By failing to prepare, you are preparing to fail. – Benjamin Franklin
Superstorm Sandy was the largest Atlantichurricane on record, spanning 1,100 miles, affecting 24 states fromFlorida to Maine and as far west as Michigan. In New Jersey and NewYork, the storm surge reached 14 feet above average low tide,crippling the financial center of the world. In Sandy's wake were285 dead and $70 billion in damage. From an insurance perspective,less than half of those affected were insured. [Aon Benfield2013/NOAA]
Less than one year later, torrential rains resulted in a flash flood inBoulder, Colo., causing $2 billion in damage with less than 2%of losses insured. [FEMA] In 2015, Texas and Oklahoma experienced catastrophicflooding with projected losses exceeding $3 billion, with only onethird insured. [Aon 2015]
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
