Sandy flood claims a drain on fed program
Photo credit: James Carbone | North Lindenhurst firefighters descend down South Bay Street in Lindenhurst, on way to rescue residents from a home during Superstorm Sandy. (Oct. 29, 2012)
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WASHINGTON -- Since superstorm Sandy hit three weeks ago, Long Beach insurance agent Dennis Miller has taken in about 3,000 federal flood insurance claims, each averaging about $60,000 to $70,000.
"That's three times what they were with Tropical Storm Irene," said Miller, explaining that more Sandy-related claims are for damage to possessions and for total losses of homes.
The large...
