29 August 2017 (Media Reports) Insurance pandats in the United States forecast huge claims from the Harvey Hurricane damages towards costs to repair homes and infrastructure. Chubb Ltd. (CB), Travelers Corp. (TRV) and other insurers could face as much as US$20 billion in losses warned by JPMorgan Chase & Co. TheStreet’s founder and Action Alerts PLUS portfolio manager Jim Cramer estimates around US$ 100 billion. Others on Wall Street also have big forecasts. Property damages from Tropical Storm Harvey “in the range of US$30 billion” could impede GDP growth in the third quarter of 2017, Goldman Sachs analysts said in a new note. Following are Five Costliest Hurricanes During 1980-2017 in USA Katrina US$ 160 Billion Sandy 70 Billion Andrew 48 Billion IKE 35 Billion Ivan 27 Billion
Harvey Hurricane Damages Touches US$100 Billion
About the Author
Editor and publisher Ashraf Siddiqui is a well known Qatar based journalist and a social worker. He has been in Arabian Gulf Peninsula over 4 decades and enjoys rich knowledge on Middle East affairs
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