Helene and Milton hurricanes are both likely to be $50 billion disasters, becoming among most costly storms

Helene and Milton are both likely to be $50 billion disasters, joining ranks of most costly storms Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but experts in economics, insurance and risk say they are likely to be in the pantheon of super-costly $50 billion disasters. AP News

...

Making that even more painful is that most of the damage — 95% or more in Helene’s case — was not insured, putting victims in a deeper financial hole.

Storm deaths have been dropping over time, although Helene was an exception. But even adjusted for inflation, damages from intense storms are skyrocketing because people are building in harm’s way, rebuilding costs are rising faster than inflation, and human-caused climate change are making storms stronger and wetter, experts in different fields said.