Hurricanes Join Infamous “$50B Club” as Uninsured Losses Shock Communities
Helene and Milton aren’t just names anymore—they’re now symbols of climate-fueled chaos. These back-to-back hurricanes ravaged Florida and the Carolinas, with early damage estimates rivaling legendary storms like Katrina . Analysts predict total costs could soar past $50 billion once debris clears.
Here’s the brutal plot twist: Over 95% of Helene’s destruction wasn’t insured, leaving families and businesses facing financial nightmares . “This isn’t just weather—it’s a wake-up call about disaster preparedness gaps,” one climate economist told us.
While recovery crews work 24/7, the storms have already sparked debates about:
Rising insurance costs in high-risk areas
Climate change’s role in supercharged hurricanes
Rebuilding smarter vs. faster
Reference(s):
cgtn.com