Hurricane Ike among most costly on record
Hurricane Ike’s estimated losses of $US9.8 billion ($12.6 billion) have put the catastrophe on track to be the fourth most expensive storm in US history.
Category two Hurricane Ike struck the Galveston area of Texas on September 13, producing over 200,000 insurance claims in Texas, Louisiana and adjoining states.
The New York-based Insurance Information Institute (III) says Ike will probably pass the $US8.2 billion ($10.5 billion) cost of Hurricane Charley of 2004.
Nine of the 11 most expensive hurricanes in US history have occurred in the past four years.
Hurricane Katrina is easily the most devastating storm on record causing $US43.6 billion ($56 billion) of insured losses when it inundated New Orleans three years ago.
Category two Hurricane Ike struck the Galveston area of Texas on September 13, producing over 200,000 insurance claims in Texas, Louisiana and adjoining states.
The New York-based Insurance Information Institute (III) says Ike will probably pass the $US8.2 billion ($10.5 billion) cost of Hurricane Charley of 2004.
Nine of the 11 most expensive hurricanes in US history have occurred in the past four years.
Hurricane Katrina is easily the most devastating storm on record causing $US43.6 billion ($56 billion) of insured losses when it inundated New Orleans three years ago.