Hurricane Gustav Damage Second to Katrina

^{Hurricane Gustav runs ship aground (Credit: Chris Graythen /Getty Images)}

Read More...

Hurricane Gustav knocked three ships loose from their moorings, but did not cause the same level of damage as Hurricane Katrina:

• Preliminary insurance estimates are at $10 billion, not $41 billion.
• Electrical outages reached 825,000, second to Katrina's 1.1 million.
• Over 80 percent of the city isn't flooded.

(Source: BusinessWeek, Damage done, but Hurricane Gustav was no Katrina, September 2, 2008)

Related Articles

• Could Hurricane Gustav Cause a Recession?
• How Does Global Warming Affect the U.S. Economy?
• How Much Did Hurricane Katrina Damage the U.S. Economy?