Losses from 2 recent east coast snowstorms estimated at two billion

Based upon estimates provided by EQECAT, a subsidiary of California based ABSG Consulting, the two recent snowstorms that hit the east coast could have losses adding up to two billion dollars. The company based their estimate on a "preliminary assessment of the overall scale of these storms and their snow, ice and wind impacts relative to major prior events in the last two decades." During the past year insurance companies have had relatively low losses. Hopefully these 2 storms aren't a precursor of what's to come in 2010.

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