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Measuring the economic impact of Hurricane Sandy

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  • Description

    FBN's Cheryl Casone sounds off

  • Duration 2:41
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Against -- already being called one of the top ten most expensive hurricanes in US history early estimates suggest he could cost the insurance industry.

More than twenty billion dollars joining us right now to explain the economic fallout Cheryl Casone for the Fox Business Network we'll talk a little bit about -- for first talk about this.

-- wanna talk about overall the economy is gonna look like in the effect of hurricane sandy fox is getting exclusive numbers from at look at this is the top estimate -- the economic impact.

Of storms.

They're telling Fox Business right now this is most likely to be more expensive than hurricane Andrew in today's dollars the economic impact of Andrew 41 billion dollars were looking.

As much more than that according quote have we're gonna have the senior vice president on fox visits later on today to give us so updated numbers but they've been going through -- taking a look at what's gonna happen here look.

You've got 88 -- -- 88 billion dollars in homes 284000.

On sevens -- eighty billion dollars in property that could have been affected right as the sun comes up today this is when the insurance companies get on the grounds -- to look -- trying to figure out.

What is going on but at this point the estimates for overall -- -- -- impact think about.

The market's been closed for two days think about what's happening at the airports that about the loss of revenues large businesses small businesses all of that -- -- 25% of the nation's population.

In this part of the -- -- and good they acted in commercial real estate as well as refinery refiners airlines that we're gonna have to look at the shippers and -- -- UPS I mean all of these sectors.

Are going to be affected now look the insurance industry look at the 500 billion dollar industry they're going to be covered.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- You know they've been looking for about a 700 veterans a -- that -- 2012.

That got 15100 open positions right now a lot of -- can work from home but supper they have a looking.

And their veterans initiative to hire again this disabled veterans virtual drop -- you can participate.

From home and -- -- -- think about that.

Convergys is also they -- -- and any customer service you can also do this from home as well they help companies manage the back -- operations and if you don't like the cells -- -- customer service question eccentric technical support 2500 jobs.

By the end of the -- -- also participating in this virtual job.

And you -- find out more too including a third or which is Wells Fargo Wells Fargo and -- it he had good FM UFF job hunt at foxnews.com.

All right -- Sunni thanks so much with William fox does network --

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