And the true fetal death toll may even be higher, because of the displacement of people whose homes and way of life were destroyed, suggest the authors.
Hurricane Katrina struck the state of Louisiana, USA, on August 29 2005, followed by Hurricane Rita a month later on September 24. Katrina was the costliest natural disaster in American history, while Rita was the fourth most intense hurricane ever recorded.
Both hurricanes caused widespread damage to property and infrastructure and left a trail of injury, death, and trauma in their wake.
The researchers used composite figures from several government agencies, showing that the hurricanes caused damage in 38 out of 64 areas (parishes) in the state, with almost 205, 000 housing units affected.
In four parishes, more than half of the local housing stock was damaged; in three others, between 10% and 50% was damaged. Elsewhere, the level of damage to housing stock was categorised as 1%-10%, or less than 1%.
The researchers then calculated the odds of a pregnancy resulting in a stillbirth in damaged and undamaged areas (less than 1% damage) in the 20 months before, and the 28 months after, Katrina struck.
But they also looked at all birth data between 1999 and 2009 in Louisiana to gauge usual patterns: during this period, 5194 stillbirths were recorded.
They then used space-time models to assess whether the extent of damage wrought by the hurricanes was linked to the risk of stillbirths in a given area.
Their calculations indicated that the risk of a pregnancy ending in a stillbirth was 40% higher in parishes where 10-50% of housing stock had been damaged, and more than twice as high in areas where over 50% of the housing stock had taken a hit.
After taking account of known risk factors, every 1% increase in the extent of damage to housing stock was associated with a corresponding 7% rise in the number of stillbirths.
Based on these figures, the researchers calculated that of the 410 stillbirths officially recorded in extensively damaged parishes, up to half (117-205) may have been directly caused by the hurricanes and the subsequent devastation.
Their estimates suggest that stillbirths made up around 17.5% to 30.5% of the total death toll in the wake of the hurricanes.
But the risk of stillbirth may have been even higher, suggest the researchers. In the hardest hit areas, the number of live births was more than 40% lower in 2007 than it was in 2004. And in parishes with more half of the housing stock damaged, the live birth rate fell by 79% in the three months following Katrina.
This "precipitous decline" is likely to reflect the well documented exodus of residents from the coastal parishes of Louisiana into other areas, they suggest.
They point to previously published research, showing a link between maternal stress, depression, and trauma and birth complications, including stillbirths.
And they warn that climate change scientists have predicted an increase in the frequency, intensity, and duration of North Atlantic tropical cyclones like Hurricanes Katrina and Rita.
"Insofar as our empirical findings meaningfully generalise in time, the health risks to the unborn and their perinatal development will likely increase with more frequent and intense hurricanes," they write.