Katrina damage total updated to $81.2 billion

[Hurricanehink]

Per this website, http://www.weather.gov/om/assessments/pdfs/Katrina.pdf , Katrina's damage toll is now $81.2 billion, $6.2 billion higher than NHC's previous estimate of $75 billion.

[HouTXmetro]

Per this website, http://www.weather.gov/om/assessments/pdfs/Katrina.pdf , Katrina's damage toll is now $81.2 billion, $6.2 billion higher than NHC's previous estimate of $75 billion.

"Karina"

Is that you Laura?

[TSmith274]

Call me crazy, but I still think that's too low.

[Cyclenall]

Is there a reason for this?

I remember when the damage total kept getting higher and higher every day after Katrina. It went from 25 Billion, to 30 billion, to 60 billion, to 100 billion, to 125 billion and finally the last estimate was 200 billion! I could not believe it was that high, unreal. However, it came down to 75 billion and now it's $81 200 000 000 in total.

[storms in NC]

And just think there are alot that did not put up a clam. They are to proud to do so. I know many that didn't.

[HurricaneHunter914]

I'm still thinking around 100 billion dollars of damage.

[wxman57]

One problem with the damage estimates is that the common practice is to look at the total insured losses and double that value to approximate the total of insured/uninsured losses. I don't think that formula holds up for Katrina, as there were many more uninsured losses than is typical for a landfalling hurricane. I remember reading an article in one of the south Mississippi papers that estimated over 65,000 homes in Mississippi alone were destroyed, and that the damage estimate only in Mississippi was near $125 billion. Just about every structure along the Mississippi coast was destroyed by Katrina's surge.

I find it hard to believe that the damage estimate is "only" $81 billion. Too many uninsured people who were "above the surge zone/flood plain" lost their homes/businesses.

[Audrey2Katrina]

Call me crazy, but I still think that's too low.

You're not crazy, TSmith. I agree with you completely, based on comparative data with other storms adjusted to 2005 USD. Althought this study does say it's near 82 Billion now, and "could" well surpass 100 Billion by the time all is said and done... and that's where I believe the figure should wind up.

A2K

[Audrey2Katrina]

Is there a reason for this?

Yes... it takes a lot longer than a few months for all the final figures to roll in. There are still literally thousands of "insurance claims" (upon which it is based) still pending litigation. Look for the figure to go only up from there.

A2K

[Audrey2Katrina]

find it hard to believe that the damage estimate is "only" $81 billion. Too many uninsured people who were "above the surge zone/flood plain" lost their homes/businesses.

Wxman, I completely agree with you--it's NOT a realistic figure in light of what has actually happened; but I guess that in the final analysis, it'll at least get to the century mark... which will be a LOT closer to the mark than where it currently sits.

A2K

[mvtrucking]

Huge figure. Unbelievable, how much damage these storms can cause.

[Jim Cantore]

No doubt it will go up some more

I estimate between 95-125 billion

[Jim Cantore]

and that means I have to update my list of the 160 costliest Hurricanes in U.S history, Katrinas lead grows.

