
        <!doctype html>
        <html xmlns:og="http://ogp.me/ns#" lang="en">
            <head>
                <meta charset="utf-8">
                <meta name="viewport" content="width=device-width,initial-scale=1">
                <link href="/manifest.json" rel="manifest">
                <script type="application/ld+json">
        {"@context":"http://schema.org","@type":"NewsArticle","author":[{"@type":"Person","name":"Sonali Basak"}],"dateCreated":"2017-08-27T22:53:15.601Z","dateModified":"2017-08-28T16:44:15.908Z","datePublished":"2017-08-27T22:53:15.601Z","description":"Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates.","headline":"Harvey Costs Seen at Catastrophic Levels With Many Uninsured","image":{"@type":"ImageObject","url":"https://assets.bwbx.io/s3/javelin/public/javelin/images/social-default-a4f15fa7ee.jpg","width":1200,"height":630},"mainEntityOfPage":"https://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured","publisher":{"@type":"Organization","name":"Bloomberg","logo":{"@type":"ImageObject","url":"https://assets.bwbx.io/s3/javelin/public/javelin/images/bloomberg-logo-amp-e995e81f26.png","width":262,"height":60}}}
    </script>
                
        <link href="https://assets.bwbx.io" rel="preconnect" crossorigin>
        <link href="https://www.bbthat.com" rel="preconnect" crossorigin>
        <link href="https://nav.bloomberg.com" rel="preconnect" crossorigin>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/experiments/experiments-b742eff134.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/navAB/navAB-1081bacc3a.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                <link rel="stylesheet" type="text/css" href="https://assets.bwbx.io/font-service/css/BWHaasText-55Roman,BWHaasHead-55Roman,BWHaasHead-56Italic,BWHaasHead-75Bold,BWHaasHead-95Black,TiemposTextWeb-Regular,TiemposTextWeb-RegularItalic,TiemposHeadlineWeb-Bold,AvenirNext-Demi,supriasans-regular-web,supriasans-black-web,PublicoText-Roman-Web,PublicoText-Italic-Web,PublicoText-Bold-Web,Bloomberg Logotypes-Medium/font-face.css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/application/application-08d1bf1521.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/font-service/css/Bloomberg,BWHaasText-55Roman,BWHaasHead-75Bold,BWHaasHead-95Black,AvenirNext-Demi/font-face.css" media="all" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://nav.bloomberg.com/public/stylesheets/bb-global-nav-f7134e6769.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://www.bbthat.com/assets/v1.4.0/that.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/abstract/abstract-762d163070.css" media="all" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/author_tout/author_tout-c6e448ba2b.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/author_tout/author_tout-e273b6df99.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/author_details/author_details-f6d8baf35e.css" media="all" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/body-cfa9f847b6.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/newsletter_tout-7104a5317e.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/outstream_ad-c21b3ed6be.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/body-75cdc2b544.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/in_article_ad-238ed3378a.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/body-5d67f9f853.large_desktop.css" media="(min-width:1281px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/body-e886f59cb3.tablet-desktop.css" media="(min-width:761px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/mobile_ads-10915d4c59.tablet-desktop.css" media="(min-width:761px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/body-b820c41d19.tablet.css" media="(min-width:761px) and (max-width:1020px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/in_article_ad-302586dffe.tablet.css" media="(min-width:761px) and (max-width:1020px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/in_article_ad-b789d79511.mobile-tablet.css" media="(max-width:1020px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/body-6689773bd7.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/in_article_ad-a8500fe5ea.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/mobile_ads-95f94f08a6.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/body/basic/newsletter_tout-12eaa8fd13.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/charts/charts-9cc89e34a6.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/charts/charts-2a9dffa69a.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/charts/charts-6724cab530.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/video/video-ada3b27501.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/video/video-d88c002e2c.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/video/video-36691f1d24.large_desktop.css" media="(min-width:1281px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/video/video-86bf2ad2f7.tablet.css" media="(min-width:761px) and (max-width:1020px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/video/video-b10ee21246.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/text_only/text_only-e169350d35.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/text_only/text_only-2feccae3d6.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/text_only/text_only-6a33ad34f5.small_desktop.css" media="(min-width:1021px) and (max-width:1280px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/text_only/text_only-b17a45ed53.large_desktop.css" media="(min-width:1281px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/text_only/text_only-13bc91fa5b.tablet.css" media="(min-width:761px) and (max-width:1020px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ledes/basic/text_only/text_only-5763675d95.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/recirc/recirc-f69a644ec7.css" media="all" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/sticky_video/sticky_video-abccaf05bd.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ads/terminal_tout/terminal_tout-f96d849049.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ads/terminal_tout/terminal_tout-b55b132f21.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ads/secure_tip_tout/secure_tip_tout-0250568d0e.css" media="all" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/themes/markets/markets-0f71177bc0.css" media="all" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/recirc/recirc-f69a644ec7.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/nav/bb/nav-e804800f4a.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/image_viewer/image_viewer-d6c4cb4d6d.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/image_viewer/image_viewer-44ae116396.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/image_viewer/image_viewer-90a9b24409.mobile-tablet.css" media="(max-width:1020px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/image_viewer/image_viewer-0e5ec91ea4.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/breaking_news_placeholder/breaking_news-07c1b1eccf.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/layout/basic/basic-19331a57e5.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/layout/basic/basic-e57e2909c7.desktop.css" media="(min-width:1021px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/layout/basic/basic-feab898b86.small_desktop.css" media="(min-width:1021px) and (max-width:1280px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/layout/basic/basic-a69847c3fa.large_desktop.css" media="(min-width:1281px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/layout/basic/basic-3728b26bcb.tablet.css" media="(min-width:761px) and (max-width:1020px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/layout/basic/basic-80068e7b37.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/pianola/pianola_css-b3b06f00e4.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ads/leaderboard/leaderboard-f7160e7776.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ads/leaderboard/leaderboard-290beb4fc2.tablet-desktop.css" media="(min-width:761px)" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/ads/native/native-15685ecbee.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/lazy_images/lazy_image-7dc0452705.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/truste/truste-5a6952f5b8.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/truste/truste-323c682892.small_desktop.css" media="(min-width:1021px) and (max-width:1280px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/truste/truste-5679a9f67c.large_desktop.css" media="(min-width:1281px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/truste/truste-932ba91b49.tablet.css" media="(min-width:761px) and (max-width:1020px)" property="stylesheet" rel="stylesheet" type="text/css">
<link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/components/truste/truste-53c717658f.mobile.css" media="(max-width:760px)" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/font-service/css/Bloomberg/font-face.css" media="all" property="stylesheet" rel="stylesheet" type="text/css"><link href="https://nav.bloomberg.com/public/stylesheets/bb-global-footer-af4496cb6b.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/unsupportedBrowserMessage/unsupportedBrowserMessage-ce08ced21c.css" media="all" property="stylesheet" rel="stylesheet" type="text/css">
                <link href="https://assets.bwbx.io/s3/javelin/public/javelin/css/print/print-ffa68fd905.css" media="print" property="stylesheet" rel="stylesheet" type="text/css">
                
        <title>Harvey Costs Seen at Catastrophic Levels With Many Uninsured - Bloomberg</title>
        <link rel="canonical" href="https://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured">
        <meta name="description" content="Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates.">
        <meta name="iso-8601-publish-date" content="2017-08-27T22:53:15.601Z">
        <meta name="checksum" content="470bcb58463e061c62a1b8689d7de9a7">
        <meta name="validatedAt" content="2018-02-14T11:41:10.127Z">
        <meta name="referrer" content="unsafe-url">
        <meta name="referrer" content="always">
        <meta property="al:android:url" content="bloomberg://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured?utm_medium=applink&utm_source=facebook">
        <meta property="al:android:package" content="com.bloomberg.android.plus">
        <meta property="al:android:app_name" content="Bloomberg">
        <meta property="og:description" content="Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates.">
        <meta property="og:image" content="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqCYsmbNnXSw/v0/1200x800.jpg">
        <meta property="og:site_name" content="Bloomberg.com">
        <meta property="og:title" content="Harvey Costs Seen at Catastrophic Levels With Many Uninsured">
        <meta property="og:type" content="article">
        <meta property="og:url" content="https://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured">
        <meta name="fb:status" content="Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates.">
        <meta name="twitter:card" content="summary">
        <meta name="twitter:description" content="Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates.">
        <meta name="twitter:image" content="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqCYsmbNnXSw/v0/1200x800.jpg">
        <meta name="twitter:site" content="@markets">
        <meta name="twitter:title" content="Harvey Costs Seen at Catastrophic Levels With Many Uninsured">
        <meta name="parsely-title" content="Harvey Costs Seen at Catastrophic Levels With Many Uninsured">
        <meta name="parsely-link" content="https://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured">
        <meta name="parsely-type" content="post">
        <meta name="parsely-image-url" content="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqCYsmbNnXSw/v0/1200x800.jpg">
        <meta name="parsely-pub-date" content="2017-08-27T22:53:15.601Z">
        <meta name="parsely-section" content="markets">
        <meta name="parsely-tags" content="Insurance Industry,Texas,Houston,Chuck Watson,S&P 500 INDEX,AON PLC,Labor Force,Transportation,Credit Cards,Bonds,Secondary Brand: markets,Region: Global,Page: article">
        <meta name="parsely-post-id" content="OVD37E6S972801">
        <meta name="parsely-author" content="Sonali Basak">
        
        <script type="text/javascript">
            (function(w) {
                w.dataLayer = w.dataLayer || [];
                w.dataLayer.push({"adcode":"business/insights/personal-finance/article","author":"Sonali Basak","publishedAt":"2017-08-27T22:53:15.601Z","storyId":"OVD37E6S972801","contentType":"content-article","pageType":"content","template":"javelin-article-html","topic":"Insurance Industry","attributor":"bn","brand":"markets","secondaryBrands":"markets","franchise":null,"categories":"personal-finance","transporter":"false","refresh":"false","headline":"Harvey Costs Seen at Catastrophic Levels With Many Uninsured","slug":"2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured","tags":"Insurance Industry,Texas,Houston,Chuck Watson,S&P 500 INDEX,AON PLC,Labor Force,Transportation,Credit Cards,Bonds,markets"});
            })(window);
        </script>
    
        
    <link rel="icon"
        type="image/png"
        href="https://assets.bwbx.io/s3/javelin/public/javelin/images/favicon-markets-10a5670e77.png">
    
