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AccuWeather estimates Texas floods will cost at least $18 billion
The Hill Country tragedy could rank among the most expensive in recent state history.
The floods that devastated Texas’ Hill Country over the weekend will also result in a hefty economic toll, according to new data released Monday.
The natural disaster that killed at least 84 in Kerr County represents a total projected economic cost between $18 billion and $22 billion, a preliminary estimate from AccuWeather shows.
Along with immediate damage to homes and businesses, the cost of search and rescue operations is also likely to mount, the private forecasting company noted, while the disaster will also likely negatively impact everything from the area’s tourism industry to regional supply chains.
The estimate also includes predicted insurance claims and long-term physical and mental health costs for survivors, among other factors.
“This is the latest disaster in an area with a long and tragic history of deadly and destructive flash floods,” Jonathan Porter, AccuWeather’s chief meteorologist, said in a statement.
He added that damage “will have long-lasting economic impacts in the Hill Country region.”
The $18 billion forecast comes as analysts have also pointed to Texas’ unique susceptibility to the ravages of extreme weather. The Lone Star State leads the nation in property damage linked to natural disasters, according to ....
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A look at some of the worst floods in US history, from Hurricane Katrina to dam disasters
The devastation in Texas Hill Country isn't the first time Americans have mourned the victims of deadly floodwaters.
The devastating flooding in Texas Hill Country has shocked and scared the nation, with Americans from coast to coast waiting for news from ongoing rescue efforts.
Dozens of people have died – including young campers and counselors from an area summer camp – as floodwaters destroyed parts of central Texas. Unrelenting rain quickly changed the region's terrain: In Kerrville, Texas, a gauge measured the Guadalupe River's waters at less than a foot on July 3 to more than 34 feet in the early hours of July 4.
This was far from the first time Americans have mourned the victims of deadly floods. Here's what to know about some of the worst flooding events in American history, in order of most lives lost.
1889: The Johnstown Flood
The deadliest flood in the nation's history was caused by .....
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