Recovery in Northeast continues 6 months after Sandy

04/29/2013 | Miami Herald (free registration), The

States affected the most by Hurricane Sandy and its remnants are continuing their recovery efforts half a year after the storm hit the region. Losses from the storm are estimated at $50 billion, which is the second-highest total behind Hurricane Katrina, according to the National Hurricane Center. The National Flood Insurance Program has settled $6.7 billion in claims payouts in New Jersey and New York, data show. Federal disaster aid for victims and affected communities has surpassed $60 billion, while the Federal Emergency Management Agency has provided hundreds of millions in housing grants and other assistance in New York and New Jersey.

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Miami Herald (free registration), The

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