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Hurricane Sandy’s Storm Surge and the NFIP; Flood Insurance Coverage in New York and New Jersey

December 6, 2012

Hurricane Sandy’s Storm Surge and the NFIP; Flood Insurance Coverage in New York and New Jersey (PDF)
Source: Wharton School, University of Pennsylvania

+ Following the devastating storm surge and flooding from Hurricane Sandy, concerns have been raised about the status of flood insurance in the United States.

+ Our analysis shows that many homeowners who sustained flood damage from Sandy did not have a flood insurance policy.

+ Sandy will cost the NFIP billions of dollars in claims, further increasing its debt.

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