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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 ]
The first hurricane to cause at least $1 billion in damage was Betsy in 1965, which caused much of its damage in southeastern Louisiana. Four years later, Camille caused over $1 billion in damage as it ravaged Louisiana and Mississippi at landfall, and Virginia after moving inland. After the 1960s, each decade saw an increase in tropical ...
This is in part due to the difficulty of measuring the financial damage in areas that lack insurance. For example, the 2004 Indian Ocean earthquake and tsunami, with a death toll of around 230,000 people, cost a 'mere' $15 billion, [1] whereas in the Deepwater Horizon oil spill, in which 11 people died, the damage was six times higher.
On August 29, 2005 Hurricane Katrina struck the Gulf Coast -- leaving its mark as one of the strongest storms to ever impact the U.S. coast. Devastation ranged from Louisiana to Alabama to ...
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 ...
Hurricane Katrina. Year: 2005. Location: Three landfalls, one in Keating Beach, ... Damage: $125 billion (2005 dollars) What happened: Ranked as the deadliest storm since 1950, Katrina is tied ...
More Katrina coverage on AOL.com: Facts about the impact of Hurricane Katrina: New Orleans restaurants rebound post-Katrina. Over 70 countries donated money or other aid
Hurricane Katrina's winds and storm surge reached the Mississippi coastline on the morning of August 29, 2005, [2] [3] beginning a two-day path of destruction through central Mississippi; by 10 a.m. CDT on August 29, 2005, the eye of Katrina began traveling up the entire state, only slowing from hurricane-force winds at Meridian near 7 p.m. and ...