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This aerial photo shows burned-out homes in the Breezy Point section of the Queens borough New York after a fire on Tuesday, Oct. 30, 2012. The tiny beachfront neighborhood told to evacuate before Sandy hit New York burned down as it was inundated by floodwaters, transforming a quaint corner of the Rockaways into a smoke-filled debris field.

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Storm's cost may hit $50B; rebuilding to ease blow

Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm.

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