Insurance implications due to damage to infrastructure from Superstorm Sandy are difficult to know at this point, but most infrastructure is not privately insured.
Meyer Shields of Stifel Nicolaus recently said insured losses from Sandy could be higher than modelers' estimates once infrastructure losses are added.
Sandy's storm surge and high winds wreaked havoc on the New York and New Jersey train systems. Buses were also shut down for some time after the storm. Roads were washed away in some places, and the entire Northeast succumbed to massive power outages. Not to mention damage to municipal, state and federal buildings, airports and harbors.
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