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Posts Tagged ‘gustav insured losses’

Gustav spares New Orleans levees

Posted by feww on September 2, 2008

Insured losses could still reach $10 billion

Hurricane Gustav slammed ashore near Cocodrie, Louisiana, about 115 km southwest of New Orleans on Monday.

Gustav weakened to a Category 2 hurricane with 177 kph winds [just 1kph shy of a category 3 hurricane on the Saffir-Simpson Hurricane Scale] before landfall and as it moved inland weakened to a Category 1 hurricane with 130 kph winds.


A street at a railroad crossing near the Inner Harbor Navigational Canal is flooded as Hurricane Gustav hits New Orleans, September 1, 2008. REUTERS/Lee Celano. Image may be subject to copyright.

Weaker than Katerina on landfall, Gustav spared the levees which were breached by Katrina in 2005 flooding the city killing about 1800 and stranding hundreds of thousands of people.

About six inches of water flooded streets around New Orleans Industrial Canal, and strong winds knocked down trees, but no substantial damage has yet been reported.


In case you wondered what Gustav looked liked! –  Clouds looming over New Orleans looked like a scene right out of “Independence Day.” (Stephen Morton/Getty Images). Image may be subject to copyright.

It is  estimated that Gustav’s insured losses could reach $10 billion. Katrina’s insured losses were reported at about $40 billion and total damage was more than $81.2 billion [2005 dollars.]

Gustav seemed to have caused more damage in the Caribbeans while near full strength. It killed a total of about 100 people in the Dominican Republic, Haiti, Jamaica and Cuba. According to Cuban authorities more than 90,000 houses were damaged or destroyed by Gustav. Reuters reported.

As Gustav swept inland over the United States, tropical storm Hanna strengthened to a hurricane near the Bahamas, and Tropical Storm Ike formed in the Atlantic Ocean.

Click here for Gustav’s latest image.

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