Insurers Face Big Hurricane Risks In NYC, Report Says

Law360, New York (June 7, 2012, 7:40 PM EDT) -- A research group said Wednesday that the New York City metropolitan area topped its list for cities facing the gravest financial threat from hurricanes, signaling that the massive number of claims from last year's Hurricane Irene could be just the beginning.

Beating out Miami, New Orleans and other cities analyzed by CoreLogic, the New York metropolitan area — including northern New Jersey and Long Island — contained the most residential properties at risk from storm surge, a rise in water levels caused by a hurricane. The...
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