Katrina Cost Estimates at $100B
Current estimates for the cost of Katrina have topped $100 billion, which would make it the costliest storm to ever hit the United States.
Risk Management Solutions said the economic impact includes damages from high winds and the coastal surge caused by Katrina as well as the flooding in New Orleans after levees around the city were swamped by the storm.
More than 150,000 properties have been flooded, the firm estimated, surpassing the record 137,000 set in 1927 from flooding and levee failures on the lower Mississippi River.
Source: CNN Money.
There are currently no comments on this thread.