Hurricane Sandy certainly earned the “Superstorm” moniker. The combination hurricane/nor’easter spawned high winds and high water, flooding lower Manhattan, erasing landmarks from the Jersey Shore, and dumping three feet of snow in West Virginia. 

East Coast cities and towns from North Carolina to Connecticut felt Sandy’s power, and in the coming weeks and months, residents in affected areas will likely face another impact of the storm: less availability of homeowners’ insurance and higher premiums. A national catastrophe fund could soften future blows by spreading risk across state lines and pooling capital, allowing for the “pre-funding” of all natural disasters in the U.S.  

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