How Much Damage from Hurricane Sandy?

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Roger Pielke, Jr. has an insightful blog post pertaining to the potential damage for Hurricane Sandy.

With the caveat that we are in meteorologically uncharted waters (i.e., we've never had a storm of this nature in the modern meteorological era), I'd like to offer some speculation that might be useful:

Sandy may cause more than $100 billion in damage, more than Katrina.  You can refresh your memory about Katrina's damage here.

 The computer models that I trust are getting more and more in synch on a record storm.
Last night's European model with a 944 mb center just before landfall.

This morning's U.S. GFS with a 936 mb (!) center just before landfall.
While the details are important to a given location, the overall message is nearly identical: This will be a tremendous storm.  If either of these model forecasts are exactly correct (that is still a big "if"), I expect the total damage (including loss to the U.S. economy) to be worse than Katrina.

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