    
                <link rel="amphtml" href="https://www.bloomberg.com/amp/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured" />
                
        <meta name="viewport" content="width=device-width, initial-scale=1">
        <meta name="apple-mobile-web-app-capable" content="no">
        <meta name="apple-mobile-web-app-status-bar-style" content="black">
        <meta name="apple-itunes-app" content="app-id=281941097, affiliate-data=ct=smartbanner_mobileweb&pt=8949&utm_source=smart_banner">
    
                
        <meta name="sailthru.title" content="Harvey Costs Seen at Catastrophic Levels With Many Uninsured">
        <meta name="sailthru.author" content="Sonali Basak">
        <meta name="sailthru.tags" content="Insurance Industry,Texas,Houston,Chuck Watson,S&P 500 INDEX,AON PLC,Labor Force,Transportation,Credit Cards,Bonds,markets">
        <meta name="keywords" content="Insurance Industry,Texas,Houston,Chuck Watson,S&P 500 INDEX,AON PLC,Labor Force,Transportation,Credit Cards,Bonds,markets">
        <meta name="sailthru.description" content="Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates.">
        <meta name="sailthru.date" content="2017-08-27T22:53:15.601Z">
    
                <script>!function(){if(!(Math.random()>.1||window.BOOMR&&window.BOOMR.version)){var e,t,n,o=document.createElement("iframe"),a=window;a.addEventListener?a.addEventListener("load",i,!1):a.attachEvent&&a.attachEvent("onload",i),o.src="javascript:void(0)",o.title="",o.role="presentation",(o.frameElement||o).style.cssText="width:0;height:0;border:0;display:none;",(n=document.getElementsByTagName("script")[0]).parentNode.insertBefore(o,n);try{t=o.contentWindow.document}catch(n){e=document.domain,o.src="javascript:var d=document.open();d.domain='"+e+"';void(0);",t=o.contentWindow.document}t.open()._l=function(){var t=this.createElement("script");e&&(this.domain=e),t.id="boomr-if-as",t.src="https://s.go-mpulse.net/boomerang/T6PPY-X9KZV-8VZ6F-7N5GB-F8ELN",BOOMR_lstart=(new Date).getTime(),this.body.appendChild(t)},t.write('<body onload="document._l();">'),t.close()}function i(e){a.BOOMR_onload=e&&e.timeStamp||(new Date).getTime()}}();</script>
            </head>
            <body data-theme="markets" data-type="article">
                
                <script type="text/javascript">window.__bloomberg__=window.__bloomberg__||{};window.__bloomberg__.environment={"naviBucketEnabled":true,"playlistPlayerEnabled":true,"psznTrackingUrl":"https://tracking.bloomberg.com/images/tracking-pixel.gif","psznRecommendationUrl":"https://personalization.bloomberg.com","tickerToutEnabled":false,"tickerToutUrl":"https://www.bloomberg.com/markets/modules/datastrip?version=2","videoPlayerUrl":"https://cdn.gotraffic.net/projector/latest/bplayer.js"};</script>
                <script src="https://assets.bwbx.io/s3/javelin/public/javelin/js/eventBus/eventBus-e310813a6a.sync.js" type="text/javascript"></script>
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/pwa/pwa-fa16a7fd08.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/optIn/optIn-f01d5cdb7f.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            (function () {
                if(typeof window.CustomEvent === "function") return false;
                function CustomEvent(event, p) {
                    p = p || {bubbles: false, cancelable: false, detail: undefined};
                    var e = document.createEvent("CustomEvent");
                    e.initCustomEvent(event, p.bubbles, p.cancelable, p.detail);
                    return e;
                }
                CustomEvent.prototype = window.Event.prototype;
                window.CustomEvent = CustomEvent;
            })();
        </script>
    
                
        <script type="text/javascript">
            window.__bloomberg__.ads = {};
            window.__bloomberg__.ads.queue = [];

            window.__bloomberg__.ads.enqueue = function(id) {
                if (window.__bloomberg__.ads.render) {
                    return window.__bloomberg__.ads.render(id);
                }
                window.__bloomberg__.ads.queue.push(id);
            };
        </script>
    
                
    <div class="leaderboard-container">
        <div id="leaderboard-P2dKIl7" class="leaderboard" data-position="leaderboard">
            <script type="text/javascript">
                window.__bloomberg__.ads.enqueue("leaderboard-P2dKIl7");
            </script>
            <script class="params" type="application/json">{"contentId":"OVD37E6S972801","position":"leaderboard","dimensions":{"large_desktop":[[728,90],[970,250],[5,16],[1,1]],"small_desktop":[[728,90],[970,250],[5,16],[1,1]],"tablet":[[728,90],[5,16],[1,1]],"mobile":[[5,16],[1,1]]},"strategy":"always","type":"Top Leaderboard Ad","positionIncrement":1,"targeting":{"position":"leaderboard","positionIncrement":1,"url":"/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured"},"containerId":"leaderboard-P2dKIl7"}</script>
            <div class="leaderboard-ad-dummy"></div>
        </div>
    </div>
    
                
        <div class="truste">
            <div id="consent_blackbar"></div>
        </div>
    
                <style>
@font-face {
    font-family: 'AvenirNextPForBBG-Regular';
    
    
    src: url('https://assets.bwbx.io/font-service/fonts/AvenirNextPForBBG-Regular-09359fef74.woff2') format('woff2'),
         url('https://assets.bwbx.io/font-service/fonts/AvenirNextPForBBG-Regular-91967b382a.woff') format('woff');
}

@font-face {
    font-family: 'AvenirNextPForBBG-Demi';
    
    
    src: url('https://assets.bwbx.io/font-service/fonts/AvenirNextPForBBG-Demi-62597c630e.woff2') format('woff2'),
         url('https://assets.bwbx.io/font-service/fonts/AvenirNextPForBBG-Demi-d7e488b711.woff') format('woff');
}
#bb-that a{text-decoration:none}#bb-that .bb-that__sitemap{overflow:hidden;position:relative}#bb-that .bb-that__sitemap{max-height:0;-webkit-transition:max-height 0.6s ease-in-out;-o-transition:max-height 0.6s ease-in-out;transition:max-height 0.6s ease-in-out}#bb-that{background:#000;position:relative}@media (max-width: 759px){#bb-that{display:none}}#bb-that .bb-that--container{margin:0 auto;padding:0 30px;box-sizing:content-box}@media (min-width: 1020px){#bb-that .bb-that--container{padding:0}}#bb-that .bb-that--container:before,#bb-that .bb-that--container:after{content:" ";display:table}#bb-that .bb-that--container:after{clear:both}@media (min-width: 760px){#bb-that .bb-that--container{width:680px}}@media (min-width: 1020px){#bb-that .bb-that--container{width:980px}}@media (min-width: 1280px){#bb-that .bb-that--container{width:1160px}}#bb-that .bb-that-header{font-family:"AvenirNextPForBBG-Demi","Helvetica Neue",Helvetica,Arial,sans-serif;font-size:15px;line-height:30px;padding:15px}@media (min-width: 760px){#bb-that .bb-that-header{font-family:"AvenirNextPForBBG-Demi","Helvetica Neue",Helvetica,Arial,sans-serif;font-size:12px;height:30px;padding:0}}#bb-that .bb-that-header__link{position:relative;display:block}@media (min-width: 760px){#bb-that .bb-that-header__link{display:inline-block;padding:0 12px}}#bb-that .bb-that-header__link,#bb-that .bb-that-header__link>span{color:#f3f4ef;font-family:inherit;font-size:inherit;line-height:inherit}@media (min-width: 760px){#bb-that .bb-that-header__link,#bb-that .bb-that-header__link>span{line-height:1;-webkit-font-smoothing:subpixel-antialiased;-moz-osx-font-smoothing:auto}}#bb-that .bb-that-header__link:first-child{padding-left:0}#bb-that .bb-that-header__link:after{font-size:9px;position:absolute}@media (min-width: 760px){#bb-that .bb-that-header__link+.bb-that-header__link{border-left:1px solid #b3b3b3}#bb-that .bb-that-header__link+.bb-that-header__link:after{top:-3px}}#bb-that .bb-that-header__link>span:first-of-type{display:inline}#bb-that .bb-that-header__link>span:first-of-type+span{display:none}@media (max-width: 1019px){#bb-that .bb-that-header__link>span:first-of-type{display:none}#bb-that .bb-that-header__link>span:first-of-type+span{display:inline}}#bb-that .bb-that-header--sitemap-trigger{padding:0 27px 0 12px}#bb-that .bb-that-header--sitemap-trigger:after{display:inline-block;content:url("data:image/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20viewBox%3D%270%200%2015%2015%27%3E%3Cpath%20d%3D%27M0,2.5l7.5,10l7.5-10H0z%27%20fill%3D%27%23fff%27%2F%3E%3C%2Fsvg%3E");height:9px;width:9px;line-height:initial;opacity:0.7;-webkit-transition:opacity 0.1s ease-out;-o-transition:opacity 0.1s ease-out;transition:opacity 0.1s ease-out}#bb-that .bb-that-header--sitemap-trigger:hover:after{opacity:1}#bb-that .bb-that-header--sitemap-trigger:after{height:9px;width:9px;-webkit-transform:rotate(0);-ms-transform:rotate(0);-o-transform:rotate(0);transform:rotate(0);-webkit-transition:transform 0.35s ease;-o-transition:transform 0.35s ease;transition:transform 0.35s ease}@media (min-width: 760px){#bb-that .bb-that-header--sitemap-trigger:after{right:12px;top:2px;line-height:1}}@media (min-width: 1020px){#bb-that .bb-that--open{border-bottom:1px solid #474747}}#bb-that .bb-that--open .bb-that-header--sitemap-trigger:after{-webkit-transform:rotate(180deg);-ms-transform:rotate(180deg);-o-transform:rotate(180deg);transform:rotate(180deg)}
</style>
<div id="bb-that">
    <nav class="bb-that">
        <header class="bb-that-header bb-that--container">
        <a class="bb-that-header__link bb-that-header--sitemap-trigger" href="http://www.bloomberg.com/company/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg the Company &amp; Its Products</a><a class="bb-that-header__link" href="https://bba.bloomberg.net/?utm_source=bloomberg-menu&amp;utm_medium=bcom"><span>Bloomberg Anywhere Remote Login</span><span>Bloomberg Anywhere Login</span></a><a class="bb-that-header__link" href="http://www.bloomberg.com/professional/request-demo/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-DEMO-bbgmenu">Bloomberg Terminal Demo Request</a>    </header>
        <div class="bb-that__sitemap bb-that--container">
    <div class="bb-that__close"></div>

