
How much damage will Fay cause in the US?
Due to new rules regarding how markets are to be settled the market must be voided. Cat-Ed's can not personally contact news agencies or the insurance company in this market therefore we can't settle a market such as this.
Background:>
Settlement details:
As reported by a major mainstream news source.
Question should be suspended after the storm makes landfall on the US mainland; suspend date currently set to NOAA's landfall estimate.
Voided
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Under $1 million |
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$1 to $9.99 million |
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$10 to $99.99 million |
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$100 to $249.99 million |
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$250 to $499.99 million |
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$500 to $749.99 million |
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$750 to $999.99 million |
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$1 to $2.49 billion |
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$2.5 to $4.99 billion |
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$5 billion or more |
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Suspend date: Tue 19th Aug 5am PDT
Initial likelihoods: Under $1 million: 1%, $1 to $9.99 million: 2%, $10 to $99.99 million: 3%, $100 to $249.99 million: 15%, $250 to $499.99 million: 20%, $500 to $749.99 million: 25%, $750 to $999.99 million: 20%, $1 to $2.49 billion: 10%, $2.5 to $4.99 billion: 3%, $5 billion or more: 1%
Action history:
Will be the best place to find damage estimates 24-48 hours after the storm. I have the site and a direct line # to their media office so we will go by III estimates.
Will be the best place to find damage estimates 24-48 hours after the storm. I have the site and a direct line # to their media office so we will go by III estimates.
Suspend date: Tue 19th Aug 5am PDT
more info...
Predictions (16)
16 predictions
Comments (2)
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After calling NOAA I've been told the best place for rapid damage estimates will the insurance industry. www.iii.org
Will be the best place to find damage estimates 24-48 hours after the storm. I have the site and a direct line # to their media office so we will go by III estimates.
Cheers,
Ryan
Also, Ryan, that sounds like an excellent way of getting this settled quickly.
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