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Hurricane Milton's insured losses could cost between $30 billion and $50 billion, said analysts. Before the storm hit, analysts predicted damages of up to $100 billion. Total insured losses ...
The fifth-most-intense Atlantic hurricane on record, Milton could cost insurers alone up to $100 billion, analysts say. The White House pledged government support as the full extent of the damage ...
More than 450 complaints of price gouging were received after Helene, which made landfall as a Category 4 on Florida's Nature Coast near Dekle Beach in late September.
Milton weakened to a Category 4 hurricane after an eyewall replacement cycle, and reintensified into a Category 5 hurricane the following day. [5] [6] Increasing wind shear caused the hurricane to weaken as it turned northeast towards Florida, falling to Category 3 status before making landfall near Siesta Key late on October 9.
Price gouging is a pejorative term used to refer to the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair by some. This commonly applies to price increases of basic necessities after natural disasters .
The latest cost figures come as Hurricane Milton barrels towards Florida, rapidly intensifying from a tropical storm to a dangerous Category 4 hurricane in the span of less than 20 hours.
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