A catastrophe modeling firm said today that if the killer hurricane that smashed through Long Island, New York and New England 70 years ago were to reoccur today it could inflict a private and federally insured loss of up to $55 billion.
And the analysis by Risk Management Solutions of Newark, Calif. said in the future if a storm with the power of the September 1938, Great New England Hurricane hit near New Jersey in Delaware Bay and turned more northwesterly it could cause a $115 billion loss.
The 1938 event plowed through the northeast U.S. hitting Long Island, Connecticut, Rhode Island and Massachusetts, with high winds, storm surge and inland flooding causing more than 700 fatalities.
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