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Even as Florida braces for another major hurricane, new estimates reveal Hurricane Helene caused up to $47.5 billion in losses for property owners. As Hurricane Milton threatens the US, Helene ...
As of October 21, 2024, Hurricane Milton killed at least 35 people: 32 in the United States and three in Mexico. Preliminary damage estimates place the total cost of destruction from the storm at US$85 billion. [1]
The fifth-most-intense Atlantic hurricane on record, Milton could cost insurers alone up to $100 billion, analysts say. ... North Carolina was hard-hit by Helene, and Trump faces a tight battle ...
Comparing estimated hurricane damages over time can be tricky, but losses after the busy 2005 hurricane season have ranged from roughly $175 billion when adjusted for inflation, to more than $200 ...
Furthermore, the cost is expected to perpetually increase for several thousand years as cleanup operations and the economic impact of the Chernobyl Exclusion Zone continue indefinitely. [4] The most expensive natural disaster is the 2011 TÅhoku earthquake and tsunami, costing an estimated $360 billion. [5]
This would have rivaled Hurricane Katrina's cost in 2005, estimated at $86 billion in 2020 — the largest insured loss from a hurricane, per a 2020 Swiss RE report.
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]
Additionally, Moody’s estimates total U.S. private market insured losses from Hurricane Helene to be between $8 billion and $14 billion, with a best estimate of $11 billion.