The economic toll from the vast storm Sandy on the U.S. East Coast is expected to be massive, with billions of dollars in damages. One catastrophe assessment company, Eceqat, predicted the toll could hit $20 billion, with perhaps half of that amount covered by insurance. Sandy spawned widespread flooding and wind damage - especially in the northeastern state of New Jersey and New York City - before moving inland and weakening on Tuesday. Large industrial manufacturers and oil refiners shut ...
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