The entire Texas and Lousiana have been flooded from Hurricane Harvey brings continuous rain for 6 days. It is estimated that it has stalled a total of 27 trillions gallons of rain, the highest number of rainfall a tropical cyclone has ever bring in the history. It has wrecked a total loss of more than $70 – $90 billions according to AccuWeather and the total can be reach highest up to $190 billion. This cost estimate is the same as the combined costs of Hurricane Katrina and Sandy.
It is estimated that most of the damages have occurred on buildings that are not insured. All types of buildings in Texas and Louisiana such as factories, businesses, skyscrapers, and houses are damaged during Harvey. At least half a millions of vehicles have been damaged by the flood and their engines couldn’t start. This means that a lot of people are going to file for claims and get a large premium on their car insurance.
The oil industry is a leading industry in Texas and the flood has forced the largest oil refinery to shut down its operation. They did not give any news about when the refinery will resume operation. Because many oil refineries in Texas shut down, the gas prices have increased.
When Hurricane Harvey hit Texas, it is estimated that 56,000 emergency 911 calls have been made in the first 15 hours. As of Friday, 72,000 people have already been rescued from the flood and 14,000 members of the National Guard have already been activated. At least 450,000 people have sought FEMA for assistance and 30,000 people are currently living in shelter. More than 200,000 students have to postponed schools after classes are canceled.
If Hurricane Irma is to take place on Florida, it will surely wreck more costs because Florida’s coastline has a lot of luxury oceanfront properties and hotel buildings. Although Hurricane Harvey is already over in Texas and Lousiana, another hurricane called Hurricane Irma is going to sweep through Florida soon. Evacuation mandate has already been issued to Miami-Dad people and at least 650,000 people are now rushing to get out of Florida after hearing the news about the catastrophic Irma heading towards Florida.
The damages that Hurricane Irma will cost can reach up to $200 billions. The hurricane already passed through the Caribbean and it is estimated to have costs at least $5 billions in damages. Wind damage will be the damage that most people will claim after the hurricane because Irma’s powerful wind is sure to tear buildings and structures apart.
Hurricane Irma is the first hurricane to have hit South Florida even though locals in other parts of Florida are already familiar with hurricane warnings in the area. Many still remember how Hurricane Andrew, a category 5 hurricane, cause devastating impact in the land in 1992. Residents in Florida should be prepared to evacuate as time is running out and Irma is heading to the cost very soon.