New York City could suffer massive financial losses from hurricane
- 95.5% the odds that a hurricane will hit the Miami area in the next 50 years
- 6.6% the odds a hurricane will hit NYC in the next 50 years source
» But if one does hit NYC, it’ll cost a bundle: CoreLogic, a data-analysis firm, estimates that the area most in danger of major financial loss if a hurricane hits it is New York City — with some estimates reaching as high as $100 billion in insured losses. To give you an idea of how bad it could be in NYC, Hurricane Irene, which was a fairly minor tropical storm when it hit the city last summer, still caused $6 billion in damage in the New York/New Jersey region.