That would be on top of the carnage already left behind by Hurricane Helene, posing a potential record-breaking path of wreckage.

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.
  • @NocturnalMorning
    10•1 day ago

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

  • @grueEnglish
    2•22 hours ago

    Eh, Scientology can afford it.

    (Seriously though, I wouldn’t be surprised if Clearwater uses its cult connections to finagle more than its fair share of relief funds and such and comes out less out-of-pocket than most.)

  • AwkwardLookMonkeyPuppetEnglish
    3•1 day ago

    It’s a real tragedy what’s going on down there. Everyone has all of their furniture and belongings on their lawn because it was all destroyed in last week’s hurricane flooding. Now a week later a Cat 5 hurricane is bearing down on them and will turn all of those belongings into missiles, to damage and destroy their homes, cars, and lives. There are a lot of ordinary people who are just trying to live their lives, who are now fleeing for their lives, with little to no resources for the flight. It’s a true tragedy.

  • @skeezix
    3•1 day ago

    The insurance companies are ready with their check books open, pen in hand.