Hurricane Katrina - Aug. 29, 2005
The Atlantic storm that began as a category 1 hurricane as it blew across southern Florida wound up being the country's costliest tragedy. Katrina roared into the Louisiana coast with 125 mph sustained winds, causing a storm surge that broke levees that shielded New Orleans from surrounding, higher coastal waters, and leaving 80 percent of the city under water. Katrina killed at least 1,836 people and inflicted damages estimated at around $125 billion.
No mention that Hurricane Katrina made its landfall in Mississippi. No mention of the terrible and awesome storm surge that engulfed my once beautiful Mississippi Gulf Coast. No mention that 400,000 people, almost the same population as New Orleans, on the Mississippi Gulf Coast had their lives turned upside down. No mention that 238 of those who died in Hurricane Katrina were from the Mississippi Gulf Coast. No mention of the fact that as of 2006, $10 billion in insurance claims in Mississippi had been filed. Those figures do not include flood and wind pool claims. But based on the number of homes Katrina destroyed in Mississippi and the amount that can insured, another $2.5 - 5 billion could be added to just the insurance costs alone. Those insurance figures do not take into account the actual costs of rebuilding, just the amounts claimed.
As of 2006, $14 billion in Hurricane Katrina insurance claims had been filed in Louisiana.
I could find no clear cut figures for the economic impact of Hurricane Katrina in Mississippi but based on the insurance claims for both states, it is easy to conjucture that of the $150 billion economic impact of Katrina, between $45 billion(30%) and $67.5 billion(45%) was damage to Mississippi.
Missippi and Hurricane Katrina should not be relagated to the vague "Gulf Coast" or not even mentioned when discussing the top natural disasters to hit the US.