
Hurricane Milton is the latest natural disaster projected to cost the US at least $1 billion, joining a growing list of such events this year. According to a climatologist at NOAA, the current count of billion-dollar extreme weather disasters in the US for this year is estimated to be around 23 or 24, a number that is subject to change as more data becomes available.
The climatologist mentioned that hurricanes Debbie, Helene, and Milton are included in the tally, with the possibility of additional severe summer storms being added. The anticipated costs of the impacts of hurricanes Helene and Milton alone are expected to be in the multiple tens of billions of dollars each.