Mounting Costs
Cost predictions for federal disaster relief and insurance claims related to Hurricane Katrina outstrip those of other major natural disasters in the United States.
| Event | Federal Disaster Relief | Insured Claims | Total Damage |
|---|---|---|---|
|
1989 Hurricane Hugo |
$1.3 billion | $4.2 billion | $9.0 billion |
|
1992 Hurricane Andrew |
$12.5 billion | $15.5 billion | $27.0 billion |
|
1993 Mississippi Flooding |
$4.4 billion | $0.3 billion | $21.0 billion |
|
1994 Los Angeles Earthquake |
$8.4 billion | $12.5 billion | $20+ billion |
|
2004 Hurricanes Charley, Francis, Ivan and Jeanne |
$13.5 billion | $24.5 billion | $41.5 billion |
|
2005 Hurricane Katrina (Estimate) |
$62.3 billion |
$15 billion to $60 billion |
$100 billion to $200 billion |
Source: Committee for a Responsible Federal Budget and MSNBC.com
NEXT STORY: On the Spot