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A home is surrounded by floodwaters from Tropical Storm Harvey on Monday, Aug. 28, 2017, in Spring, Texas. Homeowners suffering from Harvey flood damage are more likely to be on the hook for losses than victims of prior storms, a potentially crushing blow to personal finances and neighborhoods along the Gulf Coast. Experts say far too few homeowners have flood insurance, just 2 of 10 living in Harvey’s path of destruction. (AP Photo/David J. Phillip)

(Bloomberg) – Estimates for damages caused by Hurricane Harvey are climbing with the storm poised to regain strength in the Gulf of Mexico before crashing back on land.

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