Damage inflicted in Texas by tropical storm may be more than Hurricane Sandy – and many victims are likely to be uninsured

With the catastrophic Texas floods triggered by the former hurricane Harvey set to worsen, early estimates suggest the financial damage it has inflicted has already run into tens of billions of dollars, and one forecaster has predicted the final bill could be as high as $100bn (£77bn).

The tropical storm continues to batter south-eastern Texas, where it has so far claimed at least nine lives, and is expected to reach southern Louisiana. Thousands of homes have been flooded forcing residents to seek emergency shelter. US authorities estimate 30,000 people will need shelter.

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