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The economic effects of Hurricane Katrina, which hit Louisiana, Florida, Texas and Mississippi in late August 2005, were far-reaching. In 2006, the Bush administration sought over $100 billion for repairs and reconstruction in the region, making the storm the costliest natural disaster in US history. [ 1 ]
Hurricane Helene: $81.6 [18] $84.2 225 Tropical cyclone 2024 North America (, , , others) Hurricane Ida: $75 [19] $87 107 Tropical cyclone 2021 North America (, , , others) 2019–20 Australian bushfire season: $69 [20] $83.8 451 Wildfire 2019-20 Australia Hurricane Sandy: $68.7 [13] $94.1 254 Tropical cyclone 2012 North America (, , , others ...
The storm surge also devastated the coasts of Mississippi and Alabama, making Katrina one of the most destructive hurricanes, the costliest natural disaster in the history of the United States (tied with Hurricane Harvey in 2017), [43] and the deadliest hurricane since the 1928 Okeechobee hurricane. The total damage from Katrina is estimated at ...
By comparison, Hurricane Katrina, the 2005 storm that devastated New Orleans, killed more than 1,800 and cost about $200 billion, according to federal estimates.
The infamous 2005 hurricane season is the second costliest on record on the normalized list, with total damages estimated at $215 billion after seven hurricanes made landfall in the U.S ...
Noting estimates placing the economic damage cost in the quarter-trillion-dollar range and outstripping the cost of Hurricane Katrina, Reinhart said “we think the short-term effect on national ...
The following decade featured seven hurricanes causing at least a billion in damage. In the 1990s, twelve tropical cyclones accrued at least a billion in damage, including Hurricane Andrew in 1992. The system greatly exceeded the damage figure of any preceding tropical cyclone, causing $27.3 billion in damage, mostly in South Florida. Nineteen ...
“In the coming days, we’ll likely see the national average increase 3 to 5 cents."