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This page lists the estimated economic costs of relatively recent disasters. ... Hurricane Milton: $85 [16] $85 35 Tropical cyclone ... 2022–2023 California floods ...
As of October 21, 2024, Hurricane Milton killed at least 35 people: 32 in the United States and three in Mexico. Current damage estimates place the cost of destruction from the storm at US$34.3 billion. [9]
Hurricane Milton's insured losses could range from $30 billion to $50 billion, but it's far from analysts' "worst-case scenario" of $100 billion.
The number of $1 billion Atlantic hurricanes almost doubled from the 1980s to the 2010s, and inflation-adjusted costs have increased more than elevenfold. [1] The increases have been attributed to climate change, more people moving to coastal areas, [1] and the dramatic increase in construction costs since 1980. [2] [3] [4] [5]
Hurricane Milton is barreling toward Florida, and the category 4 storm could be catastrophic for millions of people and insurers who are still recovering from Hurricane Helene. ... An estimated $1 ...
Insurance firms have estimated hurricane damage costs between $20 and $200 billion. Hurricane Helene was water damage, and because most Americans don’t have flood insurance, that means damage ...
A $60 billion loss would be similar to losses from Hurricane Ian, which hit Florida in 2022, the RBC analysts said on Wednesday, adding that this estimate for Milton should be "very manageable ...
Hurricane Milton made landfall near Siesta Key, Florida, at 8:30 p.m. EDT Wednesday. ... Milton's sustained winds were estimated at 1 80 mph, and only five Atlantic hurricanes have had estimated ...