October 30, 2012
Sandy’s Damage So Far: More than $20 Billion The economic wreckage from Hurricane Sandy will likely total more than $20 billion, according to a research outfit quoted in Bloomberg this morning. Kinetic Analysis Corp.’s Charles Watson told the outlet that the majority of that cost will fall on cities and states as they rebuild damaged infrastructure.  Those figures will surely evolve as authorities get a better handle on the extent of the storm’s toll. But to put the losses in some perspective, Hurricane Katrina left behind nearly $100 billion in total property damage. The nine other most destructive hurricanes in U.S. history each left behind between $9 billion and $30 billion in destruction.  Read more. [Image: Reuters]

Sandy’s Damage So Far: More than $20 Billion

The economic wreckage from Hurricane Sandy will likely total more than $20 billion, according to a research outfit quoted in Bloomberg this morning. Kinetic Analysis Corp.’s Charles Watson told the outlet that the majority of that cost will fall on cities and states as they rebuild damaged infrastructure. 

Those figures will surely evolve as authorities get a better handle on the extent of the storm’s toll. But to put the losses in some perspective, Hurricane Katrina left behind nearly $100 billion in total property damage. The nine other most destructive hurricanes in U.S. history each left behind between $9 billion and $30 billion in destruction. 

Read more. [Image: Reuters]

4:35pm
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Filed under: Sandy Weather Economics Budget Disaster relief 
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  3. kpgipper22 reblogged this from theatlantic and added:
    Please be praying for the east coast! I can’t imagine going through this…
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  8. s3t reblogged this from theatlantic and added:
    big ups to all the first responders and NGO’s for aiding during this natural disaster.
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    Help out - volunteer your time or donate blood through your local Red Cross or other disaster relief organization,...
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