I. Introduction

In 2005, Hurricane Katrina devastated New Orleans, leaving 1,833 dead and causing $108 billion in property damage. Katrina was the costliest storm in U.S. history, and 2012 brought a close second: Superstorm Sandy caused $65 billion in damage as it tore through 24 states, leaving 160 dead and 6 million without power, and sending a 13-foot storm surge through Battery Park in Lower Manhattan.

Please click here to read the full text of this article

Originally published by the American College of Real Estate Lawyers, October 2014.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.