October 24, 2014
October 23, 2014
October 22, 2014
Hurricane Sandy Six Months Later—By the Numbers
Six months later, the cleanup from Hurricane Sandy is still a work in progress. The Storm that caused some $50 billion in damage and killed 159 people has not been forgotten by those along the east coast. The following is a snapshot of Hurricane Sandy by the numbers.
From the Property Casualty Insurers of America:
The following is a list of allocated funds by the Department of Interior. The complete list of approved projects can be viewed here.
$42.35 million: The amount New Jersey will receive from the Department of Interior. The funds will be used to repair and rebuild parks, refuges and other federal assets damaged by the storm
$104.9 million: A portion of this amount will go to New Jersey for multistate projects.
$2.85 million: The amount allocated to New Jersey by the Bureau of Safety and Environmental Enforcement to make repairs to the Ohmsett oils pill research facility in Leonardo, New Jersey.
For a look at how the property/casualty industry was affected by Sandy, we turn to theInsurance Information Institute for this chart illustrating the p/c industry net income for fourth quarters from 2007-20012.
$1.4 billion: The amount the Small Business Administration has loaned to homeowners, renters and businesses in New York. New Jersey received $731 million.
$3.4 billion: The amount the National Flood Insurance Program has paid in New York claims. Another $3.3 billion was paid in the state of New Jersey.
$959 million: The amount the Federal Emergency Management Agency paid out for housing assistance in New York. $387.4 in housing grants was given to to New Jersey residents in need.
For a breathtaking photo essay on the effects of Hurricane Sandy, head to Boston.com.