Harvey Hurricane Damages Touches US$100 Billion

Harvey Hurricane Damages Touches US$100 Billion
Harvey Hurricane Damages Touches US$100 Billion
Harvey Hurricane Damages Touches US$100 Billion
Harvey Hurricane Damages Touches US$100 Billion
Harvey Hurricane Damages Touches US$100 Billion
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
/ Current Affairs

About the Author

M Ashraf Siddiqui

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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