1. Katrina $81,200,000,000
2. Andrew $26,500,000,000
3. Wilma $16,800,000,000
4. Charley $15,700,000,000
5. Ivan $14,600,000,000
6. Rita $10,000,000,000
7. Frances $8,900,000,000
8. Hugo $7,000,000,000
9. Jeanne $6,900,000,000
10. Allison $5,000,000,000
11. Floyd $4,500,000,000
12. Isabel $3,370,000,000
13. Fran $3,200,000,000
14. Opal $3,000,000,000
15. Frederic $2,300,000,000
16. Dennis $2,230,000,000
17. Agnes $2,100,000,000
18. Alicia $2,000,000,000
19. Iniki $1,800,000,000
20. Bob $1,500,000,000
21. Juan $1,500,000,000
22. Camille $1,420,700,000
23. Betsy $1,420,500,000
24. Elena $1,250,000,000
25. Georges $1,155,000,000
26. Gloria $900,000,000
27. Lili $860,000,000
28. Diane $831,700,000
29. Bonnie $720,000,000
30. Kate $700,000,000
31. Erin $700,000,000
32. Irene $600,000,000
33. Allison $500,000,000
34. Alberto $500,000,000
35. Frances $500,000,000
36. Eloise $490,000,000
37. Carol $461,000,000
38. Isabel $459,000,000
39. Celia $450,000,000
40. Donna $400,000,000
41. Claudette $400,000,000
42. Gordon $400,000,000
43. Carla $325,000,000
44. David $320,000,000
45. Cindy $320,000,000
46. The Long Island Express $306,000,000
47. Dora $280,000,000
48. Bertha $270,000,000
49. Hazel $250,000,000
50. Isidore $250,000,000
51. Gabrielle $230,000,000
52. Beulah $217,000,000
53. Inez $200,000,000
54. Cleo $198,000,000
55. Claudette $180,000,000
56. Dennis $157,000,000
57. Carmen $152,000,000
58. Audrey $150,000,000
59. *Klaus $150,000,000
60. Doria $147,000,000
61. Gaston $130,000,000
62. Josephine $130,000,000
63. Hilda $126,000,000
64. Belle $100,000,000
65. The 1947 Fort Lauderdale Hurricane $110,000,000
66. San Felipe Lake Okeechobee Hurricane $100,000,000
67. The Great Atlantic Hurricane $100,000,000
68. The Great Miami Hurricane $100,000,000
69. Danny $100,000,000
70. Allen $100,000,000
71. Chantal $100,000,000
72. Danny $100,000,000
73. Earl $79,000,000
74. Beryl $73,000,000
75. Ophelia $70,000,000
76. Jerry $70,000,000
77. Diana $65,500,000
78. Storm 9 1945 $60,000,000
79. Bret $60,000,000
80. Arlene $55,000,000
81. Storm 2 1949 $52,000,000
82. Connie $50,000,000
83. The Great Galveston Hurricane $50,000,000
84. Charley $50,000,000
85. Bill $50,000,000
86. Jerry $46,900,000
87. Edna $40,000,000
88. Emily $35,000,000
89. King $30,000,000
90. Tammy $30,000,000
91. Barry $30,000,000
92. Flossy $25,000,000
93. The Atlantic Gulf Hurricane $22,000,000
94. Isbell $30,000,000
95. Storm 8 1947 $23,000,000
96. Bob $20,000,000
97. Mitch $20,000,000
98. Amelia $20,000,000
99. Hanna $20,000,000
100. Storm 5 1945 $20,000,000
101. Gladys $18,000,000
102. Storm 8 1948 $18,000,000
103. Storm 8 1948 $18,000,000
104. 1943 Surprise Hurricane $17,000,000
105. Dennis $15,000,000
106. Harvey $15,000,000
107. Gracie $14,000,000
108. New Orleans Hurricane of 1915 $13,000,000
109. Cindy $12,500,000
110. Storm 7 1948 $12,000,000
111. Arlene $11,400,000
112. Helene $11,000,000
113. Gordon $10,800,000
114. Alma $10,000,000
115. Ginger $10,000,000
116. Tampa Bay Hurricane of 1921 $10,000,000
117. Daisy $10,000,000
118. Babe $10,000,000
119. Sanibel Island Hurricane of 1944 $10,000,000
120. Elena $10,000,000
121. Unnamed 1987 $7,400,000
122. The Vegabond Hurricane $7,000,000
123. Storm 2 1932 $7,000,000
124. Debra $7,000,000
125. Storm 2 1941 $7,000,000
126. Storm 10 1949 $6,700,000
127. The Labor Day Hurricane $6,000,000
128. Esther $6,000,000
129. Storm 5 1946 $5,200,000
130. Alex $5,000,000
131. Chenier Caminanda Hurricane $5,000,000
132. The Grand Isle Hurricane: $5,000,000
133. Kyle $5,000,000
134. Fay $4,500,000
135. Greta $3,600,000
136. Edouard $3,500,000
137. Nova Scotia Hurricane of 1873 $3,500,000
138. Easy $3,300,000
139. Dog $3,000,000
140. Beryl $3,000,000
141. Keith $3,000,000
142. Georgia-South Carolina Hurricane of 1940 $3,000,000
143. Storm 1 1916 $3,000,000
144. Candy $2,700,000
145. Florence $2,500,000
146. Storm 5 1906 $2,120,000
147. Allison $2,000,000
148. Storm 3 1944 $2,000,000
149. Gale of 1878 $2,000,000
150. Bonnie $2,000,000
151. Chris $2,000,000
152. Storm 1 1947 $2,000,000
153. Storm 4 1916 $1,800,000
154. Storm 2 1940 $1,700,000
155. 1959 Escuminac Hurricane $1,656,000
156. Bonnie $1,270,000
157. Charley $1,015,000
158. Ethel $1,000,000
159. Storm 4 1901 $1,000,000
160. Storm 2 1904 $1,000,000

[HurricaneHunter914]

Wilma's I think is around 16.8 Billion Dollars in damgae.

[Derek Ortt]

a 3 to 1 ratio probably should have been used, as was used during Floyd, to account for the massive flood damage

[Jim Cantore]

a 3 to 1 ratio probably should have been used, as was used during Floyd, to account for the massive flood damage

ratio from Insured damage?

[TSmith274]

I question the total because while driving around New Orleans, you see literally thousands of homes that have not even been touched yet. Thousands of homes that, apparently, haven't even been seen by their owners. It goes on for miles and miles. Not only that, but simple things... like the Orleans Sewerage & Water Board's infrastructure that was shredded by the weight of the flood waters. Thousands of water line breaks that they can't even put a pricetag on yet. It alone is in the billions. Let's check back on this in a few years. It'll be well over $100Billion.

[AussieMark]

a 3 to 1 ratio probably should have been used, as was used during Floyd, to account for the massive flood damage

I concur

n the United States, the Property Claims Services Division of the Insurance Services Office reports that insured losses due to Floyd totaled 1.325 billion dollars. Ordinarily this figure would be doubled to estimate the total damage. However, in comparison to most hurricane landfalls, in the case of Floyd there was an inordinately large amount of freshwater flood damage, which probably alters the two to one damage ratio.

Damage ended up being around 4.5 Billion.

The Ratio was around 3.4 * the insured figure in that case

I thought they would of attributed similar to Katrina