More than twelve months ago on October 29, 2012, Superstorm Sandy struck one of the most densely populated areas of the United States with damage on an unprecedented scale. In a handful of days, millions of lives were disrupted and billions of dollars in damage occurred to infrastructure, buildings, houses, and vehicles.
The 1,000-mile wide storm caused damage in more than 12 states and generated more than 1.5 million insurance claims worth over $18 billion. Superstorm Sandy a Year Later: A Record-setting Storm and a Record-setting Response is a new research paper from Crawford & Company that summarizes the effects of the storm, how the insurance industry and our country and cities could handle future catastrophic events, and how Crawford handled record-setting claims.
Superstorm Sandy a Year Later visits:
- What made Sandy so incredibly rare and destructive—and why we might see more similar storms
- What types of state and federal legislation and regulations changed because of the storm
- The problems with flood insurance claims
- How the insurance industry will handle future storms
- What coastal cities can do to become more resilient as they prepare larger and more frequent storms that may be generated in part by climate changes
- How Crawford handled the massive number of claims from the storm, ranging in size from several hundred to tens of millions of dollars
You can download a copy of the paper using the links above. Do you have a Sandy memory to share? Ever been caught in a hurricane or natural catastrophe? Let us know below.