New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades.
New York Governor Andrew Cuomo imposes emergency regulations on insurers to speed the processing of Sandy claims, but an industry representative calls the rules "heavy handed" and says no other states have seen fit to take similar actions.
New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates.
