Super-Storm Sandy Projected Up To $50 Billion In Damages

Hurricane Sandy Bears Down On U.S. Mid-Atlantic Coastline
Hurricane Sandy Bears Down On U.S. Mid-Atlantic Coastline
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in Washington, United States.
Hurricane Sandy Bears Down On U.S. Mid-Atlantic Coastline
Hurricane Sandy Bears Down On U.S. Mid-Atlantic Coastline
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
ATLANTIC CITY, NJ - OCTOBER 30: Resident Kim Johnson inspects the area around her apartment building which flooded and destroyed large sections of an old boardwalk, on October 30, 2012 in Atlantic City, New Jersey. Johnson fled the area when the water began to rise yesterday. The storm has claimed at least 16 lives in the United States, and has caused massive flooding accross much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City.(Photo by Mario Tama/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
ATLANTIC CITY, NJ - OCTOBER 30: A street sign stands near apartment buildings which flooded and destroyed large sections of an old boardwalk, on October 30, 2012 in Atlantic City, New Jersey. The storm has claimed at least 16 lives in the United States, and has caused massive flooding accross much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City. (Photo by Mario Tama/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in Atlantic City, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
ATLANTIC CITY, NJ - OCTOBER 30: Waves break next to an apartment building which flooded from Hurricane Sandy on October 30, 2012 in Atlantic City, New Jersey. (Photo by Mario Tama/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: Workers survey the damage from a fallen tree in lower Manhattan, October 30, 2012 in New York. The storm has claimed at least 16 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City.(Photo by Allison Joyce/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: A man clears leaves from a sewer drain in lower Manhattan, October 30, 2012 in New York. The storm has claimed at least 16 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City. (Photo by Allison Joyce/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: Workers survey the damage from a fallen tree in lower Manhattan, October 30, 2012 in New York. The storm has claimed at least 16 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City. (Photo by Allison Joyce/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
"Frankenstorm" Generates Large Waves On Lake Michigan
"Frankenstorm" Generates Large Waves On Lake Michigan
<> on October 30, 2012 in Chicago, Illinois.
"Frankenstorm" Generates Large Waves On Lake Michigan
"Frankenstorm" Generates Large Waves On Lake Michigan
<> on October 30, 2012 in Chicago, Illinois.
US-WEATHER-STORM-SANDY-TRAVEL
US-WEATHER-STORM-SANDY-TRAVEL
An unidentified man reviews the arrival flights at Dulles International Airport (IAD) October 30, 2012, as the end of Hurricane Sandy rolls through the Washington, DC area. Connecticut, New York, New Jersey, Maryland, Pennsylvania, West Virginia and North Carolina reported 15 dead from the massive storm system, and Toronto police said a Canadian woman was killed by flying debris. AFP PHOTO/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: Water floods the Plaza Shops in the wake of Hurricane Sandy, on October 30, 2012 in Manhattan, New York.The storm has claimed at least 16 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City. (Photo by Allison Joyce/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: A construction area has sunk October 30, 2012 at the South Street Seaport in Manhattan, New York. At least 15 people were reported killed in the United States by Sandy as millions of people in the eastern United States have awoken to widespread power outages, flooded homes and downed trees. New York City was hit especially hard with wide-spread power outages and significant flooding in parts of the city. (Photo by Allison Joyce/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: Water floods the Plaza Shops in the wake of Hurricane Sandy, on October 30, 2012 in Manhattan, New York.The storm has claimed at least 16 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City. (Photo by Allison Joyce/Getty Images)
US-WEATHER-STORM-SANDY
US-WEATHER-STORM-SANDY
A flooded Brooklyn Battery park Tunnel October 30, 2012 as New Yorkers clean up the morning after Hurricane Sandy's landfall. The death toll from superstorm Sandy has risen to 16 in the mainland United States and Canada, and was expected to climb further as several people were still missing, officials said Tuesday. Connecticut, New York, New Jersey, Maryland, Pennsylvania, West Virginia and North Carolina reported 15 dead from the massive storm system, and Toronto police said a Canadian woman was killed by flying debris. AFP PHOTO / TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
WASHINGTON - OCTOBER 30: Sam Rigby looks at the damage in his back yard after a large tree fell and grazed his house while hitting his neighbor's house during Hurricane Sandy on Tuesday, October 30, 2012 in Washington, DC. Hurricane Sandy made landfall in New Jersey last night, bringing extensive damage to the East Coast. (Photo by Brendan Hoffman/Getty Images) *** Local Caption *** Sam Rigby
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
AVALON, NJ - OCTOBER 30: A floating dock rests on a seawall caused by the storm from Hurricane Sandy, on October 30, 2012 in Avalon, New Jersey. Hurricane Sandy made landfall on the New Jersey coastline bringing heavy winds and record floodwaters. (Photo by Mark Wilson/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
AVALON, NJ - OCTOBER 30: Heavy surf caused by Hurricane Sandy buckles Ocean Ave., on October 30, 2012 in Avalon, New Jersey. Hurricane Sandy made landfall on the New Jersey coastline bringing heavy winds and record floodwaters. (Photo by Mark Wilson/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
