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Hurricane Costs

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$125 billion Harvey

It is estimated that Hurricane Harvey had total costs of $125 billion—second only to Hurricane Katrina in the period of record, which had an approximate cost of $161 billion.

Vulnerable top 5
Hurricane costs thumbnail

In terms of insured U.S. coastal properties vulnerable to hurricanes, New York ranks number one with $2.92 trillion, followed by Florida ($2.86 trillion), Texas ($1.17 trillion), Massachusetts ($849 billion), and New Jersey ($713 billion).

$306.2 billion 2017

The cumulative cost of the 16 separate billion-dollar weather events in the U.S. in 2017 was $306.2 billion, breaking the previous cost record of $214.8 billion (2005).

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.

Hurricane Costs

Flood Payouts

In flood insurance payouts, Katrina (2005) led the way with 167,985. This amounted to $16 billion. The average paid loss was $97,140.

Hurricane Sandy

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.

Graphic with pie chart showing catastrophic insured losses from hurricanes from 1986-2015 totaling $515.4 billion in the United States
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