The torrential downpour that caused massive flooding in parts of Dallas-Fort Worth Monday caused as much as $6 billion in damages and economic loss, according...
in parts of Dallas-Fort Worth Monday caused as much as $6 billion in damages and economic loss, according to an estimate from AccuWeather.Gov. Greg Abbott to sign a disaster declarationAccuWeather Chief Executive Joel N. Myers estimated the damages caused by the floods would range between $4.5 billion and $6 billion.
“Our estimate largely accounts for damage to homes, businesses, roadways and vehicles as well as power outages, which resulted in food spoilage that will be expensive to replace due to recent inflation,” Myers said in a prepared statement. “Flight and school cancellations and delays and significant delays to shipping and supply chain within one of the country’s major economic hubs were also contributing factors to the economic toll of the storm.
The estimated damages would make the flood one of the costliest storms in Texas in the past four decades, according to data from the Insurance Council of Texas. Hurricane Harvey caused an estimated $19 billion in damages in 2017 and Hurricane Ike caused an estimated $13.2 billion in 2008. Tropical Storm Allison caused an estimated $4.8 billion in 2001.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Dallas treasure' Allie Beth Allman honored for lifetime of achievement - Dallas Business JournalIn his introduction of Allie Beth Allman, NFL Hall of Famer and ESPN broadcaster Troy Aikman called her “a Dallas treasure,” who represents “A Who’s Who list of clients.”
Read more »
Abandoned high-rise hotel catches fire DallasFirefighters worked to put out a fire on the 12th floor of an abandoned hotel in Dallas Thursday morning.
Read more »
H-E-B brings its quest for the best Texas-made products to Dallas’ Fair ParkFinalists included brothers Brent and Juan Reaves of Dallas' Smokey John’s BBQ and their bottled rub.
Read more »
A corporate name change shows how important Dallas-based Topgolf is to Callaway’s brandThe California-based golf equipment and apparel company will soon give Topgolf top billing.
Read more »
Dallas May Put $1 Million into Expanding Available Homeless Shelter Space Through HotelsHomeless providers have been using hotels to address overflow at local shelters. Now, the city might throw in some of its money to help pay for the hotel bills.
Read more »
FC Dallas and H-E-B announce new partnershipThe grocer will be the presenting partner of FC Dallas' match against Real Salt Lake on Aug. 27 during the club's inaugural Nonprofit Night.
Read more »