The torrential downpour that caused massive flooding in parts of Dallas-Fort Worth Monday caused as much as $6 billion in damages and economic loss, according...
in parts of Dallas-Fort Worth Monday caused as much as $6 billion in damages and economic loss, according to an estimate from AccuWeather.Gov. Greg Abbott to sign a disaster declarationAccuWeather Chief Executive Joel N. Myers estimated the damages caused by the floods would range between $4.5 billion and $6 billion.
“Our estimate largely accounts for damage to homes, businesses, roadways and vehicles as well as power outages, which resulted in food spoilage that will be expensive to replace due to recent inflation,” Myers said in a prepared statement. “Flight and school cancellations and delays and significant delays to shipping and supply chain within one of the country’s major economic hubs were also contributing factors to the economic toll of the storm.
The estimated damages would make the flood one of the costliest storms in Texas in the past four decades, according to data from the Insurance Council of Texas. Hurricane Harvey caused an estimated $19 billion in damages in 2017 and Hurricane Ike caused an estimated $13.2 billion in 2008. Tropical Storm Allison caused an estimated $4.8 billion in 2001.
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