Triple-I: Sandy’s 10th Anniversary Is Reminder of Storm’s Toll

FOR IMMEDIATE RELEASE New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org

NEW YORK, Oct. 20, 2022—Superstorm Sandy made landfall on Oct. 29, 2012, and remains one of the deadliest and costliest natural disasters in U.S. history nearly a decade later, according to the Insurance Information Institute (Triple-I).

“Much like we are seeing of late with Hurricane Ian, Sandy serves as a stark reminder that it is critical for Americans to look into attaining flood insurance, in addition to their traditional homeowner policy,” said Sean Kevelighan, CEO, Triple-I.  “What’s more, there is no community on the East or Gulf Coasts that is not vulnerable to the devastation hurricane force winds or storm surge can bring. This anniversary is an opportunity to learn from the past and prepare for the inevitable future risks to come. Insurance is the first step toward being more resilient to natural catastrophes.”  

SUPERSTORM SANDY BY THE NUMBERS:

Fatalities:                                                 72 direct U.S. deaths

Insured Loss Payouts:                            $35.1 billion, in 2021 dollars

Number of FEMA Flood Claims Paid:   132,897, with an average payout of $64,852

Number of Vehicle Claims Filed:           230,000-plus                            

U.S. States Impacted:                              24

RELATED LINKS:

Facts & Statistics:        Hurricanes

Triple-I Issue Briefs:     Flood: State of the Risk

                                       Hurricanes: State of the Risk

Triple-I & Capgemini:   Stemming A Rising Tide: How Insurers Can Close the Flood Protection Gap

Video:                            Triple-I and The Weather Channel Visited a Family Impacted by Sandy