Recovery Efforts Continue 5 Years After Superstorm Sandy

Friday, October 27th, 2017 Catastrophe Property

On Oct. 29, 2012, Superstorm Sandy devastated coastal areas of New Jersey and New York, causing billions of dollars in damage, and killed dozens of people in the U.S. and Caribbean. Here’s a look at where things stand with the region’s recovery five years later: New Jersey reported $36.8 billion in damage, and New York $32.8 billion. While most of that money has been spent on recovery, some funds continue to be spent five years later, including aid for damaged homes. The Federal Emergency Management Agency says it has paid out $13.5 billion in public assistance funds in New York, and $1.9 billion in New Jersey. Aid to individuals and households has been $1 billion in New York and $422 million in New Jersey.


External References & Further Reading
http://www.foxnews.com/us/2017/10/27/recovery-efforts-continue-5-years-after-superstorm-sandy.html
SOS Ladder AssistAspen Claims ServiceMid-America Catastrophe ServicesHancock Claims ConsultantsNationwide Overspray