Publication Date October 25, 2015 | Bloomberg

Hurricane Flooding May Cost Texas Billions

United States
A girl walks near a flooded street in Austin, Texas, on October 24, 2015. Photographer: Jewel Samad/AFP via Getty Images
A girl walks near a flooded street in Austin, Texas, on October 24, 2015. Photographer: Jewel Samad/AFP via Getty Images

Damage from Patricia, the strongest hurricane ever measured in the Western Hemisphere, may cost the U.S. billions from floods, even after the storm spared the largest cities in Mexico...“Mexico just had an incredible piece of luck,” Watson said. “It was remarkable” that the hurricane’s eye bisected the coastline between the resort town of Puerto Vallarta and the major port of Manzanillo, sparing both. “If the storm was 20 to 30 miles (32 to 48 kilometers) one way or another it would be catastrophic for either of those two cities.”