PIMF Blog Notes

Super Storm Sandy

Superstorm SandyJust this past October, Hurricane Sandy, the second costliest hurricane in America’s history made it way up our coastal shoreline. Early estimates assessed damage at nearly $75 billion, Hurricane Katrina being the only storm to surpass it. At least 285 known people were killed along the path of the storm in seven countries it hit. In the United States, Hurricane Sandy affected 24 states, including the entire eastern seaboard from Florida to Maine with particularly severe damage in New Jersey and New York. Damage to businesses in New Jersey alone totaled to $30 billion.

For those fortunate enough to not have been affected, you many not know that more than two million homes throughout the Garden State were without power due to the super storm. Close to 346,000 homes ranged from slightly damaged to completely destroyed; sadly, 37 people lost their lives. New Jersey was left in…

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