The flash floods triggered by Tropical Storm Ida across the Northeast caused billions of dollars in damage, and property owners likely won’t have help in footing much of that bill.
Only a fraction of the damage inflicted on the Northeast was insured, however. CoreLogic estimates that the insured loss from the flooding was only between $5 billion and $8 billion. Most of the damage occurred in Pennsylvania, New Jersey, New York, Connecticut and Massachusetts. “ Only $5 billion to $8 billion of the losses caused by the flash flooding from Tropical Storm Ida was insured, according to estimates. ”
Another factor that likely contributed to the devastating flooding was the fact that major urban areas were hard hit. The heavy rainfall, which easily surpassed what this region sees in a typical month, overwhelmed storm water drainage systems. Without much green space to absorb the water, it had nowhere to go — leading to the flash floods.
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