NEW YORK and the coast of New Jersey are at risk of being hit by a major
hurricane, causing a significant loss of life and “tens of billions of dollars”
in damage, coastal geologists warn. Their findings come from a study sponsored
by the insurance industry, which is assessing the financial risks it faces.
Intense storms rarely hit the New Jersey coast and developers have taken few
precautions to protect buildings from heavy storm damage. The last major
hurricane to strike the Big Apple was in 1821, and the state of New Jersey has
only been hit by three smaller…
