As Hurricane Milton threatens the US, Helene could cost property owners more than $47 billion ...Middle East

By Matt Egan, CNN New York (CNN) — Even as Florida braces for another major hurricane, new estimates reveal Hurricane Helene caused up to $47.5 billion in losses for property owners. Helene, a deadly Category 4 hurricane that made landfall on September 26, caused “widespread and devastating” flooding across Florida, North Carolina, South Carolina and Georgia, according to data analytics firm CoreLogic. And yet many residents in Helene’s path did not have flood insurance. CoreLogic estimates Helene caused between $20 billion and $30 billion of uninsured flood losses. That dwarfs the firm’s estimate of between $10.5 billion and $17.5 billion worth of uninsured wind and flood losses.

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