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In 2005, the year of Hurricane Katrina, the estimated damage from storms in the United States was $121 billion.
At least 25 homes were destroyed and 200 damaged, according to Wisconsin Emergency Management, which put the estimated damage at $19.6 million.
So the estimated damage to the structure itself is an upper limit, "the worst thing that could happen in terms of the results," Mr. Levy said.
The estimated damage was $15,000, including two surveillance cameras shot out with a pellet gun, ruined door locks, tarred windows and a gloppy mess of syrup and candy covering the front steps.
Less than 1% of the estimated damage from the recent earthquakes in Nepal, for instance, was covered by an insurance policy, compared to 80% in the Christchurch earthquake, according to Swiss Re, a reinsurer.
The probability of discovery is low enough and the estimated damage too great; therefore we find a way to quietly and quickly reverse, unwind, write down these positions/transactions. 2. The probability of discovery is too great, the estimated damages to the company too great; therefore, we must quantify, develop damage containment plans and disclose.
Similar(45)
Bosses are routinely sent to jail, and their companies can be forced to pay fines equal to three times the estimated damages.
The estimated damages are also reality-conform.
Owner cites a liquidated damages amount to cover the estimated damages that will be sustained if the Project is completed late.
Still, the estimated damages from Hurricane Katrina, at $130 billion, dwarfs Harvey.
Fifty-two percent of the estimated damages arises from health-related damages from the combustion of coal for electricity; 47% stems from the combustion of liquid fuels for transport.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com