Summary
The catastrophe in Japan is another tragic reminder that we need to better prepare and protect our own communities here at home from the wrath of Mother Nature. After all, substitute the word "hurricane" for "earthquake," and New Yorkers would think about their own vulnerability.
A single hurricane hitting New York on the scale of one that occurred in 1938 could easily surpass Japan's epic losses. And the ripple effect would be felt financially in all of the state's 62 counties. We are talking about a catastrophe with losses so steep it would take years to recover.See the full content of this document
Extract
Nation Needs New Model to Prefund Recovery Costs
Equally alarming, storm forecasters say events like a repeat of the 1938 hurricane that hit New York are statisti...
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