Flash News

Bota

How much will the damage caused by Hurricane Milton cost Florida?

How much will the damage caused by Hurricane Milton cost Florida?

Millions of Florida residents were still without power Friday, more than a day after Hurricane Milton caused significant damage and left at least 16 people dead.
Utility workers repaired downed power lines and cell phone towers, while crews from government agencies and residents equipped with chainsaws cleared downed trees and cleared flooded neighborhoods in cities and towns flooded by Milton's heavy rains .

The fifth most intense Atlantic hurricane on record, Milton could cost insurers between $30 billion and $60 billion, Morningstar DBRS analyst Marcos Alvarez said on Friday, Reuters reports . 

But that's well below the $100 billion estimated by the firm earlier this week, before the storm's arrival Wednesday evening.
The White House pledged government support as the full extent of the damage was still being surveyed.

Latest news