        <ul class="bb-that__sitemap-sections bb-that--visible-md bb-that--visible-lg">
                    <li class="bb-that__col bb-that__col--md">
            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Bloomberg</h2>
    <div class="bb-that-category__content"><p class="bb-that-category__text">Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.</p></div></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">For Customers</h2>
    <div class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://bba.bloomberg.net/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Anywhere Remote Login</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/professional/downloads/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Software Updates</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://service.bloomberg.com/portal/sessions/new?utm_source=bloomberg-menu&amp;utm_medium=bcom">Manage Products and Account Information</a></li></div></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Support</h2>
    <div class="bb-that-category__content"><p class="bb-that-category__text"><span>Americas</span>+1 212 318 2000</p><p class="bb-that-category__text"><span>EMEA</span>+44 20 7330 7500</p><p class="bb-that-category__text"><span>Asia Pacific</span>+65 6212 1000</p></div></section>    </li>
                    <li class="bb-that__col bb-that__col--md">
            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Company</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/company/london/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg London</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/company/?utm_source=bloomberg-menu&amp;utm_medium=bcom">About</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/careers/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Careers</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/diversity-inclusion/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Diversity and Inclusion</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/philanthropy/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Philanthropy and Engagement</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/bcause/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Sustainability</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.techatbloomberg.com?utm_source=bloomberg-menu&amp;utm_medium=bcom">Tech</a></li></ul></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Communications</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/company/announcements/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Press Announcements</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/company/press-contacts/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Press Contacts</a></li></ul></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Follow</h2>
    <div class="bb-that-category__content"><li class="bb-that-category__item"><a href="http://www.facebook.com/Bloomberglp" class="bb-that-category__social-link bb-that--icon-facebook" target="_blank">Facebook</a></li><li class="bb-that-category__item"><a href="https://twitter.com/bloomberg" class="bb-that-category__social-link bb-that--icon-twitter" target="_blank">Twitter</a></li><li class="bb-that-category__item"><a href="https://www.linkedin.com/company/2494" class="bb-that-category__social-link bb-that--icon-linkedin" target="_blank">LinkedIn</a></li><li class="bb-that-category__item"><a href="https://www.instagram.com/bloomberg/" class="bb-that-category__social-link bb-that--icon-instagram" target="_blank">Instagram</a></li></div></section>    </li>
                    <li class="bb-that__col bb-that__col--md">
            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Products</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/professional/solution/bloomberg-terminal/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-TERMINAL-bbgmenu">Bloomberg Terminal</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/execution-order-management/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-EXORDMGMT-bbgmenu">Execution and Order Management</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/data-and-content/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-DATACONT-bbgmenu">Data and Content</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/financial-data-management/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-FINDATA-bbgmenu">Financial Data Management</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/integration-and-distribution/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-INTEGDIST-bbgmenu">Integration and Distribution</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/tradebook/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-TBOOK-bbgmenu">Bloomberg Tradebook</a></li></ul></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Industry Products</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bna.com/bloomberglaw/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Law</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bna.com/tax?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Tax</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://about.bgov.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Government</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bna.com/ehs/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Environment</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://about.bnef.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg New Energy Finance</a></li></ul></section>    </li>
                    <li class="bb-that__col bb-that__col--md">
            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Media</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/markets/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Markets</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/technology/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Technology</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/pursuits/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Pursuits</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/politics/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Politics</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/view/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Opinion</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/businessweek/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Businessweek</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberglive.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Live Conferences</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloombergapps.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Apps</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloombergradio.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Radio</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/live?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Television</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/company/news-bureaus/?utm_source=bloomberg-menu&amp;utm_medium=bcom">News Bureaus</a></li></ul></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Media Services</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/distribution?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Media Distribution</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloombergmedia.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Advertising</a></li></ul></section>    </li>
            </ul>

        <ul class="bb-that__sitemap-sections bb-that--visible-sm">
                    <li class="bb-that__col bb-that__col--sm">
            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Company</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/company/london/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg London</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/company/?utm_source=bloomberg-menu&amp;utm_medium=bcom">About</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/careers/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Careers</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/diversity-inclusion/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Diversity and Inclusion</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/philanthropy/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Philanthropy and Engagement</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/bcause/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Sustainability</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.techatbloomberg.com?utm_source=bloomberg-menu&amp;utm_medium=bcom">Tech</a></li></ul></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Communications</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/company/announcements/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Press Announcements</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/company/press-contacts/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Press Contacts</a></li></ul></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Follow</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a href="http://www.facebook.com/Bloomberglp" class="bb-that-category__social-link bb-that--icon-facebook" target="_blank">Facebook</a></li><li class="bb-that-category__item"><a href="https://twitter.com/bloomberg" class="bb-that-category__social-link bb-that--icon-twitter" target="_blank">Twitter</a></li><li class="bb-that-category__item"><a href="https://www.linkedin.com/company/2494" class="bb-that-category__social-link bb-that--icon-linkedin" target="_blank">LinkedIn</a></li><li class="bb-that-category__item"><a href="https://www.instagram.com/bloomberg/" class="bb-that-category__social-link bb-that--icon-instagram" target="_blank">Instagram</a></li></ul></section>    </li>
                    <li class="bb-that__col bb-that__col--sm">
            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Products</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/professional/solution/bloomberg-terminal/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-TERMINAL-bbgmenu">Bloomberg Terminal</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/execution-order-management/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-EXORDMGMT-bbgmenu">Execution and<br /> Order Management</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/data-and-content/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-DATACONT-bbgmenu">Data and Content</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/financial-data-management/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-FINDATA-bbgmenu">Financial Data<br /> Management</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/integration-and-distribution/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-INTEGDIST-bbgmenu">Integration and<br /> Distribution</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/professional/solution/tradebook/?utm_source=bloomberg-menu&amp;utm_medium=bcom&amp;bbgsum=DG-WS-PROF-SOLU-TBOOK-bbgmenu">Bloomberg<br /> Tradebook</a></li></ul></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Industry Products</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bna.com/bloomberglaw/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Law</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bna.com/tax?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Tax</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://about.bgov.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Government</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bna.com/ehs/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Environment</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://about.bnef.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg New Energy Finance</a></li></ul></section>    </li>
                    <li class="bb-that__col bb-that__col--sm">
            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Media</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/markets/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Markets</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/technology/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg<br /> Technology</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/pursuits/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Pursuits</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/politics/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Politics</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/view/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Opinion</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloomberg.com/businessweek/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg<br /> Businessweek</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberglive.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Live Conferences</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloombergapps.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Apps</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://www.bloombergradio.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Radio</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/live?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Television</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/company/news-bureaus/?utm_source=bloomberg-menu&amp;utm_medium=bcom">News Bureaus</a></li></ul></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Media Services</h2>
    <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/distribution?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Media Distribution</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloombergmedia.com/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Advertising</a></li></ul></section>    </li>
                    <li class="bb-that__col bb-that__col--sm">
            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Bloomberg</h2>
    <div class="bb-that-category__content"><p class="bb-that-category__text">Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.</p></div></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">For Customers</h2>
    <div class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://bba.bloomberg.net/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Bloomberg Anywhere Remote Login</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://www.bloomberg.com/professional/downloads/?utm_source=bloomberg-menu&amp;utm_medium=bcom">Software Updates</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="http://service.bloomberg.com/portal/sessions/new?utm_source=bloomberg-menu&amp;utm_medium=bcom">Manage Contracts and Orders</a></li></div></section>            <section class="bb-that-category">
    <h2 class="bb-that-category__title">Support</h2>
    <div class="bb-that-category__content"><p class="bb-that-category__text"><span>Americas</span>+1 212 318 2000</p><p class="bb-that-category__text"><span>EMEA</span>+44 20 7330 7500</p><p class="bb-that-category__text"><span>Asia Pacific</span>+65 6212 1000</p></div></section>    </li>
            </ul>
</div>    </nav>
</div>

