Rising Costs And Uninsured Losses From Monstrous Hurricanes

People bike past damaged homes and debris left by Hurricane Milton, on the sand-coated main road of southern Manasota Key, already cleared of feet of sand, in Englewood, Fla., Oct. 13, 2024. (A

Monstrous hurricanes Helene and Milton have left a trail of destruction, with damages still being tallied. Experts predict that these storms will likely be classified among the most costly natural disasters in history, joining the ranks of infamous hurricanes like Katrina, Sandy, and Harvey, each causing over $50 billion in damages.

One alarming aspect of the aftermath is that a significant portion of the damage, up to 95% in the case of Helene, was not covered by insurance, leaving affected individuals in dire financial straits.