Hurricane Helene Could Cost Insurance Industry $14 Billion

Volunteers with Operation Allies Refuge Foundation shovel debris and mud out of Whitson Furniture and General Store in Green Mountain, North Carolina, October 6, 2024, in the aftermath of Hurricane Helene. (Credit: ALLISON JOYCE/AFP via Getty Images)

Hurricane Helene losses covered by private insurance could reach an estimated $14 billion according to new estimates.

Moody's says that U.S. private market insured losses from the deadly storm that tore across several southern states will be between $8-14 billion, with a best estimate of US$11 billion.