                
        <script id="nav-data" type="application/json">{"headline":"Harvey Costs Seen at Catastrophic Levels With Many Uninsured","url":"https://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured","twitterText":"The cost of Hurricane Harvey reaches catastrophic levels","twitterHandle":"markets"}</script>
        <div class="bb-nav-placeholder">
            <div class="bb-nav-root"> <nav is="bb-nav" class="bb-nav" id="bb-nav" data-theme="markets" data-persist-for="content" data-mode="index" data-reg-env="production" data-progress="0" data-headline="" data-base="https://nav.bloomberg.com" data-tracker-category="nav" data-tracker-events="click" data-tracker-label="header" data-site="global" data-persist-for="none" > <div class="bb-nav__container"> <div class="bb-nav__content"> <h1 class="bb-nav-logo" is="bb-nav-logo"> <div class="bb-nav-logo__rubix" data-tracker-label="bomb.open.rubix_button" data-tracker-action="click"></div> <div class="bb-nav-logo__menu" data-tracker-label="bomb.open.menu_button" data-tracker-action="click"> <div class="bb-nav-logo__menu-link">MENU</div> </div> <a href="http://www.bloomberg.com" class="bb-nav-logo__link" data-tracker-label="logo" data-tracker-action="click"></a> <div class="bb-nav-logo__arrow"></div> </h1><div class="bb-nav-content-logo" is="bb-nav-content-logo"> <h1 class="bb-nav-content-logo__headline" data-tracker-label="content"> <a href="http://www.bloomberg.com" class="bb-nav-content-logo__site" data-tracker-label="logo" data-tracker-action="click"></a> </h1> <div class="bb-nav-content-logo__down-arrow" data-tracker-label="expand" data-tracker-action="click"></div> </div><h2 class="bb-nav-headline"></h2><bb-experience-select class="bb-nav-experience-select"></bb-experience-select><div class="bb-nav-categories"> <ul class="bb-nav-categories__container"> <li class="bb-nav-categories__category bb-nav-categories__about has-submenu"> <div class="bb-nav-submenu" is="bb-nav-submenu"> <div class="bb-nav-submenu__content"> <div class="bb-nav-submenu__inner"> <ul class="bb-nav-submenu__categories"> <li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/company/" data-tracker-label="about_the_company" data-tracker-action="click"> About The Company </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/company/london" data-tracker-label="bloomberg_london" data-tracker-action="click"> Bloomberg London </a> </li> </ul> <div class="bb-nav-submenu__cards" hidden></div> </div> </div> </div> </li> <li class="bb-nav-categories__home"> <a href="http://www.bloomberg.com" class="bb-nav-categories__home-link"> Homepage </a> </li> <li is="bb-nav-category" class="bb-nav-categories__category has-submenu " data-tracker-label="markets" data-vertical="markets" > <div class="bb-nav-categories__category-container"> <div class="bb-nav-categories__notch"></div> <a href="http://www.bloomberg.com/markets" class="bb-nav-categories__link" data-category-path="/markets" data-category-vertical="markets" target="_self" data-tracker-action="click">Markets</a> </div> <div class="bb-nav-submenu" is="bb-nav-submenu"> <div class="bb-nav-submenu__content"> <div class="bb-nav-submenu__inner"> <ul class="bb-nav-submenu__categories"> <li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_stocks" href="https://www.bloomberg.com/markets/stocks" data-tracker-label="stocks" data-tracker-action="click"> Stocks </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_currencies" href="https://www.bloomberg.com/markets/currencies" data-tracker-label="currencies" data-tracker-action="click"> Currencies </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_fixed_income" href="https://www.bloomberg.com/markets/fixed-income" data-tracker-label="fixed_income" data-tracker-action="click"> Fixed Income </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_etfs" href="https://www.bloomberg.com/markets/etfs" data-tracker-label="etfs" data-tracker-action="click"> ETFs </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_commodities" href="https://www.bloomberg.com/markets/commodities" data-tracker-label="commodities" data-tracker-action="click"> Commodities </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_rates_bonds" href="https://www.bloomberg.com/markets/rates-bonds" data-tracker-label="rates_plus_bonds" data-tracker-action="click"> Rates + Bonds </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_economics" href="https://www.bloomberg.com/markets/economics" data-tracker-label="economics" data-tracker-action="click"> Economics </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_magazine" href="https://www.bloomberg.com/markets/markets-magazine" data-tracker-label="magazine" data-tracker-action="click"> Magazine </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_benchmark" href="https://www.bloomberg.com/markets/benchmark" data-tracker-label="benchmark" data-tracker-action="click"> Benchmark </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_watchlist" href="https://www.bloomberg.com/markets/watchlist" data-tracker-label="watchlist" data-tracker-action="click"> Watchlist </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/markets_economic_calendar" href="https://www.bloomberg.com/markets/economic-calendar" data-tracker-label="economic_calendar" data-tracker-action="click"> Economic Calendar </a> </li> </ul> <div class="bb-nav-submenu__cards" hidden></div> </div> </div> </div> </li><li is="bb-nav-category" class="bb-nav-categories__category has-submenu " data-tracker-label="technology" data-vertical="technology" > <div class="bb-nav-categories__category-container"> <div class="bb-nav-categories__notch"></div> <a href="http://www.bloomberg.com/technology" class="bb-nav-categories__link" data-category-path="/technology" data-category-vertical="technology" target="_self" data-tracker-action="click">Tech</a> </div> <div class="bb-nav-submenu" is="bb-nav-submenu"> <div class="bb-nav-submenu__content"> <div class="bb-nav-submenu__inner"> <ul class="bb-nav-submenu__categories"> <li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/technology_us" href="https://www.bloomberg.com/topics/silicon-valley" data-tracker-label="us" data-tracker-action="click"> U.S. </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/technology_global" href="https://www.bloomberg.com/topics/global-tech" data-tracker-label="global" data-tracker-action="click"> Global </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/technology_start_ups" href="https://www.bloomberg.com/topics/startups" data-tracker-label="startups" data-tracker-action="click"> Startups </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/technology_bloomberg_tv" href="https://www.bloomberg.com/shows/bloomberg-technology" data-tracker-label="bloomberg_technology_tv" data-tracker-action="click"> Bloomberg Technology TV </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/news_special-reports_gadgets-with-gurman" href="https://www.bloomberg.com/news/special-reports/gadgets-with-gurman" data-tracker-label="gadgets_with_gurman" data-tracker-action="click"> Gadgets With Gurman </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/news_special-reports_digital-defense" href="https://www.bloomberg.com/news/special-reports/digital-defense" data-tracker-label="digital_defense" data-tracker-action="click"> Digital Defense </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/studio_1" href="https://www.bloomberg.com/studio-1" data-tracker-label="studio_10" data-tracker-action="click"> Studio 1.0 </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/news_special-reports_focus-on-infrastructure" href="https://www.bloomberg.com/news/special-reports/focus-on-infrastructure" data-tracker-label="focus_on__infrastructure" data-tracker-action="click"> Focus On: Infrastructure </a> </li> </ul> <div class="bb-nav-submenu__cards" hidden></div> </div> </div> </div> </li><li is="bb-nav-category" class="bb-nav-categories__category has-submenu " data-tracker-label="pursuits" data-vertical="pursuits" > <div class="bb-nav-categories__category-container"> <div class="bb-nav-categories__notch"></div> <a href="http://www.bloomberg.com/pursuits" class="bb-nav-categories__link" data-category-path="/pursuits" data-category-vertical="pursuits" target="_self" data-tracker-action="click">Pursuits</a> </div> <div class="bb-nav-submenu" is="bb-nav-submenu"> <div class="bb-nav-submenu__content"> <div class="bb-nav-submenu__inner"> <ul class="bb-nav-submenu__categories"> <li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/pursuits_autos" href="https://www.bloomberg.com/pursuits/cars-bikes" data-tracker-label="cars_and_bikes" data-tracker-action="click"> Cars & Bikes </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/pursuits_style" href="https://www.bloomberg.com/pursuits/style-grooming" data-tracker-label="style_and_grooming" data-tracker-action="click"> Style & Grooming </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/pursuits_scene" href="https://www.bloomberg.com/pursuits/spend" data-tracker-label="spend" data-tracker-action="click"> Spend </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/pursuits_timepieces" href="https://www.bloomberg.com/pursuits/watches-gadgets" data-tracker-label="watches_and_gadgets" data-tracker-action="click"> Watches & Gadgets </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/pursuits_food" href="https://www.bloomberg.com/pursuits/food-drinks" data-tracker-label="food_and_drinks" data-tracker-action="click"> Food & Drinks </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/pursuits_travel" href="https://www.bloomberg.com/pursuits/travel" data-tracker-label="travel" data-tracker-action="click"> Travel </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/pursuits_property" href="https://www.bloomberg.com/pursuits/real-estate" data-tracker-label="real_estate" data-tracker-action="click"> Real Estate </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/pursuits_art" href="https://www.bloomberg.com/pursuits/art-design" data-tracker-label="art_and_design" data-tracker-action="click"> Art & Design </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/shows/brilliant-ideas" data-tracker-label="brilliant_ideas" data-tracker-action="click"> Brilliant Ideas </a> </li> </ul> <div class="bb-nav-submenu__cards" hidden></div> </div> </div> </div> </li><li is="bb-nav-category" class="bb-nav-categories__category has-submenu " data-tracker-label="politics" data-vertical="politics" > <div class="bb-nav-categories__category-container"> <div class="bb-nav-categories__notch"></div> <a href="http://www.bloomberg.com/politics" class="bb-nav-categories__link" data-category-path="/politics" data-category-vertical="politics" target="_self" data-tracker-action="click">Politics</a> </div> <div class="bb-nav-submenu" is="bb-nav-submenu"> <div class="bb-nav-submenu__content"> <div class="bb-nav-submenu__inner"> <ul class="bb-nav-submenu__categories"> <li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/graphics/global-risk-briefing/" data-tracker-label="global_risk_briefing" data-tracker-action="click"> Global Risk Briefing </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/graphics/2018-midterm-elections-preview/" data-tracker-label="all_signs_point_to_big_democratic_wins_in_2018" data-tracker-action="click"> All Signs Point to Big Democratic Wins in 2018 </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/news/features/2017-12-11/trump-takes-credit-for-killing-hundreds-of-regulations-that-were-already-dead" data-tracker-label="trump_takes_credit_for_killing_hundreds_of_regulations_that_were_already_dead" data-tracker-action="click"> Trump Takes Credit for Killing Hundreds of Regulations That Were Already Dead </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/graphics/2017-china-party-congress/" data-tracker-label="how_china’s_top_leaders_came_into_power" data-tracker-action="click"> How China’s Top Leaders Came Into Power </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/graphics/2017-europe-populist-right/" data-tracker-label="how_the_populist_right_is_redrawing_the_map_of_europe" data-tracker-action="click"> How the Populist Right Is Redrawing the Map of Europe </a> </li> </ul> <div class="bb-nav-submenu__cards" hidden></div> </div> </div> </div> </li><li is="bb-nav-category" class="bb-nav-categories__category has-submenu " data-tracker-label="opinion" data-vertical="opinion" > <div class="bb-nav-categories__category-container"> <div class="bb-nav-categories__notch"></div> <span class="bb-nav-categories__link" data-category-path="/opinion" data-category-vertical="opinion" target="_self" data-tracker-action="click">Opinion</span> </div> <div class="bb-nav-submenu" is="bb-nav-submenu"> <div class="bb-nav-submenu__content"> <div class="bb-nav-submenu__inner"> <ul class="bb-nav-submenu__categories"> <li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/opinion_view" href="https://www.bloomberg.com/view/" data-tracker-label="view" data-tracker-action="click"> View </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/opinion_gadfly" href="https://www.bloomberg.com/gadfly/" data-tracker-label="gadfly" data-tracker-action="click"> Gadfly </a> </li> </ul> <div class="bb-nav-submenu__cards" hidden></div> </div> </div> </div> </li><li is="bb-nav-category" class="bb-nav-categories__category has-submenu " data-tracker-label="businessweek" data-vertical="businessweek" > <div class="bb-nav-categories__category-container"> <div class="bb-nav-categories__notch"></div> <a href="http://www.bloomberg.com/businessweek" class="bb-nav-categories__link" data-category-path="/businessweek" data-category-vertical="businessweek" target="_self" data-tracker-action="click">Businessweek</a> </div> <div class="bb-nav-submenu" is="bb-nav-submenu"> <div class="bb-nav-submenu__content"> <div class="bb-nav-submenu__inner"> <ul class="bb-nav-submenu__categories"> <li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/magazine/businessweek/18_06" data-tracker-label="latest_issue" data-tracker-action="click"> Latest Issue </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/podcasts/debrief" data-tracker-label="debrief_podcast" data-tracker-action="click"> Debrief Podcast </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="https://nav.bloomberg.com/global/api/businessweek_subscribe" href="https://subscribe.businessweek.com/servlet/OrdersGateway?cds_mag_code=BWK&cds_page_id=221240&source=bbwnavbar" data-tracker-label="subscribe" data-tracker-action="click"> Subscribe </a> </li> </ul> <div class="bb-nav-submenu__cards" hidden></div> </div> </div> </div> </li><li is="bb-nav-category" class="bb-nav-categories__category has-submenu " data-tracker-label="footer" data-vertical="footer" > <div class="bb-nav-categories__category-container"> <div class="bb-nav-categories__notch"></div> <span class="bb-nav-categories__link" data-category-path="/footer" data-category-vertical="footer" target="_self" data-tracker-action="click">More</span> </div> <div class="bb-nav-submenu" is="bb-nav-submenu"> <div class="bb-nav-submenu__content"> <div class="bb-nav-submenu__inner"> <ul class="bb-nav-submenu__categories"> <li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/climate-changed" data-tracker-label="climate_changed" data-tracker-action="click"> Climate Changed </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/graphics" data-tracker-label="graphics" data-tracker-action="click"> Graphics </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/billionaires/" data-tracker-label="billionaires" data-tracker-action="click"> Billionaires </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/game-plan" data-tracker-label="game_plan" data-tracker-action="click"> Game Plan </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/small-business" data-tracker-label="small_business" data-tracker-action="click"> Small Business </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/personal-finance" data-tracker-label="personal_finance" data-tracker-action="click"> Personal Finance </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/segments/inspire-go" data-tracker-label="inspire_go" data-tracker-action="click"> Inspire GO </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/features/2016-peer-to-peer/" data-tracker-label="the_david_rubenstein_show" data-tracker-action="click"> The David Rubenstein Show </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/sponsor/partnerships/" data-tracker-label="sponsored_content" data-tracker-action="click"> Sponsored Content </a> </li><li class="bb-nav-submenu__category"> <a class="bb-nav-submenu__category-link" data-subroute="" href="https://www.bloomberg.com/tips/" data-tracker-label="send_tips" data-tracker-action="click"> Send Tips </a> </li> </ul> <div class="bb-nav-submenu__cards" hidden></div> </div> </div> </div> </li> <li class="bb-nav-categories__category bb-nav-categories__sign-in"> <a id="bb-nav-dropdown-sign-in" class="bb-nav-categories__sign-in-link" href="https://login.bloomberg.com/?in_source=login_direct" data-tracker-label="sign_in" data-tracker-action="click"> Sign In </a> </li> <li class="bb-nav-categories__category bb-nav-categories__experience"> <bb-experience-select class="bb-nav-mobile-experience-select"></bb-experience-select> </li> </ul> </div><div class="bb-nav-touts" is="bb-nav-touts" data-tracker-label="tout"> <a target="_self" id="bb-nav-sign-in" class="bb-nav-touts__link" href="https://login.bloomberg.com/login?in_source=login_direct" data-tracker-label="sign_in" data-tracker-action="click"> Sign In </a> <a target="_blank" class="bb-nav-touts__subscribe-link" href="http://businessweekmag.com/navbartextlink" data-vertical-target="businessweek" data-tracker-label="subscribe" data-tracker-action="click">Subscribe</a> </div><div class="bb-nav-social-container"> <bb-social class="bb-nav-social"></bb-social> </div><div class="bb-nav-search" is="bb-nav-search" data-tracker-label="search"> <form class="bb-nav-search__form" action="/search" method="get" autocomplete="false"> <input type="text" class="bb-nav-search__input" placeholder="What are you searching for?" name="query" autocomplete="off"/> </form> <div class="bb-search-drawer" tabindex="0"> <div class="bb-search-drawer__content"> <bb-quick-links></bb-quick-links> <bb-search-suggestions></bb-search-suggestions> </div> </div> </div> <span class="bb-nav-search__icon" data-tracker-label="search.icon" data-tracker-action="click"></span> </div> </div> <div class="bb-progress"> <div class="bb-progress__status"></div> </div> </nav> </div>
        </div>
    
