Harvey likely to be costliest natural disaster for USA economy

Share

"We estimated that Hurricane Harvey is to be the costliest weather disaster in U.S. history at $190 billion or one full percentage point of the GDP".

US Health and Human Services Secretary Tom Price called Irma a "remarkably unsafe storm and the window to get yourself in the right spot.is closing rapidly".

The U.S. Federal Emergency Management Agency (FEMA) and the State of Texas will open three Disaster Recovery Centers in Houston area on Monday.

AccuWeather founder Dr. Joel Myers detailed the historic impact of the hurricanes, which are reportedly the first pair of Category 4 or higher storms to strike the US mainland in the same season.

Sanders' remarks come after Hurricane Irma, which struck Florida on Sunday, left more than 1.3 millionpeople in the state without power and caused at least 127,000 people to evacuate their homes, according to a count from the Associated Press.

AccuWeather: Economic Cost of Hurricanes Could be $290 BillionUSAgNet - 09/12/2017AccuWeather reports it has been a destructive and costly hurricane season, following the historic impacts from Hurricane Harvey and now Hurricane Irma.

However, Hurricane Irma has caused huge damage to Florida's agricultural industry, with estimates suggesting that the storm caused up to 30% losses on major crop yields such as these. "We estimated that Hurricane Harvey is to be the costliest weather disaster in USA history at $190 billion or one full percentage point of the GDP". On the contrary, Katrina was as expensive as both of Irma and Harvey combined.

Tropical Storm Warnings (crimson warning box) remain in effect as Irma moves northwest. Sea levels have been rising around the world, which makes storm surges much more unsafe. The weather forecasts have said that Florida could see about 20 inches of rain and massive winds as the weather deteriorates.

"These are storms of catastrophic severity", he said Monday.

The findings may not apply to large storms, such as Hurricanes Harvey and Irma, that do receive national attention - the study only examined extreme weather events that did not receive national coverage. It's expected to bring risky winds and flooding to areas as far north as Kentucky and West Virginia, even though its intensity is predicted to be downgraded to a tropical depression on Tuesday.

Share