Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers. Making that even more painful is that most of the damage - 95% or more in Helene's case - was not insured, putting victims in a deeper financial hole. Storm deaths have been dropping over time, although Helene was an exception.
Of the top 10 costliest hurricanes as compiled by insurance giant Swiss Re - not including Helene or Milton yet - insured damage is about 44% of total costs. But with Helene, Aon's Dickson estimated that only 5% of victims had insurance coverage for the type of damage they got. He estimated $10 billion in insured damage so doing the math would put total damage in the $100 billion to $200 billion range, which he called a bit high but in the ballpark.
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