                <div class='breaking-news-placeholder' data-region=''></div>
                <main class="transporter-container">
                    <div class="transporter-item current">
                        
            <article data-story-id="OVD37E6S972801" data-theme="markets" data-type="article" itemscope itemtype="http://schema.org/Article">
                <script id="piano-OVD37E6S972801" type="application/json">{"excludeFromWall":false,"contentType":"article","publishedAt":"2017-08-27T22:53:15.601Z","theme":"markets"}</script>
                <script id="article-info-OVD37E6S972801" type="application/json">{"id":"OVD37E6S972801","contentType":"article","contentTags":[{"id":"new-orleans","type":"City","directScore":0.5716966379984363,"derivedScore":0.5716966379984363},{"id":"houston","type":"City","directScore":3.174511336982017,"derivedScore":3.174511336982017},{"id":"RNR:US","type":"Company","directScore":0.14417513682564503,"derivedScore":0.14417513682564503},{"id":"AXS:US","type":"Company","directScore":0.1490226739640344,"derivedScore":0.1490226739640344},{"id":"ACGL:US","type":"Company","directScore":0.1529319781078968,"derivedScore":0.1529319781078968},{"id":"ALL:US","type":"Company","directScore":0.5732603596559813,"derivedScore":0.5732603596559813},{"id":"PGR:US","type":"Company","directScore":0.6425332290852228,"derivedScore":0.6425332290852228},{"id":"TRV:US","type":"Company","directScore":0.6487881157154026,"derivedScore":0.6487881157154026},{"id":"AON:US","type":"Company","directScore":1.9247849882720875,"derivedScore":1.9247849882720875},{"id":"congress","type":"Topic","directScore":0.3876465989053948,"derivedScore":0.3876465989053948},{"id":"automotive","type":"Topic","directScore":0.4805316653635653,"derivedScore":0.4805316653635653},{"id":"debt","type":"Topic","directScore":0.5807662236121971,"derivedScore":0.5807662236121971},{"id":"earnings","type":"Topic","directScore":0.6186082877247849,"derivedScore":0.6186082877247849},{"id":"bonds","type":"Topic","directScore":0.6675527756059421,"derivedScore":0.9201840422369681},{"id":"credit-cards","type":"Topic","directScore":0.7804534792806881,"derivedScore":0.7804534792806881},{"id":"transportation","type":"Topic","directScore":0.9247849882720875,"derivedScore":1.049630592572243},{"id":"labor-force","type":"Topic","directScore":0.9286942924159499,"derivedScore":0.9286942924159499},{"id":"insurance-industry","type":"Topic","directScore":7.17727228303362,"derivedScore":7.17727228303362},{"id":"SPX:IND","type":"Index","directScore":1.974667709147772,"derivedScore":1.974667709147772},{"id":"1440074","type":"Person","directScore":2.311962470680219,"derivedScore":2.311962470680219},{"id":"new-york","type":"Location","directScore":0.634401876465989,"derivedScore":0.634401876465989},{"id":"texas","type":"Location","directScore":5.636699814308053,"derivedScore":5.636699814308053},{"id":"markets","type":"Classification","directScore":0,"derivedScore":2.8207237622648864},{"id":"finance","type":"Classification","directScore":0,"derivedScore":2.1559531290450638},{"id":"fixed-income","type":"Topic","directScore":0,"derivedScore":0.9201840422369681},{"id":"US","type":"Country","directScore":0,"derivedScore":2.6235808822626705},{"id":"US","type":"Region","directScore":0,"derivedScore":2.6235808822626705},{"id":"personal-finance","type":"Topic","directScore":0,"derivedScore":6},{"id":"infrastructure","type":"Topic","directScore":0,"derivedScore":1.049630592572243}]}</script>
                <script id="page-level-ad-config-OVD37E6S972801" type="application/json">{"url":"2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured","adCode":"business/insights/personal-finance/article","targeting":{"suid":"OVD37E6S972801","page":"articlejav","currentResource":"Story|OVD37E6S972801","ni":["ACEXCLUDE","AGRKEY","ALLFEA","ALLMUN","ALLSTATES","ALLTOP","ALLWWCUR","AMFEAT","AMLEAD","ASFEAT","ASLEAD","ATTACHMENT","BADWTHR","BGOVALL","BGOVBILLGO","BGOVCODES","BIZNEWS","BNK","BON","BONDWIRES","BUSINESS","CALVPOSS","CAT","CMD","CMDKEY","CMDTOP","CMDTOPZ3","COS","DEVECO","ESGRES","EUFEAT","EULEAD","FIALL","FIASST","FIN","FINNEWS","FINTOP","FINTOPZ1","G10MEMB","G7MEMB","GEN","GENEVENT","GENTOP","GENTOPZ1","GENTOPZ2","GENTOPZ3","GLOBFEAT","GLOBLEAD","HURRICANE","INDUSTRIAL","INDUSTRIES","INS","INSBROKERS","INSTFIN","INSTOP","INSTOPZ2","INSTOPZ3","LA","MAJOR","MARKETS","MISC","MSCINAMER","MSCIWORLD","MTGEKEY","MUN","MUNTTOP","MUNTTOPZ2","MUNTTOPZ3","MUNTTOPZ6","NAT","NORTHAM","NRG","NRGKEY","NY","ONWEB","PADD1","PADD3","PADDIST","PHOTO","PNCINS","REINSURE","REL","RELTOP","RELTOPZ1","SCR","SPREGIONS","SRCRANK1","TIMECO","TIMENI","TOP","TOPBIZMKT","TRN","TX","UPDATE","US","USMA","USSO","USSW","USTOP","USTOPZ1","VOD","WEATHER","WORLD","WWTOP","WWTOPAM","WWTOPAS","WWTOPBIZ","WWTOPEU","WWTOPFEAT","WWTOPGLOB","WWTOPLEAD","WWTOPZ1","WWTOPZ2","WWTOPZ3","WWTOPZ4","WWTOPZ5","WWTOPZ6"],"tagr":[],"kwl":["biz_bankofamerica_exclusion","biz_goldman_q2","biz_capone","biz_xojet","biz_testing123","biz_exxonmobil","biz_cboe","biz_pitney","biz_ubsbannedlist","biz_accentureindia1","biz_Samsung","biz_lincoln","biz_Comcast","biz_wellsfargosept","biz_pnc","biz_googlelist","biz_googlelisttwo","biz_technologykeywords","biz_citi","biz_vices","biz_autocompetitors","biz_trowe","biz_zurichsmartmatch","biz_atrocity","biz_nomurakeywords","biz_etrade","biz_bp1","biz_bp2","biz_bp3","biz_bp4","biz_fidelity","biz_ibm3","biz_dit_terrorism","biz_microsoft","biz_kornferry","biz_generic","biz_fti","biz_lexus2","biz_singlecountry","biz_dun_bradstreet","biz_United","biz_BMW","biz_citi1","biz_att1","biz_mobkoimandslist","biz_tdameritrade","biz_boeing","biz_att2","biz_att3","biz_att6","biz_att7","biz_facebook1","biz_facebook2","biz_mulberry","biz_msft","biz_BMWRecall","biz_junctiondigital","biz_texas","biz_citibank2","biz_RalphLauren2","biz_skymobkoi","biz_Fidelity_investopedia","biz_hsbcpb","biz_masia2"],"tickers":[]},"disableAds":false}</script>
                
