Cost of Two Giant Hurricanes Could Reach $290 Billion

Cost of Two Giant Hurricanes Could Reach $290 Billion

Cost of Two Giant Hurricanes Could Reach $290 Billion

In a webcast Friday morning, weather analytics firm Planalytics said Irma could have an even more substantial impact on retail than Hurricane Harvey did.

The group says thousands of homeowners affected by Hurricane Sandy, one of the costliest hurricanes in USA history, still haven't been paid what they're owed five years after the storm ravaged the East Coast.

South Florida has always been considered ground zero for some of the most severe impacts of climate change, as sea level rise and coastal flooding meet decades of unchecked development.

Trump administration officials are keeping their lips sealed on whether they believe there are connections between the two Category 4 hurricanes that came barreling at the United States in recent weeks - Harvey and Irma - and climate change.

Denying climate change puts people in harm's way. This is the first time in the history of record keeping that two Category 4 or higher hurricanes, Harvey and Irma, have struck the US mainland in the same year.

Typical GOP. Only when they are suddenly faced with the costs of the damage from climate change-driven flooding are they finally going to maybe think about bringing up admitting that it's a problem.

The situation is evolving, of course, but if that estimated impact on retail sales is close to accurate, that would be almost triple the estimated $1 billion in lost sales expected to result from Harvey.

Tropical Storm Warnings (crimson warning box) remain in effect as Irma moves northwest.

The measure will replenish depleted emergency accounts as Florida braces for Hurricane Irma and Texas recovers from Harvey.

With total economic losses estimated to reach tens of billions of dollars at the minimum, Harvey is likely to become one of the costliest natural disasters on record, according to Aon Benfield's catastrophe model development team Impact Forecasting. "Our teams on the ground and across the country are closely monitoring the new storm, and we will deliver the same payment, fee relief, and on-the-ground support to customers in impacted communities after Irma passes", Sloan said. "We have to be prepared".

"Well, I don't know if I say either", Bossert said. We got [Hurricane] Jose in the back and we got Katia.

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