Moody’s Analytics on Friday estimated the economic cost of Florence to be between $38 billion and $50 billion including damage to property, vehicle losses, and lost output. Based on Moody’s estimates, last year’s three hurricanes each caused more damage than Florence: Harvey’s tally reached $133.5 billion; Maria’s $120 billion; and Irma’s $84.2 billion. Rivers in the Carolinas are continuing to rise, and more than 600 roads were still closed Friday in North Carolina. North Carolina Gov. USAA, one of the biggest insurers in the Carolinas, is up to 38,000 Florence claims.

Source: Wall Street Journal September 21, 2018 23:23 UTC