The following article was written by Matthew Hilsenrad, Director of Disaster Recovery at Abacus Group, and originally appeared on Markets Media.
It’s becoming a faded memory, but only seven years ago the financial capital of the world – New York City – was nearly brought to its knees by Mother Nature. Hurricane Sandy flooded the NYC subways and tunnels, blacking out most of Lower Manhattan. The New York Stock Exchange and NASDAQ were closed for two days. The storm cost New York State a staggering $32billion, New York City $19 billion and the U.S. economy an estimated $65 billion.