Harvey Costs Projected to Rise to $42 Billion
- Enki’s Watson boosts his estimate from $30 billion on Monday
- Extensive damage seen for drainage, flood-control systems
Insurers Expect $10 Billion in Harvey Losses
This article is for subscribers only.
Estimates for damages caused by Hurricane Harvey are climbing with the storm poised to regain strength in the Gulf of Mexico before crashing back on land.
Risk modeler Chuck Watson of Enki Research on Tuesday lifted his projection for economic losses to $42 billion, up about $12 billion from Monday.