Netgain

The full economic impact of Hurricane Harvey has yet to be completely calculated, but financial experts all agree that Hurricane Harvey will go down in history as one of the most, if not the most, expensive natural disasters in the nation’s history.

Moody’s estimates that property losses will total between $45 billion to $65 billion, with economic losses adding another $6 billion to $10 billion. This $75 billion estimate would make Hurricane Harvey second to only Hurricane Katrina’s $118 billion price tag. Some reports estimate that the final price tag of Hurricane Harvey could reach $160 billion due to its massive impact on Houston, the nation’s fourth largest city.