On October 29, 2012, Hurricane Sandy's storm surge hit the eastern seaboard of the United States. By conservative estimates, Sandy caused from $50 billion to $60 in damage, with the actual number likely closer to $75 billion. The majority of this damage occurred in New Jersey and New York.
"Unfair Practices"
With the cleanup winding down, the present focus is on the rebuilding efforts and the status of insurance claims. A recent New York Times article discussed homeowners' putative difficulties in adjusting their insurance claims. Perhaps more telling is that the article is an obvious example of the media's attempt to imbue a negative attitude against insurance carriers.
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