Two years ago today Superstorm Sandy hit the shores of the East Coast, changing residents' lives and making a big impact on the insurance industry. The storm surge that resulted from Sandy destroyed homes along the Jersey Shore and Long Island; flooded lower Manhattan and major transportation hub Hoboken, disrupting public transportation for months; knocked out power for days for most residents across the area; and erroded beaches along the entire coast, as far down south as South Carolina.

Superstorm Sandy caused $18.75 billion in property losses across 15 states and Washington D.C., excluding flood insurance claims covered by FEMA, according to the Insurance Information Institute (I.I.I.) and ISO’s Property Claim Services (PCS). New Jersey and New York suffered the largest losses, with $9.65 billion and 6.3 billion accrued respectively. So far, Sandy is the third most costly hurricane in U.S. history by insured losses.

As of July 2014, FEMA has paid $7.72 billion in claims and continues to accept claims from New Jersey residents after granting Gov. Chris Christie's request for a third claim deadline extension. Many residents are still struggling to get the aid they need to rebuild their homes as FEMA investigates fraudulent aid distribution.

Here's a look at how areas affected by Superstorm Sandy continued to recover in the past year.

Jan. 18, 2014 | Trenton, N.J.

Dusty Hinz of Philadelphia protests outside the Statehouse in Trenton, N.J. Hinz and a small group of protesters were upset with how the state was distributing relief funding for Superstorm Sandy victims.

(AP Photo/Mel Evans)

Feb. 24, 2014 | Keansburg, N.J.

Debris left from a house that was demolished after it was damaged by Superstorm Sandy sits in Keansburg, N.J.

A settlement reached on May 30, 2014 between the state of New Jersey and three civil rights and housing groups requires the state to direct more storm recovery aid to low-income homeowners and renters, and to re-evaluate every rejected application to the state's main housing recovery program.

One of three storm water drainage pipes in Keansburg, N.J. that were damaged during Superstorm Sandy. Work to repair the pipes and restore Keansburg's beach to its pre-Sandy condition was set to begin the following week, accoding to federal officials.

(AP Photos/Wayne Parry)

March 2, 2014 | Toms River, N.J.

A section of Route 35 in Toms River N.J. that has been closed for months for reconstruction. Work to repair the heavily traveled highway, which was badly damaged in Superstorm Sandy, caused traffic delays and disruptions to daily life for many Ocean County shore towns.

(AP Photo/Wayne Parry)

April 25, 2014 | Seaside Heights, N.J.

A construction worker labors on the rebuilding of the Seaside Park boardwalk in Seaside Heights, N.J. following last September's massive fire that burned down the Seaside Park side of the boardwalk. Previously, the boardwalk had been rebuilt following Superstorm Sandy. Investigators determined the fire started in wiring under the boardwalk in Seaside Park that had been damaged by exposure to storm water from Sandy.

In April, N.J. Gov. Chris Christie asked FEMA to grant N.J. residents and businesses that suffered property damage or destruction in Superstorm Sandy an additional six-month extension to file a proof of loss claim in connection with the storm. The deadline was extended from Apr. 28 to Oct. 30, 2014.

(AP Photo/Julio Cortez)

May 12, 2014 | Ortley Beach, N.J.

A house across from the ocean in the Ortley Beach section of Toms River, N.J., in much the same condition as it was the day after Superstorm Sandy destroyed it. As the second summer after Sandy arrived, getting back to normal was still a long way off some at the Jersey shore.

Mantoloking, N.J.

A house on the Mantoloking, N.J. beachfront being elevated to protect against future storms like Superstorm Sandy.

Later that month, FEMA announced plans to distribute $2.5 billion to New York, New Jersey, and cities affected by Superstorm Sandy in the third and final round of a flexible grant program. Nearly $882 million was been earmarked for N.J.; $606 million for New York state; and $994 million for New York City. Connecticut and Rhode Island also received more aid.

In the first two rounds of funding, the federal government allocated nearly $3.3 billion for New Jersey and more than $7 billion for New York and New York City. New Jersey officials said nearly $18 billion in unmet needs for housing, economic development, and infrastructure will remain after the second round of funding is spent.

(AP Photos/Wayne Parry)

June 2, 2014 | Ocean Grove, N.J.

Rebuilding the boardwalk in Ocean Grove, N.J. was delayed because of a funding dispute with the federal government. By the beginning of June 2014, the project was underway and was expected to be completed by the end of the month.

June 4, 2014 | Sayreville, N.J.

A heavy equipment operator tears down a house in Sayreville, N.J. that was damaged in Superstorm Sandy.The work is part of a $300 million program in which New Jersey is buying homes in flood-prone areas and tearing them down to create natural buffers against future storms, and to avoid costly and repetitive repairs to homes that are likely to flood again.

(AP Photos/Wayne Parry)

June 23, 2014 | Brigantine, N.J.

Two buildings are under construction on the edge of a waterway in Brigantine, N.J. In its first major rewrite of coastal protection rules since Superstorm Sandy, New Jersey is proposing changes that would make it easier for some new or expanded development along the Jersey shore and the state's urban waterways.

(AP Photo/Wayne Parry)

July 1, 2014 | Folly Beach, S.C.

Equipment used to rebuild the beach at Folly Beach, S.C., is seen on the beach.

A spokeswoman with the federal Bureau of Ocean and Energy Management said on Aug. 14, 2014 that the states along the East Coast will be getting money from funds Congress approved for the recovery from Superstorm Sandy to evaluate sand deposits in federal waters three miles or more offshore that could be used to rebuild beaches and the coastline in the wake of another severe storm. A total of $400,000 is coming to the two Carolinas.

(AP Photo/Bruce Smith)

Breezy Point, Queens, N.Y. | July 4, 2014

The foundation of a house ruined by fire stands in the oceanfront community of Breezy Point in the Queens borough of New York. A religious statue once stood in front of the home, one of 130 lost during the storm. New homes in the background reflect the rebuilding spirit of the community.

(AP Photo/Mark Lennihan)

Sept. 5, 2014 | Lindenhurst, N.Y.

Gary Silberman stands in his parent's home that was destroyed by Superstorm Sandy in Lindenhurst, N.Y. After Silberman received nearly $17,000 in assistance from FEMA, the agency is demanding a return on the funds.

According to the Associated Press and Pekin Times, FEMA is looking into 4,500 households it suspects received improper payments after Sandy. As of September, FEMA had asked nearly 850 of those households to return a collective $5.8 million.

(AP Photo/John Minchillo)

Oct. 9, 2014 | Mantoloking, N.J.

Workers labor on the new seawall construction project to protect Mantoloking, N.J. from the Atlantic Ocean. As the second anniversary of Superstorm Sandy approaches, New Jersey says it has acquired 80% of the easements it needs to do shore protection work along the coast.

The town is gearing itself for future storms after most of the properties in the barrier island community were damaged by Sandy.

(AP Photo/Julio Cortez)

Oct. 21, 2014 | Mantoloking, N.J.

Homes that have been restored after Superstorm Sandy are seen near long steel sheets that will be driven by heavy equipment into the dunes to make a protective barrier near the ocean in Mantoloking. The project to install a 4-mile-long steel wall is an expensive effort that the state says is needed to protect the communities but that some residents and environmentalists oppose.

(AP Photo/Mel Evans)

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.