Hurricane Harvey could be the costliest natural disaster in U.S. history

Hurricane Harvey could be the costliest natural disaster in U.S. history, according to USA Today.

It has a potential price tag of $160 billion, a report from AccuWeather says.

This is more than the combined cost of Hurricanes Katrina and Sandy.

AccuWeather president Joel Myers says that parts of Houston will be “uninhabitable for weeks and possibly months due to water damage, mold, disease ridden water, and all that will follow this 1000 year flood.”

He also said that the Federal Reserve, major banks, insurance companies and other business leaders should begin to factor in the negative impact this catastrophe will have financially.

Scientists have already said that Harvey has broken the record for total rainfall from a tropical system with 49.2 inches of rainfall. 48 inches was the prior record.

RELATED: Before-and-after photos show damage from Harvey

8 PHOTOS
Before-and-after images show extent of Hurricane Harvey damage
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Before-and-after images show extent of Hurricane Harvey damage
Downtown Houston skyline at sunset / dusk with a blue and orange sky, orange reflection on buildings from the sunset, and a freeway / highway with light trails.
Interstate highway 45 is submerged from the effects of Hurricane Harvey seen during widespread flooding in Houston, Texas, U.S. August 27, 2017. REUTERS/Richard Carson
View of the downtown area of Houston from a Buffalo Bayou park.
The downtown skyline is reflected in the flood water at Buffalo Bayou Park after Hurricane Harvey inundated the Texas Gulf coast with rain causing widespread flooding, in Houston, Texas, U.S. August 27, 2017. REUTERS/Nick Oxford
This is insane. #houstonflood https://t.co/oddenJiGnE
Top overall view of the huge and busy traffic junction of the Katy and Gulf Highway in Houston, Texas.
A charred, abandoned car is seen on Interstate 610 North August 27, 2017 in Houston as the city battles with tropical storm Harvey and resulting floods. / AFP PHOTO / Thomas B. Shea (Photo credit should read THOMAS B. SHEA/AFP/Getty Images)
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