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Mta Storm Surge

Transportation Nation

NY MTA Has Less Catastrophe Insurance Than 2012

Wednesday, July 31, 2013

WNYC

The New York MTA is going into hurricane season with $100 million dollars less insurance against catastrophes than it had when Sandy happened.

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Transportation Nation

MTA Asks Investors to Bet Against Another Sandy

Tuesday, July 16, 2013

WNYC

In the first move of its kind by any U.S. transit agency, New York's MTA is is selling a "catastrophe bond" to investors so that it gets paid if there’s a Sandy-style storm over the next 3 years.

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