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A look at economic destructions caused by hurricanes

Last updated on: November 5, 2012 08:29 IST

A look at economic destructions caused by hurricanes

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Superstorm Sandy is the latest hurricane to leave a trail of both human and economic devastation in the United States. But is it the most expensive hurricane in the world?

Let's take a look at some of the most expensive hurricanes to have ever hit the global economy.

Source: CNBC

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Image: A man carries his wife through the floodwaters in Hoboken, New Jersey.
Photographs: Gary Hershorn/Reuters

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Katrina

Year: 2005

Estimated losses: $46.59 billion

Date of storm: August 25-30, 2005

Areas affected: Alabama, Florida, Georgia, Louisiana, Mississippi and Tennessee

Global rank: 1

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Image: Men inspect damage to a beach club destroyed by Hurricane Sandy in Sea Bright, New Jersey.
Photographs: Lucas Jackson/Reuters

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A look at economic destructions caused by hurricanes

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Andrew

Year: 1992

Estimated losses: $22.93 billion

Date of storm: August 24-26, 1992

Areas affected: Florida and Louisiana

Global rank: 2

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Image: National Guard soldiers rescue people who were stranded in Mears, Virginia.
Photographs: Handout/Reuters

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A look at economic destructions caused by hurricanes

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Ike

Year: 2008

Estimated losses: $13.05 billion

Date of storm: September 12-14, 2008

Areas affected: Arkansas, Illiniois, Indiana, Kentucky, Louisiana, Missouri, Ohio, Pennsylvania and Texas

Global rank: 3

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Image: Neighbours Lucille Dwyer, right, and Linda Strong, left, embrace after looking through the wreckage of their homes devastated by fire and the effects of Hurricane Sandy in the Breezy Point section of the Queens borough of New York.
Photographs: Shannon Stapleton/Reuters

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Wilma

Year: 2005

Estimated losses: $11.67 billion

Date of storm: October 24, 2005

Areas affected: Florida

Global rank: 4

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Image: A house floats in the bay after it was washed from its foundation during Hurricane Sandy in Manotoloking, New Jersey.
Photographs: Steve Nesius/Reuters

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A look at economic destructions caused by hurricanes

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Charley

Year: 2004

Estimated losses: $8.75 billion

Date of storm: August 13-14, 2004

Areas affected: Florida, North Carolina and South Carolina

Global rank: 5

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Image: Pedestrians pass by a tree that was destroyed by Hurricane Sandy in Washington, DC.
Photographs: Gary Cameron/Reuters

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Ivan

Year: 2004

Estimated losses: $8.32 billion

Date of storm: September 15-21, 2004

Areas affected: Alabama, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia

Global rank: 6

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Image: The aerial view of the damage around Atlantic City, New Jersey, is seen in the aftermath of Hurricane Sandy.
Photographs: Doug Mills/Pool/Reuters

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Hugo

Year: 1989

Estimated losses: $6.83 billion

Date of storm: September 17-22, 1989

Areas affected: Georgia, North Carolina, Puerto Rico, South Carolina, Virginia and US Virgin Islands

Global rank: 7

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Image: Residents stand over vehicles which were submerged in a parking structure in the financial district of Lower Manhattan, New York.
Photographs: Adrees Latif/Reuters

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Rita

Year: 2004

Estimated losses: $6.37 billion

Date of storm: September 20-26, 2004

Areas affected: Alabama, Arkansas, Florida, Louisiana, Mississippi, Tennessee and Texas

Global rank: 8

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Image: Boats are seen in a yard, where they washed onto shore during Hurricane Sandy, near Monmouth Beach, New Jersey.
Photographs: Steve Nesius/Reuters

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Frances

Year: 2004

Estimated losses: $5.38 billion

Date of storm: September 3-9, 2004

Areas affected: Florida, Georgia, North Carolina, New York and South Carolina

Global rank: 9

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Image: Burnt houses are seen next to those which survived in Breezy Point, a neighbourhood located in the New York City borough of Queens.
Photographs: Adrees Latif/Reuters

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Irene

Year: 2011

Estimated losses: $4.30 billion

Date of storm: August 26-28, 2011

Areas affected: Connecticut, Delaware, Massachusetts, Maine, Maryland, North Carolina, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Virginia, Vermont and Washington, DC

Global rank: 10


Image: The remnants of a roller coast sits in the surf three days after Hurricane Sandy came ashore in Seaside Heights, New Jersey.
Photographs: Steve Nesius/Reuters

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