hurricane

The 11 Costliest Hurricanes in U.S. History

When Sandy struck New York City and other major East Coast population centers, it immediately vaulted onto the list of the most expensive storms in U.S. history. Repairing the damage will ultimately cost tens of billions of dollars. Here's how Sandy stacks up to other devastating Atlantic storms.

Hurricane Sandy to Cost Businesses Billions

Economists say it will take a while to fully estimate the economic impact of the storm. But they believe the impact will be enough to lower the nation's gross domestic product, the broadest reading of the nation's economic activity, in the fourth quarter.

Frankenstorm Is Coming: Do You Have Flood Insurance

With Hurricane Sandy, aka Frankenstorm, poised to hit the U.S. next week, now may be a good time to ask: Do you have flood insurance, and should you? Even if you're not in this storm's path, 90% of natural disasters nationwide involve flooding. Yet less than a fifth of U.S. homeowners have a flood insurance policy.

Hurricane Season: Are You Covered for Flood Damage?

Hurricane season comes every year, and 90% of natural disasters nationwide involve flooding. Yet less than a fifth of U.S. homeowners have a flood insurance policy. With Hurricane Irene poised to hit U.S. shores this week, now may be a good time to ask: Are you covered, and should you be?

The 10 Costliest Floods in American History

Last week, the Army Corps of Engineers flooded Vicksburg, Miss., to save New Orleans, an awful choice that speaks volumes about how hard it is for even modern technology to fight Mother Nature. 24/7 Wall St. looks back at other times when water won the battle.

Disaster Plans: Prepared for a Worst-Case Scenario?

The deadly tornadoes and flooding that struck the South and Midwest in April, the devastating earthquake in Japan, and concerns about terrorist reprisals after Osama Bin Laden's death should serve as reminders to property owners: You may hope it never comes, but you need to plan for the worst-case scenario.

Why Gas Prices Are Falling in Time for Labor Day

The price per gallon for gasoline is at the second-lowest level in five years, and some economists predict it could drop much further soon. The reason: More-than-ample inventories of crude oil and refined petroleum products.

The Economic Impact of the 'Katrina Diaspora'

Five years after Hurricane Katrina, an estimated 100,000 displaced New Orleans residents have yet to return home. What impact have these evacuees had on the local economies of their new homes?

Tropical Storm Alex Threatens the Gulf and Oil-Spill Cleanup

Tropical storm Alex is approaching the Gulf of Mexico, the site of the massive BP oil spill. If the storm hits the oil-spill area, it could delay cleanup for two weeks -- and leave the Deepwater Horizon well uncapped for 14 days, spewing up to 35 million gallons over the period.

Hurricane Season 2010: Bracing for the Worst

With the season now officially underway -- and the predictions call for a doozy -- coastal regions along the Gulf and the Atlantic are facing the potential for major losses. State-run insurers could feel the most financial pain.