Ian's devastation and its effects on municipal rebuilding efforts | Cumberland Comment
by Patricia Healy, CFA
Excerpt below:
Cumberland Advisors is in the city of Sarasota. In preparation for Hurricane Ian, which was initially expected to make landfall in the Tampa area, we sent some employees to our disaster recovery site in Vineland, N.J., where Cumberland’s headquarters was originally located.
Our remote operations have been robust since our shift to fully remote work with the onset of COVID shutdowns. Thankfully, all our staff is accounted for and safe. Our thoughts and prayers go out to those who experienced the brunt of Ian and lost property and possibly life.
The massive and deadly surge of water and catastrophic winds that first hit land just west of Fort Myers are poised to make Ian one of the costliest storms in U.S. history.
