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Hurricane Harvey to cost US $42b

WASHINGTON: Damage from Hurricane Harvey could put it among the top five most costly US storms ever, with failing dams and levees driving up loss forecasts, data modelling showed Tuesday. Estimates for total economic costs and damage shot up overnight to $42 billion (Dh154 billion) from $30 billion, as flooding began to spread to Louisiana and flood control measures became overwhelmed, according to Chuck Watson, founder of the disaster modeling firm Enki Research. While authorities still focused on rescuing survivors…