this post was submitted on 08 Oct 2024
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Economics

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Hurricane Milton could cause as much as $175 billion in damage, according to early estimates (www.cnbc.com)
submitted 2 months ago by MicroWave to c/economics
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KEY POINTS

  • Hurricane Milton’s once-in-a-century potential could cause damage of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or more in a worst-case scenario.
  • “A 1-in-100 year event is estimated by some to result in $175 [billion] in losses for landfall in the Tampa region, and $70 [billion] in losses in the [Fort] Myers region,” Jefferies analysts said.
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[–] NocturnalMorning 11 points 2 months ago

It's so heartwarming to hear about the economic damages of hurricanes instead of the human cost.