Plumeri puts Sandy industry losses at $50bn
Outgoing Willis chairman and chief executive Joe Plumeri believes that insured losses arising from superstorm Sandy could be up to 10 times higher than the early industry estimates of $5bn (£3.15bn).
"In my opinion, Sandy will have economic losses in excess of $50bn [£31.46bn] and insured losses in the region of $30bn to $50bn when it's over," Plumeri told Post.
"Events like Sandy, when they
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