( ) -q-21- UNDATED (Correspondent Jeremy House) “was not insured.” Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up. [CutID: <Cuts> HELENE-MILTON-COSTS-house-q-THUam.mp3 Time: 21s Title: HELENE-MILTON-COSTS-house-q-THUam Out-cue: was not insured] TAG: Correspondent Jeremy House reporting. Several experts say damages are skyrocketing because people are building in harm’s […]
Audio
Helene and Milton are both likely to be $50 billion disasters
( ) -q-21- UNDATED (Correspondent Jeremy House) “was not insured.”
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up.
[CutID: <Cuts> HELENE-MILTON-COSTS-house-q-THUam.mp3
Time: 21s
Title: HELENE-MILTON-COSTS-house-q-THUam
Out-cue: was not insured]
TAG: Correspondent Jeremy House reporting. Several experts say damages are skyrocketing because people are building in harm’s way, reconstruction costs are soaring faster than inflation and human-caused climate change is making storms stronger and wetter.
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VERBATIM: Economics, insurance and risk experts believe the storms are likely to be in the pantheon of super-costly $50 billion disasters. That would put them in the company of storms like Katrina, Sandy and Harvey. Making those costs even more painful is that most of that damage, particularly in Helene’s case, was not insured.