Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Hurricane Irene damage bill as high as £6.3bn

The damage bill following Hurricane Irene could be as high as between $7bn (£4.4bn) and $10bn (£6.3bn), US risk management firm Kinetic Analysis Corporation said today.

A Kinetic Analysis Corporation spokesman said the proportion of the damage bill that accounts for flood damage could be as high as £627M.

Kinetic Analysis Corporation specialises in estimating the impact of natural and man-made hazards on the built environment. It estimated the damage value by totalling insured and uninsured physical damages, public and private spending on clean up operations, and unrecovered expenses for business interruption immediately after the storm.

The US National Oceanic and Atmospheric Administration said that prior to Hurricane Irene, the country had already suffered nine separate national disasters this year — including tornado outbreaks, intense heat waves, flooding, active hurricane seasons, and solar storms that threaten power and communication systems.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.

Related Jobs