Moody's Analytics: $50bn in economic loss from Sandy This guest post was submitted by Jason Abbruzzese of FT.com. Moody's Analytics is the latest to estimate the total economic costs from Sandy, arriving at a higher projected loss than most of the forecasts we've seen. The projection pegs losses at $50bn - $30bn in damages and $19.9bn in lost output. New York City bears the brunt, with 57.2 per cent of all losses. This might best be explained by a surprisingly high cost to the financial sector, which the report puts at $3.9bn, or 34.9 per cent of all losses. If the $50bn total turns out to be accurate, it will make Hurricane Sandy the fourth costliest US disaster behind Hurricane Katrina, the attacks of September 11, and Hurricane Andrew. Meanwhile, Eqecat has also updates its estimates, with $50bn at the high end of its range: EQECAT's post-landfall estimates are as follows: Insured Losses: $10 - 20 Billion Total Economic Damage: $30 - 50 Billion A number of factors have influenced our revised estimates, including: Large electric and utility losses will trigger significantly more insured losses (business interruption) than were expected from a more typical category 1 storm. Subway outage (and roadway tunnels) will be leading to higher expectations of loss amplification. Continuation of discovery produces more remaining "unknowns" to produce better certainty in the losses.