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Fortune
Fortune
Alena Botros

Hurricane Milton is closing in on $1 trillion worth of commercial properties, Moody’s estimates

(Credit: Tristan Wheelock/Bloomberg via Getty Images)

Hurricane Milton is expected to make landfall in Florida either tonight or tomorrow morning. Apart from the people and communities threatened by the storm, more than 235,000 commercial properties across the state have a greater than 50% probability of being exposed to storm force winds, and some damage is likely, according to Moody’s. Those properties have an estimated value of $1.1 trillion. 

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