WASHINGTON â€" Residents along most of the East Coast on Tuesday began cleaning up the wreckage left behind by Hurricane Sandy, and it was immediately clear that all Americans will get slapped with the astronomical bill for the late-season storm. Â"One of the big lessons here is there is going to be a very large gap between the insured losses and the total direct losses, and the overall economic losses due to Hurricane Sandy,Â" said Cynthia McHale, director of insurance services for the business advisory firm Ceres. The insured losses from Sandy are initially estimated by Ceres and others to come between $5 billion and $10 billion. ThatÂ's a fraction of the total losses, however, since...
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