Hundreds of Billions
Hurricanes Maria and Irma had total costs of $90 billion and $50 billion, respectively. Hurricane Maria now ranks as the third costliest weather disaster on record for the nation, and Irma ranks as the fifth costliest.
In flood insurance payouts, Katrina (2005) led the way with 167,985. This amounted to $16 billion. The average paid loss was $97,140.
Over a dozen states were impacted by Hurricane Sandy in October 2012. Sandy caused $18.75 billion in insured property losses, excluding flood insurance claims. Estimates of insured losses for Hurricane Matthew (2016) range from $1.5 billion to $7 billion in the U.S.