However, the point is powerful. The previous “expensive” designation went to Hurricane Katrina in 2005. It nearly destroyed New Orleans, and did damage to several states along the Gulf of Mexico.

Hurricane Katrina has sent cars crashing around dealership lots and the surrounding areas, drowning an estimated 50-75 dealerships and sending dealers and their employees into refuge. Analysts ...

At the same time, Hurricane Katrina, currently the costliest natural ... The economic impact of these disasters extends beyond immediate property damage. Insurance companies spread their risk ...