More than half of New Yorkers expect the Big Apple to be bruised by another Sandy-sized storm within the next two decades, a Swiss Re survey shows.
Natural disasters cost the global economy $160 billion last year, according to Swiss Re. Superstorm Sandy caused more than $28 billion in insured losses when it struck the Northeast U.S. in late October 2012.
Sixty-five percent of New Yorkers sustained some degree of damage during the “perfect storm” of October 2012, which was the region's deadliest in 40 years and the second-costliest in U.S. history.
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