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Article updated: 11/2/2012 7:19 AM

Power, transit outages will increase Sandy’s costs

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Sand fills the streets in the wake of superstorm Sandy, along the central Jersey Shore, N.J.

Associated Press

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Widespread power outages and subway shutdowns may wind up making Superstorm Sandy the second most expensive storm in U.S. history, according to the forecasting firm Eqecat. That would rank it right behind Hurricane Katrina.Eqecat said Thursday that the damage from the storm will likely be far worse than it previously predicted, largely a result of Sandy hitting the most densely populated area in the country.

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