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    Hurricane Sandy

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    Sumon Bora
    Hurricane Sandy developed from a tropical wave in the Caribbean Sea on October 22, 2012, quickly strengthening into a hurricane that caused widespread damage across 24 US states. It was the largest Atlantic hurricane on record, killing over 150 people and causing an estimated $65 billion in damages. Over 19,000 flights were canceled and 4.8 million customers lost power. Insurance losses were estimated between $10-20 billion and the storm caused major disruptions to financial markets and industries along the eastern US seaboard.

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    Hurricane Sandy

    Uploaded by

    Sumon Bora
    52 views11 pages
    Hurricane Sandy developed from a tropical wave in the Caribbean Sea on October 22, 2012, quickly strengthening into a hurricane that caused widespread damage across 24 US states. It was the largest Atlantic hurricane on record, killing over 150 people and causing an estimated $65 billion in damages. Over 19,000 flights were canceled and 4.8 million customers lost power. Insurance losses were estimated between $10-20 billion and the storm caused major disruptions to financial markets and industries along the eastern US seaboard.

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    Hurricane Sandy developed from a tropical wave in the Caribbean Sea on October 22, 2012, quickly strengthening into a hurricane that caused widespread damage across 24 US states. It was the largest Atlantic hurricane on record, killing over 150 people and causing an estimated $65 billion in damages. Over 19,000 flights were canceled and 4.8 million customers lost power. Insurance losses were estimated between $10-20 billion and the storm caused major disruptions to financial markets and industries along the eastern US seaboard.

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    Download as PPTX, PDF, TXT or read online from Scribd
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    52 views11 pages

    Hurricane Sandy

    Uploaded by

    Sumon Bora
    Hurricane Sandy developed from a tropical wave in the Caribbean Sea on October 22, 2012, quickly strengthening into a hurricane that caused widespread damage across 24 US states. It was the largest Atlantic hurricane on record, killing over 150 people and causing an estimated $65 billion in damages. Over 19,000 flights were canceled and 4.8 million customers lost power. Insurance losses were estimated between $10-20 billion and the storm caused major disruptions to financial markets and industries along the eastern US seaboard.

    Copyright:

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    Download as PPTX, PDF, TXT or read online from Scribd
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    of 11

    WHAT IS IT???

    Sandy developed from a tropical wave in the western Caribbean Sea on October 22, quickly strengthened and was upgraded to Tropical Storm Sandy six hours later Became a hurricane on October 24 The largest Atlantic hurricane on record Hurricane Sandy affected 24 states in the US killing almost 132 people

    Country United States Haiti Cuba Bahamas Canada Dominican Republic Jamaica Bermuda Total

    Fatalities 131 104 11 2 2 2 1 0 253

    Missing 0 15 0 0 0 0 0 0 15

    Damage (in USD) $63 billion (estimat ed) >$100 million (esti mated) $2 billion (estimate d) $300 million (estim ated) Unknown $30 million $55.23 million (esti mated) Unknown >$65.5 billion (esti mated)

    Impact
    From October 27 through early November 1, airlines canceled a total of 19,729 flights 4.8 million customers remained without power in 15 states 25,000,000,000-Estimated dollar value of the lost business activity as a result of Sandy, according to financial analysis firm IHS Global Insight.

    IMPACT ON THE FINANCIAL SECTORS


    Hurricane Sandy-related insurance industry losses could reach the $10 billion to $20 billion range Insurance giants likely to take a big hit include Allstate Corporation, Chubb Corporation and Travelers Companies, Inc. All major U.S. stock exchanges were shuttered on October 29th & 30th as areas around New York's Financial District came under a mandatory evacuation order

    IMPACT ON THE FINANCIAL SECTORS


    Originally, the NYSE had planned to close just its exchange floor and allow traders to buy and sell stock electronically. Then it decided to shut down electronic trading, too.

    IMPACT ON THE INDUSTRIAL SECTORS


    Biggest effect on wireline service providers in the telecommunications sector and revenue will decline less than 1 percent in the fourth quarter In the airline sector, Bank of America Merrill Lynch analysts have penciled in a loss of $500 million in revenue and $100 million in profits for U.S. airlines JetBlue Airways Corporation, US Airways Group, Inc. and Delta Air Lines, Inc.

    IMPACT ON THE INDUSTRIAL SECTORS


    Retailers, excluding restaurants, lost at least $25 billion in sales that week Regional utilities like Consolidated Edison, Inc., Public Service Electric and Gas, and FirstEnergy Corp., owner of Jersey Central Power & Light. These firms will see revenues fall in the fourth quarter due to power outages and restoration costs

    Conclusion
    Second costliest hurricane Huge loss to telecomm sector and

    insurance industries

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