Henri losses may reach $4 billion as heavy rains trigger floods
The Peninsula
Flooding from Tropical Storm Henri may cause as much as $4 billion in losses after drenching the U.S. Northeast with record rainfall.
Most of the amount will be due to materials and labor needed to repair damaged homes and businesses, as well as economic losses tied to power outages, according to Chuck Watson, a disaster modeler with Enki Research. The final figure won’t be available for months, and he said losses will probably be closer to $1 billion to $3 billion. "Henri was not at all like a traditional hurricane,” Watson said Tuesday in an interview. "This was basically an extended rainfall event, with a little wind thrown in.”More Related News