Sandy's cost to economy: Up to $50 billion | Redux

Sandy's cost to economy: Up to $50 billion

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Excerpt:

NEW YORK (CNNMoney) -- The estimated loss to the nation's economy from Superstorm Sandy has climbed to as much as $50 billion, making it one of the nation's most costly disasters. Eqecat, which does loss estimates from catastrophes for the insurance industry, puts the total losses at between $30 billion and $50 billion. Its initial estimated loss earlier in the week was only $10 billion to $20 billion. Eqecat said the higher estimate is due primarily to the large electric and utility losses, coupled with the transit and road closures that shut many businesses longer than expected. It also said further information about damage is raising the estimate. It now believes the insured portion of the loss could reach in the $10 billion to $20 billion range, up from its earlier estimate of a $5 billion to $10 billion in insured losses.

Keywords:

new york business economic damage economic loss the loss storm nation storm damage gross domestic product New York City Zandi Hurricane Irene Hurricane Katrina Hurricane Andrew Mark Zandi chief economist insurance industry stock exchanges natural disaster extra time New Jersey insured Analytics financial services disaster professional services CNNMoney dwarfing catastrophes slowdown trade Superstorm terrorist sewage gasoline rebuilding transit rail productivity repairs so many ways Philadelphia electric a share fees accounting problems large information Washington

People:

Mark Zandi

Overall Sentiment: -0.221173

Relevance: 0.599677

Sentiment	Quote
-0.0923014	"That's hard to get back," he said. ...
0	"There's so many ways it weighs on the economy that can't be measured," he said. ...
Sentiment Stats:	Number of Quotes: 2 Aggregate Sentiment: -0.0923014 Mean: -0.0461507 Standard Deviation: 0

Superstorm Sandy

Overall Sentiment: -0.147032

Relevance: 0.545894

Eqecat

Overall Sentiment: -0.0454985

Relevance: 0.433215

Key:

• Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
• The Mean is meant to be an indicator of an individual's average comment sentiment.
• The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Company: Moody

Overall Sentiment: -0.227456

Relevance: 0.841346

Disambiguation: PeriodicalPublisherReferences:

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• Moody's: dbpedia
• Moody's: freebase
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• Moody's: semanticCrunchbase

City: New York City

Overall Sentiment: 0.063166

Relevance: 0.41572

Disambiguation: PoliticalDistrict | GovernmentalJurisdiction | PlaceWithNeighborhoods | WineRegion | FilmScreeningVenueReferences:

• New York City
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• New York City: geonames
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City: NEW YORK

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Relevance: 0.399678

Disambiguation: References:

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• New York, Lincolnshire: yago

City: Washington, D.C.

Overall Sentiment: -0.384707

Relevance: 0.317889

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StateOrCounty: New Jersey

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Relevance: 0.338962

Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | GovernmentalJurisdiction | USStateReferences:

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• New Jersey: freebase
• New Jersey: umbel
• New Jersey: opencyc
• New Jersey: yago

NaturalDisaster: Hurricane Irene

Overall Sentiment: 0.653188

Relevance: 0.373242

Disambiguation: TropicalCycloneReferences:

• Hurricane Irene (1999): dbpedia
• Hurricane Irene (1999): freebase
• Hurricane Irene (1999): yago

NaturalDisaster: Hurricane Katrina

Overall Sentiment: -1

Relevance: 0.342209

Disambiguation: TropicalCycloneReferences:

• Hurricane Katrina: dbpedia
• Hurricane Katrina: freebase
• Hurricane Katrina: opencyc
• Hurricane Katrina: yago

NaturalDisaster: Hurricane Andrew

Overall Sentiment: -1

Relevance: 0.33475

Disambiguation: TropicalCycloneReferences:

• Hurricane Andrew: dbpedia
• Hurricane Andrew: freebase
• Hurricane Andrew: opencyc
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Meta Tags

Provided Desc:

The estimated loss to the nation's economy from Superstorm Sandy has climbed to as much as $50 billion, making it one of the nation's most costly disasters.

Provided Title:

Sandy's cost to economy: Up to $50 billion

Provided Keywords:

• CNNMoney
• economic losses
• eqecat
• Hurricane Katrina
• Hurricane Sandy
• insured losses
• moodys analytics
• zandi

Source : Source

Data Sources

Full Content: http://rss.cnn.com/~r/rss/money_latest/~3/OzRJMMHl-dw/index.html

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