Hurricane Andrew
Though Andrew was a small tropical cyclone for most of its lifespan, it caused extreme damage, especially in the Bahamas, Florida, and Louisiana. The vast majority of the damage was as a result of extremely high winds, although a few tornadoes spawned by Andrew caused considerable damage in Louisiana. Throughout the areas affected, almost 177,000 people were left homeless. Outside of the Bahamas, Florida, and Louisiana, effects were widespread, although damage was minimal. Overall, $27.3 billion in losses and 65 fatalities were attributed to Andrew, with some estimates ranging as high as $34 billion. Andrew was the costliest hurricane in U.S. history at the time, but is now seventh following hurricanes Katrina (2005), Ike (2008), Sandy (2012), Harvey (2017), Irma (2017), and Maria (2017).
Hurricane Harvey
In September 2017, the Insurance Council of Texas estimated the total insured losses from Hurricane Harvey at $19 billion. This figure represents $11 billion in flood losses insured by the National Flood Insurance Program (NFIP), $3 billion in "insured windstorm and other storm-related property losses"; and about $4.75 billion in insured flood losses of private and commercial vehicles. By January 1, 2018, payouts from the NFIP reached $7.6 billion against total estimated losses of $8.5–9.5 billion. Economists Michael Hicks and Mark Burton at Ball State University estimated damage in the Houston metropolitan area alone at $198.63 billion. Preliminary reporting from the National Oceanic and Atmospheric Administration set a more concrete total at $125 billion, making Harvey the 2nd costliest tropical cyclone on record, behind Hurricane Katrina with 2017 costs of $161 billion (after adjusting for inflation).