KEY POINTS
- Hurricane Milton’s once-in-a-century potential could cause damage of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or more in a worst-case scenario.
- “A 1-in-100 year event is estimated by some to result in $175 [billion] in losses for landfall in the Tampa region, and $70 [billion] in losses in the [Fort] Myers region,” Jefferies analysts said.
It’s so heartwarming to hear about the economic damages of hurricanes instead of the human cost.
The insurance companies are ready with their check books open, pen in hand.
It’s a real tragedy what’s going on down there. Everyone has all of their furniture and belongings on their lawn because it was all destroyed in last week’s hurricane flooding. Now a week later a Cat 5 hurricane is bearing down on them and will turn all of those belongings into missiles, to damage and destroy their homes, cars, and lives. There are a lot of ordinary people who are just trying to live their lives, who are now fleeing for their lives, with little to no resources for the flight. It’s a true tragedy.
Eh, Scientology can afford it.
(Seriously though, I wouldn’t be surprised if Clearwater uses its cult connections to finagle more than its fair share of relief funds and such and comes out less out-of-pocket than most.)
