JACKSONVILLE, Fla. -- Damage from Hurricane Andrew will go well beyond $20 billion, said the chief economist of Barnett Banks Inc.

The storm caused at least $17 billion to $20 billion in property losses alone, said the economist, John Godfrey, who published the figures in a Barnett economics newsletter. Other estimates have ranged between $10 billion and $30 billion -- in all cases ranking the hurricane as the costliest natural disaster in U.S. history.

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