    <div class="lede-text-only lede">
        <div class="lede-text-only__background">
            <div class="background-image"></div>
            <div class="background-dots"></div>
            <div class="background-fade"></div>
        </div>
        <div class="lede-text-only__container">
            <div class="lede-text-only__content">
                
                <h1 class="lede-text-only__hed"><span class="lede-text-only__highlight">Harvey Costs Seen at Catastrophic Levels With Many Uninsured</span></h1>
                
                <address class="lede-text-only__byline">By <div class="author">Sonali Basak
        <div class="author__modal">
            <a class="author__modal-social" data-feed="twitter" href="https://www.twitter.com/sonalibasak" target="_blank">@sonalibasak</a>
            
            <a class="author__modal-bio" href="https://www.bloomberg.com/authors/ARvQDZUofxA/sonali-basak" rel="author">More stories by Sonali Basak</a>
        </div>
    </div></address>
                
                <div class="lede-text-only__times">
                    
        <time class="article-timestamp" itemprop="datePublished" datetime="2017-08-27T22:53:15.601Z" data-type="updated" data-status="">
            
        <script class="article-timestamp__format" type="application/json">
            {"year":"numeric","month":"long","day":"numeric","hour":"numeric","minute":"numeric","timeZoneName":"short"}
        </script>
        <noscript>August 27, 2017, 6:53 PM EDT</noscript>
    
        </time>
    
                    <span class="updated-wrap"><span class="updated-text">Updated on </span>
        <time class="article-timestamp" itemprop="dateModified" datetime="2017-08-28T16:44:15.908Z" data-type="updated" data-status="">
            
        <script class="article-timestamp__format" type="application/json">
            {"year":"numeric","month":"long","day":"numeric","hour":"numeric","minute":"numeric","timeZoneName":"short"}
        </script>
        <noscript>August 28, 2017, 12:44 PM EDT</noscript>
    
        </time>
    </span>
                </div>
                
            </div>
        </div>
    </div>
    
                <div class="content-well">
                    <section class="main-column">
                        
    <ul class="abstract">
        
        <li class="abstract__item">
            <div class="abstract__item-text">
                Damages may be $30 billion, according to one initial estimate
            </div>
        </li>
        <li class="abstract__item">
            <div class="abstract__item-text">
                ‘Historic event is currently unfolding,’ insurance broker says
            </div>
        </li>
    </ul>
                        
    <div class="lede-media-video lede">
        
        <div class="video-player">
            <div id="player-YMRsfmo" class="video-player__container" data-bmmrid="qgmn2MkkQRuXt7_z~Qz6Ag" data-url="https://www.bloomberg.com/news/videos/2017-08-28/the-importance-of-texas-to-global-energy-industry-video" data-autoplay="true" data-poster="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJWzYAoUy2UQ/v5/-1x-1.jpg"></div>
            <div class="video-player__curtain">
                <img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJWzYAoUy2UQ/v5/640x-1.jpg" srcset="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJWzYAoUy2UQ/v5/640x-1.jpg 640w, https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJWzYAoUy2UQ/v5/680x-1.jpg 680w, https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJWzYAoUy2UQ/v5/840x-1.jpg 840w" sizes="(min-width:761px) and (max-width:1020px) 680px, (min-width:1021px) and (max-width:1280px) 640px, (min-width:1281px) 840px, 100vw">
                <div class="video-player__overlay" data-playerid="player-YMRsfmo">
                    <img class="video-player__play-icon" src="https://assets.bwbx.io/s3/javelin/public/javelin/images/play-076012604d.svg"/>
                </div>
            </div>
        </div>
    
        
        <figcaption>
            <div class="lede-media-video__caption"><p>The Importance of Texas to Global Energy Industry</p>
</div>
        </figcaption>
    </div>
                        
        <div class="body-copy">
            <p>Hurricane Harvey&#x2019;s second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates.</p><div class="hardwall" data-position="1"></div><div class="softwall" data-position="1"></div><p>Harvey&#x2019;s cost could mount to $30 billion when including the impact of relentless flooding on the labor force, power grid, transportation and other elements that support the region&#x2019;s energy sector, Chuck Watson, a disaster modeler with Enki Research, said in an email Monday. That would place it among the top eight hurricanes to ever strike the U.S. David Havens, an insurance analyst at Imperial Capital, said the final tally might be as high as $100 billion.</p><div class="hardwall" data-position="2"></div><div class="softwall" data-position="2"></div><p>Less than a third of Harvey&#x2019;s losses are likely to be insured, Watson said.</p><div class="hardwall" data-position="3"></div><div class="softwall" data-position="3"></div>
        <div id="box-zqL1v5x" class="page-ad" data-position="mobile-box">
            <script class="params" type="application/json">{"contentId":"OVD37E6S972801","position":"box","dimensions":{"mobile":[[300,250],[1,1]]},"type":"Mobile Body Box Ad","positionIncrement":1,"targeting":{"position":"box1","positionIncrement":1,"url":"/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured"},"containerId":"box-zqL1v5x"}</script>
            <div class="mobile-box-ad-dummy"></div>
        </div>
        <p>Steve Moore, a 68-year-old who owns Houston&#x2019;s Villa Serena Communities, about 5,000 apartment units that rent for about $500 a month each, expects more than $10 million of damage. Moore said the buildings aren&#x2019;t fully insured.</p><div class="hardwall" data-position="4"></div><div class="softwall" data-position="4"></div><p>Many of the low-income residents who live on lower floors of his buildings near the Houston airport had some flooding, but nobody was hurt, he said.</p><p>&#x201C;I&#x2019;m pretty depressed this morning,&#x201D; said Moore, who tripped on a curb earlier Monday while surveying the damage and lost his phone and credit cards in three feet of water. &#x201C;It&#x2019;s just a mess.&#x201D;</p><figure data-type="image" data-id="317090772" data-image-type="chart" data-image-size="full" data-align="center" style="max-width: 1200px;" class="figure-expandable"><div class="image"><div id="lazy-img-317090772" class="lazy-img"><style>#lazy-img-317090772:before{padding-top:55.333333333333336%;}</style><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqZPgZIz1yBA/v1/60x-1.png" data-native-src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqZPgZIz1yBA/v1/-1x-1.png" class="lazy-img__image"></div></div></figure><p>&#x201C;A historic event is currently unfolding in Texas,&#x201D; Aon Plc wrote in an alert to clients. &#x201C;It will take weeks until the full scope and magnitude of the damage is realized,&#x201D; and already it&#x2019;s clear that &#x201C;an abnormally high portion of economic damage caused by flooding will not be covered,&#x201D; the insurance broker said.</p><p>Many forecasters were hesitant over the weekend to make preliminary estimates for how much insurers might pay. Researchers were shifting from examining Harvey&#x2019;s landfall Friday as a roof-lifting category 4 hurricane to the havoc it later created inland as a tropical storm. Typical insurance policies cover wind but not flooding, which often proves costlier. Blaming one or the other takes time.</p>
        <div id="in-article-POnUF12" class="page-ad" data-position="in-article">
            <script class="params" type="application/json">{"contentId":"OVD37E6S972801","position":"in-article","dimensions":{"mobile":[[5,19],[300,250],[1,1]],"tablet":[[5,19],[728,90],[1,1]]},"type":"In Article Flex Native Ad","positionIncrement":1,"targeting":{"position":"in-article","positionIncrement":1,"url":"/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured"},"containerId":"in-article-POnUF12"}</script>
            <div class="in-article-ad-dummy"></div>
        </div>
        <p>Insurers were among the biggest decliners Monday in the S&amp;P 500 Index, with Travelers Cos. dropping 2.8 percent and Progressive Corp. down 2.5 percent at 12:22 p.m. in New York. </p><p data-tout-type="story"><a itemscope="itemscope" itemprop="StoryLink" href="https://www.bloomberg.com/news/articles/2017-08-27/flooding-replaces-high-wind-as-harvey-threat-to-texas-gulf-coast" title="Click for full story" target="_blank"><meta itemprop="active" content="true"><meta itemprop="type" content="StoryLink"><meta itemprop="suid" content="OVCUD86TTDS4">Read more on the storm: Flooding replaces high wind as Harvey slams coast</a></p><p>In the Houston area, rainfall already has surpassed that of tropical storm Allison in 2001, which wreaked roughly $12 billion of damage in current dollars. In that case, only about $5 billion was covered by insurance, according to Aon.</p><p>Those storms are dwarfed by Hurricane Katrina, which struck in 2005 and devastated New Orleans. By some estimates, it inflicted $160 billion in total economic damage. About 47 percent of Katrina losses were covered by the insurance industry, but only about 27 percent is expected to be insured for Harvey, Watson said.</p><p>Most people with flood insurance buy policies backed by the federal government&#x2019;s National Flood Insurance Program. As of April, less than one-sixth of homes in Houston&#x2019;s Harris County had federal coverage, according to Aon. That would leave more than 1 million homes unprotected in the county. Coverage rates are similar in neighboring areas. Many cars also will be totaled.</p><p>&#x201C;A lot of these people are going to be in very serious financial situations,&#x201D; said Loretta Worters, a spokeswoman for the Insurance Information Institute. &#x201C;Most people who are living in these areas do not have flood insurance. They may be able to collect some grants from the government, but there are not a lot, usually they&#x2019;re very limited. There are no-interest to low-interest loans, but you have to pay them back.&#x201D;</p><p>The federal program itself is already struggling with $25 billion of debt. The existing program is set to expire on Sept. 30 and is up for review in Congress, which ends its recess Sept. 5.&#xA0;</p><figure data-type="image" data-id="317094473" data-image-type="photo" data-image-size="full" data-align="center" style="max-width: 2200px;" class="figure-expandable"><div class="image"><div id="lazy-img-317094473" class="lazy-img"><style>#lazy-img-317094473:before{padding-top:55.40909090909091%;}</style><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i71LY26npq4U/v0/60x-1.jpg" data-native-src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i71LY26npq4U/v0/-1x-1.jpg" class="lazy-img__image"></div></div><figcaption><div class="news-figure-caption-text caption"><p>Stranded vehicles in Houston on Aug 28.</p></div><div class="news-figure-credit credit">Photographer: Erich Schlegel/Getty Images</div></figcaption></figure><h3>Investors Brace</h3><p>Costs still will likely soar for insurance companies and their reinsurers, biting into earnings. As Harvey bore down on the coastline Friday, William Blair &amp; Co., a securities firm that tracks the industry, said the storm could theoretically inflict $25 billion of insured losses if it landed as a &#x201C;large category 3 hurricane.&#x201D;</p><p>Policyholder-owned State Farm Mutual Automobile Insurance Co. has the largest share in the market for home coverage in Texas, followed by Allstate Corp., which is publicly traded. William Blair estimated that, in that scenario, Allstate could incur $500 million of pretax catastrophe losses, shaving 89 cents off of earnings per share.</p><p>Investors began bracing for losses last week. But many didn&#x2019;t believe that Harvey could wipe out bonds that were issued to protect insurers against storm damage in the region, according to Brett Houghton, a managing principal at Fermat Capital Management. His firm manages more than $5 billion, with allocations to catastrophe bonds.</p><aside class="inline-newsletter" data-state="ready"></aside><p>The Swiss Re Cat Bond Price Return Index dropped 0.44 percent in the week ended Aug. 25, the steepest decline since January. The benchmark is recalculated every Friday, so it&#x2019;s unclear how the debt performed as the storm continued through Sunday. Reinsurers, which provide a backstop for primary carriers, also may get burned. That group include Bermuda-based companies Arch Capital Group Ltd., Axis Capital Holdings Ltd. and RenaissanceRe Holdings Ltd., according to a note last week from Meyer Shields, an analyst at&#xA0;Keefe, Bruyette &amp; Woods.</p><figure data-type="image" data-id="317075357" data-image-type="photo" data-image-size="full" data-align="center" style="max-width: 2000px;" class="figure-expandable"><div class="image"><div id="lazy-img-317075357" class="lazy-img"><style>#lazy-img-317075357:before{padding-top:66.7%;}</style><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHDYXddqLwGI/v0/60x-1.jpg" data-native-src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHDYXddqLwGI/v0/-1x-1.jpg" class="lazy-img__image"></div></div><figcaption><div class="news-figure-caption-text caption"><p>Flooding and debris after Hurricane Harvey hit Rockport, Texas, on Saturday, Aug. 26.</p></div><div class="news-figure-credit credit">Photographer: Alex Scott/Bloomberg</div></figcaption></figure><h3>Interrupting Business</h3><p>Businesses are probably better covered than individuals. Companies across the retailing, manufacturing, health-care and hospitality industries will be seeking reimbursements from insurers for lost revenue during the storm and subsequent repairs, said Aon&#x2019;s Jill Dalton, who helps manage claims.</p><p>But for Texas&#x2019;s massive energy industry, it&#x2019;s still too early to project how badly the storm will disrupt supply and distribution. That&#x2019;s because the devastation keeps spreading.</p><p>&#x201C;If it continues to rain, I just don&#x2019;t think the situation is going to get better any time soon,&#x201D; said Rick Miller, who leads Aon&#x2019;s U.S. property practice. &#x201C;In fact, it could get a lot worse.&#x201D;&#xA0;</p><p><em>&#x2014; With assistance by Katherine Chiglinsky, and Prashant Gopal</em></p><ol class="noscript-footnotes"></ol>
        </div>
    
