Between $8 billion and $14 billion with a "best" estimate of $11 billion is Moody's RMS Event Response's projection for the total U.S. private market insured losses from Hurricane Helene.
That was before Hurricane Milton, which saw a rapid intensification that was one of the "most extreme ever recorded," according to Everstream Analytics. However, it landed in Florida as a Category 3 hurricane — a serious risk but far better than the Category 4 or 5 experts expected.
By 5 a.m. Thursday, maximum sustained winds had dropped to 85 mph, making it a Category 1. However, it still means more damage to Florida and southern Georgia, although currently it's not projected to directly cross into any other U.S. state or territory. According to Reuters, the storm set off at least 19 reported tornados.
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