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The Catastrophic Economic Effects of Hurricane Sandy: What will it Cost?

Wednesday,
Dec 12


Source: http://www.youtube.com/watch?v=AvD45eHptvs

Not only did Hurricane Sandy only devastate lives, but has created the largest and most expensive recovery costs from a natural disaster in U.S. history. This is a good review of the overall cost considerations, beyond just the human effect. Initial estimates run in the billions of dollars, so high, that it is almost impossible to fathom. Sandy struck and destroyed some of the most valuable real estate and brought the stock market down for a natural disaster for the first time since 1888. The price may also trickle down to the rest of us as the insurance companies increase their rates, to compensate for the losses. View the video, as surprisingly, amidst the mayhem, there are a couple of positive factors.

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