                        
                        
                        
                        <div class="touts">
                            
    <div class="terminal-tout-container">
        <div class="terminal-tout">
            <span class="terminal-tout__text">Before it's here, it's on the Bloomberg Terminal.</span>
            <div class="terminal-tout__icon"></div>
            <a href="https://bloom.bg/dg-ws-core-bcom-a1" class="terminal-tout__link">LEARN MORE</a>
        </div>
    </div>
                            
        <div class="secure-tip-tout">
            <a class="secure-tip-tout__link" href="https://www.bloomberg.com/tips/">Have a confidential news tip?<br>Get in touch with our reporters.</a>
        </div>
                        </div>
                        
                        
                        
                        
        <script id="page-level-taboola-config-OVD37E6S972801" type="application/json">{"url":"https://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured"}</script>
        <div id="taboola-below-article-thumbnails-470bcb58463e061c62a1b8689d7de9a7" class="taboola"></div>
    
                    </section>
                    <aside class="right-rail">
                        
                        
                        <div class="dry-container">
                        </div>
                        <div class="sticky-container">
                            
        <div class="sticky-video"></div>
    
                            
    <div id="box-75dMu4o" class="box rotation-item page-ad" data-position="box">
        <script class="params" type="application/json">{"contentId":"OVD37E6S972801","position":"box","dimensions":{"small_desktop":[[300,600],[300,250],[1,1]],"large_desktop":[[300,600],[300,250],[1,1]]},"positionIncrement":1,"targeting":{"position":"box1","positionIncrement":1,"url":"/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured"},"containerId":"box-75dMu4o"}</script>
    </div>
    
                            
                            
        <div class="recirc rotation-item">
            <div class="recirc__title">Most Read</div>
            <ol class="recirc__list">
                
        <li class="recirc__list-item recirc__list-item-article">
            <a class="recirc__list-item-article-link" href="https://www.bloomberg.com/politics/articles/2018-02-13/u-s-strikes-said-to-kill-scores-of-russian-fighters-in-syria">U.S. Strikes Killed Scores of Russia Fighters in Syria, Sources Say</a>
        </li>
        <li class="recirc__list-item recirc__list-item-article">
            <a class="recirc__list-item-article-link" href="https://www.bloomberg.com/news/articles/2018-02-12/cerberus-s-remington-will-cede-control-to-lenders-in-bankruptcy">Remington Is Planning to File for Bankruptcy</a>
        </li>
        <li class="recirc__list-item recirc__list-item-article">
            <a class="recirc__list-item-article-link" href="https://www.bloomberg.com/news/articles/2018-02-12/japanese-equities-set-to-gain-after-u-s-rally-markets-wrap">U.S. Stocks Climb as Dollar Slumps for Third Day: Markets Wrap</a>
        </li>
        <li class="recirc__list-item recirc__list-item-article">
            <a class="recirc__list-item-article-link" href="https://www.bloomberg.com/news/articles/2018-02-13/vix-could-be-volatile-on-expiration-even-if-stocks-are-flat">Why Wednesday Could Be a Huge Day for the VIX</a>
        </li>
        <li class="recirc__list-item recirc__list-item-article">
            <a class="recirc__list-item-article-link" href="https://www.bloomberg.com/news/articles/2018-02-14/get-a-grip-on-europe-s-bad-loan-problem-with-these-five-charts">Five Charts That Explain How European Banks Are Dealing With Their Bad-Loan Problem</a>
        </li>
            
    <li id="trendingnow-rCqyPO7" class="recirc__list-item recirc__list-item-ad" data-position="trendingnow">
        <script class="params" type="application/json">{"contentId":"OVD37E6S972801","position":"trendingnow","dimensions":{"small_desktop":[[5,18],[1,1]],"large_desktop":[[5,18],[1,1]]},"positionIncrement":1,"targeting":{"position":"trendingnow1","positionIncrement":1,"url":"/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured"},"containerId":"trendingnow-rCqyPO7"}</script>
    </li></ol>
        </div>
                        </div>
                    </aside>
                </div>
            </article>
        
                        
    <div id="native-4ImAcaK" class="native ads__taboola-ab" data-position="native">
        <script class="params" type="application/json">{"contentId":"OVD37E6S972801","position":"native","dimensions":{"all":[[5,16],[5,5],[5,2],[1,1]],"mobile":[[300,250]]},"type":"Native Transporter Ad","positionIncrement":1,"targeting":{"position":"native1","positionIncrement":1,"url":"/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured"},"containerId":"native-4ImAcaK"}</script>
    </div>
    
                    </div>
                </main>
                <footer class="bb-global-footer"> <div class="bb-global-footer__content"> <div class="bb-global-footer__group"> <a class="bb-global-footer__link" href="http://www.bloomberg.com/tos">Terms of Service</a> <a class="bb-global-footer__link" href="http://www.bloomberg.com/trademarks">Trademarks</a> <a class="bb-global-footer__link" href="http://www.bloomberg.com/privacy">Privacy Policy</a> <small class="bb-global-footer__copyright">©2018 Bloomberg L.P. All Rights Reserved</small> </div> <div class="bb-global-footer__group"> <a class="bb-global-footer__link" href="http://www.bloomberg.com/careers/?utm_source=dotcom&utm_medium=footer">Careers</a> <a class="bb-global-footer__link" href="http://nytm.org/made-in-nyc">Made in NYC</a> <a class="bb-global-footer__link" href="http://bloombergmedia.com/">Advertise</a> <a class="bb-global-footer__link bb-global-footer__ad-choices" href="http://www.bloomberg.com/privacy#advertisements">Ad Choices</a> <a class="bb-global-footer__link" href="http://www.bloomberg.com/feedback">Website Feedback</a> <a class="bb-global-footer__link" href="http://www.bloomberg.com/help">Help</a> </div> </div> </footer>
                
