Hundreds of Billions
The damage estimate from Irma is about $100 billion. Together with Harvey, the total is approximately $290 billion, or 1.5 of a percentage point of the gross domestic product.*
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.