.disasterassistance.gov.
According to the U.S. Department of Energy, as of 9 am EST today, there are 2,129 customers without power in New York state, down from 22,932 customer outages on Tuesday. In New Jersey, Jersey Central Power & Light reported that in the Barrier Islands and shoreline communities, 30,000 customers cannot be restored. Atlantic City Electric reported 5,000 customers are not able to receive power.