The U.S. has been hit by two giant hurricanes. Here's the financial toll - News Summed Up

The U.S. has been hit by two giant hurricanes. Here's the financial toll


One monster hurricane can cause serious economic damage. So what happens when two massive storms hit the U.S. within two weeks of each other? RMS, a catastrophe modeling company, estimates that Harvey has caused between $25 billion and $35 billion in losses that will be covered by insurance. The total economic damage, which includes uninsured losses, could be between $70 billion and $90 billion. Related: Florida's economy is poised to take a major hit from Hurricane IrmaOthers say Irma's cost could be even higher.


Source: CNN September 10, 2017 21:33 UTC



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