With total economic losses estimated to reach tens of billions of dollars at the minimum, Harvey is likely to become one of the costliest natural disasters on record, according to Aon Benfield’s catastrophe model development team Impact Forecasting.
Hurricane Harvey is likely to end up as one of the costliest natural disasters on record, with economic losses reaching tens of billions of dollars. The storm has already caused more than $180 billion in damage and killed at least 25 people since making landfall Friday night near Corpus Christi, Texas. The hurricane brought record-breaking rainfall and caused severe flooding across Texas and Louisiana, with the damage caused to Houston, the fourth largest city in the US, described as 'historic'.