Estimate Puts Number of Cars Damaged by Sandy at 230,000

The latest estimates from the Insurance Services Office (ISO) put the number of vehicles damaged by Superstorm Sandy at 230,000, with the vast majority of those cars in New York and New Jersey.

The National Insurance Crime Bureau (NICB) announced the figures on Monday.

Around 56 percent of car damage claims from the disaster were in New York, followed by New Jersey, which had 26 percent. The remaining claims were spread across states in the northeastern U.S.: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, North Carolina, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia and West Virginia.

The bureau’s report did not offer a breakdown of types of damage, although it said that filed insurance claims could range from sustaining “minor paint scratches from flying debris” to cars being “underwater for days and rendered total losses.”

Insurers Report Their Own Claims Numbers

Car insurers throughout the industry were affected by Superstorm Sandy, which brought torrential rain and winds in late October that racked up insurance losses estimated to be up to $22 billion.

Allstate reported Wednesday that its Sandy losses amount to a total of $1.08 billion before taxes. Auto losses made up about 40 percent of total losses. Seventy-eight percent of those losses were in New York, 19 percent in New Jersey and 3 percent in other states.

The insurer reported making $340 million in claim payments as of Monday.

Last week, State Farm reported that it had received 16,666 auto claims from the catastrophe, making up 14.5 percent of all Sandy-related claims.

About 55 percent of those claims were in New York, while about 25 percent were in New Jersey. There were also auto claims reported to State Farm in Delaware, Maryland, Virginia, Connecticut and Pennsylvania.

About Ben Zitney
Benjamin Zitney has been covering the auto insurance industry for the past 2.5 years. Before coming to Online Auto Insurance News, he produced an extensive company history of the 30-year-old California Joint Powers Insurance Authority and worked at the Cal State Long Beach Daily Forty-Niner as a reporter, copy editor and news editor.

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