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 <title>Hurricane Harvey damages well below those of Katrina, Sandy - Hannover Re says</title>
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<h1>Hurricane Harvey damages well below those of Katrina, Sandy - Hannover Re says</h1>
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 <span class="time">8/28/2017</span>
 
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<span class="image" data-attrib="THOMAS B. SHEA/AFP/Getty Images" data-caption="A man carries his belonging as he walks through the flooded waters on Telephone Rd. in Houston on August 27, 2017 as the US fourth largest city battles with tropical storm Harvey and resulting floods." >
 <img alt="A man carries his belonging as he walks through the flooded waters on Telephone Rd. in Houston on August 27, 2017 as the US fourth largest city battles with tropical storm Harvey and resulting floods." height="198" src="//img-s-msn-com.akamaized.net/tenant/amp/entityid/AAqP7C5.img?h=198&amp;w=300&amp;m=6&amp;q=60&amp;o=f&amp;l=f&amp;x=900&amp;y=1293" width="300" />
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 <span class="attribution">&#169; THOMAS B. SHEA/AFP/Getty Images</span>
 A man carries his belonging as he walks through the flooded waters on Telephone Rd. in Houston on August 27, 2017 as the US fourth largest city battles with tropical storm Harvey and resulting floods.
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Damages from Harvey, the hurricane and tropical storm ravaging Houston and the Texas Gulf Coast, are estimated to be well below those from major storms that have hit New Orleans and New York, according to Hannover Re on Monday.</p><p>Hannover Re, one of the world's largest reinsurers, said that insured losses for Katrina in 2005 were around $80 billion, while losses for Sandy in 2012 were $36 billion.</p><p>"We are far from Katrina and Sandy in magnitude in the case of Hurricane Harvey," a spokeswoman for the company said. </p><p>(Reporting by Tom Sims; editing by John O'Donnell)</p>
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