AVALON, NJ - OCTOBER 30: Heavy surf caused by Hurricane Sandy buckles Ocean Ave., on October 30, 2012 in Avalon, New Jersey. Hurricane Sandy made landfall on the New Jersey coastline bringing heavy winds and record floodwaters. (Photo by Mark Wilson/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
AVALON , NJ - OCTOBER 30: A set of wooden stairs is washed up on Ocean Ave., after Hurricane Sandy came through, on October 30, 2012 in Avalon, New Jersey. Hurricane Sandy made landfall on the New Jersey coastline bringing heavy winds and record floodwaters. (Photo by Mark Wilson/Getty Images)
Hurricane Sandy Bears Down On U.S. Mid-Atlantic Coastline
Hurricane Sandy Bears Down On U.S. Mid-Atlantic Coastline
<> on October 30, 2012 in Ocean City, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
ATLANTIC CITY, NJ - OCTOBER 30: People walk past debris in the area where a 2000-foot section of the "uptown" boardwalk was destroyed by flooding from Hurricane Sandy with the Showboat Casino in the background on October 30, 2012 in Atlantic City, New Jersey. President Barack Obama had declared a major distaster for the state of New Jersey. (Photo by Mario Tama/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
ATLANTIC CITY, NJ - OCTOBER 30: People stand on a mound of construction dirt to vew the area where a 2000-foot section of the "uptown" boardwalk was destroyed by flooding from Hurricane Sandy on October 30, 2012 in Atlantic City, New Jersey. President Barack Obama had declared a major distaster for the state of New Jersey. (Photo by Mario Tama/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in Atlantic City, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in Atlantic City, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
US-WEATHER-STORM-SANDY
US-WEATHER-STORM-SANDY
Boats rest on the ground after floating from their stands at dry dock on City Island , in New York October 30, 2012 following Hurricane Sandy's impact. US President Obama declared New York a disaster area The death toll from superstorm Sandy has risen to 16 in the mainland United States and Canada, and was expected to climb further as several people were still missing, officials said Tuesday. AFP PHOTO/DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: The Brooklyn Battery Tunnel is flooded October 30, 2012 in Manhattan, New York. At least 15 people were reported killed in the United States by Sandy as millions of people in the eastern United States have awoken to widespread power outages, flooded homes and downed trees. New York City was hit especially hard with wide-spread power outages and significant flooding in parts of the city. (Photo by Allison Joyce/Getty Images)
US-STORM-SANDY-TREE
US-STORM-SANDY-TREE
A fallen tree blocks a street in the wake of Hurricane Sandy on October 30, 2012 in the American University neighbourhood of Washington. At least 13 people were killed in the United States and Canada as the storm roared ashore late Monday, pounding several major cities with heavy rain and hurricane-force winds that toppled trees and ripped down power lines. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: Workers clean up a fallen tree October 30, 2012 in New York City. The storm has claimed at least 33 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City, with wide spread power outages and significant flooding in parts of the city. (Photo by Allison Joyce/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in Atlantic City, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
US-WEATHER-SANDY
US-WEATHER-SANDY
Sailboats damaged by Hurricane Sandy are seen at a marina on City Island October 30, 2012 in New York. The death toll from superstorm Sandy has risen to 32 in the mainland United States and Canada, and was expected to climb further as several people were still missing, officials said. Officials in the US states of Connecticut, New York, New Jersey, Maryland, Pennsylvania, West Virginia and North Carolina all reported deaths from the massive storm system, while Toronto police said a Canadian woman was killed by flying debris. AFP PHOTO/DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
US-WEATHER-STORM-SANDY-OBAMA
US-WEATHER-STORM-SANDY-OBAMA
US President Barack Obama gives a statement about the Federal government's response to superstorm Sandy at the Red Cross in Washington on October 30, 2012. Damage from the mega-storm Sandy that blasted the US East Coast could hit $20 billion, disaster estimator Eqecat said, as economists put total losses to the economy at $30-50 billion. Meanwhile, Obama expressed sadness over deaths from Sandy and directed federal responders not to let up in their help to disaster areas after a top-level briefing. AFP PHOTO/Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in Ocean City, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in Ocean City, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
<> on October 30, 2012 in New York, United States.
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
on October 30, 2012 in Long Beach, New York. The storm has claimed at least 33 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City, with wide spread power outages and significant flooding in parts of the city. (Photo by Mike Stobe/Getty Images)
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy
NEW YORK, NY - OCTOBER 30: A general view of flooded streets after a tidal surge caused by Hurricane Sandy, on October 30, 2012 in Manhattan, New York. The storm has claimed at least 16 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City, with wide spread power outages and significant flooding in parts of the city. (Photo by Christos Pathiakis/Getty Images)
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