        <script>
            window["jvln-asset-prefix"] = "https://assets.bwbx.io/s3/javelin";
        </script>
        <script class="dependencies" type="application/json">
            {"css":["/public/javelin/css/application/application-08d1bf1521.css","/public/javelin/css/layout/basic/basic-19331a57e5.css","/public/javelin/css/layout/basic/basic-e57e2909c7.desktop.css","/public/javelin/css/layout/basic/basic-feab898b86.small_desktop.css","/public/javelin/css/layout/basic/basic-a69847c3fa.large_desktop.css","/public/javelin/css/layout/basic/basic-3728b26bcb.tablet.css","/public/javelin/css/layout/basic/basic-80068e7b37.mobile.css","/public/javelin/css/nav/bb/nav-e804800f4a.css","/public/javelin/css/components/breaking_news_placeholder/breaking_news-07c1b1eccf.desktop.css","/public/javelin/css/components/image_viewer/image_viewer-d6c4cb4d6d.css","/public/javelin/css/components/image_viewer/image_viewer-44ae116396.desktop.css","/public/javelin/css/components/image_viewer/image_viewer-90a9b24409.mobile-tablet.css","/public/javelin/css/components/image_viewer/image_viewer-0e5ec91ea4.mobile.css","/public/javelin/css/print/print-ffa68fd905.css","/public/javelin/css/components/truste/truste-5a6952f5b8.css","/public/javelin/css/components/truste/truste-323c682892.small_desktop.css","/public/javelin/css/components/truste/truste-5679a9f67c.large_desktop.css","/public/javelin/css/components/truste/truste-932ba91b49.tablet.css","/public/javelin/css/components/truste/truste-53c717658f.mobile.css","/public/javelin/css/ads/leaderboard/leaderboard-f7160e7776.css","/public/javelin/css/ads/leaderboard/leaderboard-290beb4fc2.tablet-desktop.css","/public/javelin/css/ads/native/native-15685ecbee.css","/public/javelin/css/components/lazy_images/lazy_image-7dc0452705.css","/public/javelin/css/unsupportedBrowserMessage/unsupportedBrowserMessage-ce08ced21c.css","/public/javelin/css/pianola/pianola_css-b3b06f00e4.css","/public/javelin/css/components/abstract/abstract-762d163070.css","/public/javelin/css/components/author_tout/author_tout-c6e448ba2b.css","/public/javelin/css/components/author_tout/author_tout-e273b6df99.mobile.css","/public/javelin/css/body/basic/body-cfa9f847b6.css","/public/javelin/css/body/basic/newsletter_tout-7104a5317e.css","/public/javelin/css/body/basic/outstream_ad-c21b3ed6be.css","/public/javelin/css/body/basic/body-75cdc2b544.desktop.css","/public/javelin/css/body/basic/in_article_ad-238ed3378a.desktop.css","/public/javelin/css/body/basic/body-5d67f9f853.large_desktop.css","/public/javelin/css/body/basic/body-e886f59cb3.tablet-desktop.css","/public/javelin/css/body/basic/mobile_ads-10915d4c59.tablet-desktop.css","/public/javelin/css/body/basic/body-b820c41d19.tablet.css","/public/javelin/css/body/basic/in_article_ad-302586dffe.tablet.css","/public/javelin/css/body/basic/in_article_ad-b789d79511.mobile-tablet.css","/public/javelin/css/body/basic/body-6689773bd7.mobile.css","/public/javelin/css/body/basic/in_article_ad-a8500fe5ea.mobile.css","/public/javelin/css/body/basic/mobile_ads-95f94f08a6.mobile.css","/public/javelin/css/body/basic/newsletter_tout-12eaa8fd13.mobile.css","/public/javelin/css/ledes/basic/video/video-ada3b27501.css","/public/javelin/css/ledes/basic/video/video-d88c002e2c.desktop.css","/public/javelin/css/ledes/basic/video/video-36691f1d24.large_desktop.css","/public/javelin/css/ledes/basic/video/video-86bf2ad2f7.tablet.css","/public/javelin/css/ledes/basic/video/video-b10ee21246.mobile.css","/public/javelin/css/ledes/basic/text_only/text_only-e169350d35.css","/public/javelin/css/ledes/basic/text_only/text_only-2feccae3d6.desktop.css","/public/javelin/css/ledes/basic/text_only/text_only-6a33ad34f5.small_desktop.css","/public/javelin/css/ledes/basic/text_only/text_only-b17a45ed53.large_desktop.css","/public/javelin/css/ledes/basic/text_only/text_only-13bc91fa5b.tablet.css","/public/javelin/css/ledes/basic/text_only/text_only-5763675d95.mobile.css","/public/javelin/css/components/author_details/author_details-f6d8baf35e.css","/public/javelin/css/components/recirc/recirc-f69a644ec7.css","/public/javelin/css/components/charts/charts-9cc89e34a6.css","/public/javelin/css/components/charts/charts-2a9dffa69a.desktop.css","/public/javelin/css/components/charts/charts-6724cab530.mobile.css","/public/javelin/css/ads/terminal_tout/terminal_tout-f96d849049.css","/public/javelin/css/ads/terminal_tout/terminal_tout-b55b132f21.mobile.css","/public/javelin/css/ads/secure_tip_tout/secure_tip_tout-0250568d0e.css","/public/javelin/css/themes/markets/markets-0f71177bc0.css","/public/javelin/css/components/sticky_video/sticky_video-abccaf05bd.desktop.css"],"js":["/public/javelin/js/eventBus/eventBus-e310813a6a.sync.js","/public/javelin/js/pwa/pwa-fa16a7fd08.js","/public/javelin/js/layout/basic/right_rail-cfdf95042d.desktop.js","/public/javelin/js/experiments/experiments-b742eff134.js","/public/javelin/js/navAB/navAB-1081bacc3a.js","/public/javelin/js/nav/bb/nav-f87ced8470.js","/public/javelin/js/optIn/optIn-f01d5cdb7f.js","/public/javelin/js/components/breaking_news_placeholder/breaking_news_placeholder-4ba09c7f8e.js","/public/javelin/js/components/image_viewer/image_viewer-1286fdbee3.js","/public/javelin/js/ads/initialize/initialize_ads-2928c4e34c.js","/public/javelin/js/transporter/transporter-19caef5e5f.js","/public/javelin/js/components/truste/truste-6ac723d3b5.js","/public/javelin/js/ads/leaderboard/leaderboard-31b77097ad.tablet-desktop.js","/public/javelin/js/components/lazy_images/lazy_images-e6cb415eb4.js","/public/javelin/js/components/third_party_embeds/third_party_embeds-ce53bf94e8.js","/public/javelin/js/components/timestamp/timestamp-e77ec2ad6d.js","/public/javelin/js/components/video_player/video_player-2a8f3328e9.js","/public/javelin/js/polyfills/polyfills-8f68b333dc.js","/public/javelin/js/unsupportedBrowserMessage/unsupportedBrowserMessage-a2da9f94e7.async.js","/public/javelin/js/pianola/pianola-3058cfc67c.js","/public/javelin/js/components/author_details/author_details-06d9d1cb95.js","/public/javelin/js/components/charts/charts-ba031f19b0.js","/public/javelin/js/ads/taboola/en/taboola-f1fcf4cf3d.js","/public/javelin/js/components/sticky_video/sticky_video-88dab91ef8.desktop.js","/public/javelin/js/personalizationTrackPageView/personalizationTrackPageView-0a31340ab3.js","/public/javelin/js/dependencies/dependencies-36374e54c2.js"]}
        </script>
                <script class="content-data" type="application/json">{"adCode":"business/insights/personal-finance/article","attributor":"bn","brand":"markets","secondaryBrands":["markets"],"byline":"Sonali Basak","franchise":null,"id":"OVD37E6S972801","primaryCategory":"personal-finance","categories":["personal-finance"],"primarySite":"markets","publishedAt":"2017-08-27T22:53:15.601Z","seoHeadline":"Harvey Costs Seen at Catastrophic Levels With Many Uninsured","slug":"2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured","textHeadline":"Harvey Costs Seen at Catastrophic Levels With Many Uninsured","theme":"markets","topic":"Insurance Industry","twitterHandle":"markets","twitterText":"The cost of Hurricane Harvey reaches catastrophic levels","type":"article","url":"https://www.bloomberg.com/news/articles/2017-08-27/harvey-s-cost-reaches-catastrophe-as-modelers-see-many-uninsured","webOriginal":false,"metadata":{"isMetered":true}}</script>
                
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/polyfills/polyfills-8f68b333dc.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/ads/initialize/initialize_ads-2928c4e34c.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/pianola/pianola-3058cfc67c.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("(min-width:761px)").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/ads/leaderboard/leaderboard-31b77097ad.tablet-desktop.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/breaking_news_placeholder/breaking_news_placeholder-4ba09c7f8e.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/video_player/video_player-2a8f3328e9.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
                
        <script type="text/javascript">
            if (window.matchMedia("(min-width:1021px)").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/layout/basic/right_rail-cfdf95042d.desktop.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/author_details/author_details-06d9d1cb95.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/charts/charts-ba031f19b0.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
        <script type="text/javascript">
            if (window.matchMedia("(min-width:1021px)").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/sticky_video/sticky_video-88dab91ef8.desktop.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/ads/taboola/en/taboola-f1fcf4cf3d.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/transporter/transporter-19caef5e5f.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/personalizationTrackPageView/personalizationTrackPageView-0a31340ab3.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                <script type="text/javascript">(function(d){var s=d.createElement("script");s.async=true;s.src="https://www.bbthat.com/assets/v1.4.0/that.js";s.type="text/javascript";d.head.appendChild(s);})(document);</script>
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/nav/bb/nav-f87ced8470.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                <script type="text/javascript">(function(d){var s=d.createElement("script");s.async=true;s.src="https://nav.bloomberg.com/public/javascripts/global/bb-global-nav-3bfeb4a567.js";s.type="text/javascript";d.head.appendChild(s);})(document);</script>
                
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/image_viewer/image_viewer-1286fdbee3.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/dependencies/dependencies-36374e54c2.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/lazy_images/lazy_images-e6cb415eb4.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/third_party_embeds/third_party_embeds-ce53bf94e8.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/timestamp/timestamp-e77ec2ad6d.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
                <script src="https://assets.bwbx.io/s3/javelin/public/javelin/js/unsupportedBrowserMessage/unsupportedBrowserMessage-a2da9f94e7.async.js" type="text/javascript" async></script>
                <!-- Google Tag Manager --><script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.defer=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-MNTH5N');</script><!-- End Google Tag Manager -->
                <!-- Google Tag Manager (noscript) --><noscript><iframe src='https://www.googletagmanager.com/ns.html?id=GTM-MNTH5N' height='0' width='0' style='display:none;visibility:hidden'></iframe></noscript><!-- End Google Tag Manager (noscript) -->
                
        <script type="text/javascript">
            if (window.matchMedia("all").matches) {
                var s = document.createElement("script");
                s.src = "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/truste/truste-6ac723d3b5.js";
                s.type = "text/javascript";
                s.async = true;
                document.head.appendChild(s);
            }
        </script>
    
            </body>
        </html>
    