By Tyler Durden
Hurricane Florence may become the costliest storm in US history, according to analytics firm CoreLogic, which says that damages may exceed $170 billion and affect 759,000 homes and businesses, reports CBS Chicago.
The category one storm made landfall near Wrightsville Beach, North Carolina at approximately 7:15 a.m. Friday. Despite its weakening, the storm has grown substantially in overall size – and will continue to slowly bombard coastal areas with its massive storm surge, torrential rain and high winds.
Storm surge will be a huge factor for Hurricane #Florence Check out what it might look like with @TWCErikaNavarro: pic.twitter.com/TPqTZTmiAM
— The Weather Channel (@weatherchannel) September 13, 2018
NEW: #Hurricane #Florence has made landfall near Wrightsville Beach, North Carolina at 7:15 AM EDT (1115 UTC) with estimated maximum winds of 90 mph (150 km/h), and a minimum central pressure estimate of 958 mb (28.29″). https://t.co/tW4KeGdBFb pic.twitter.com/vzpe6MjTf9
— National Hurricane Center (@NHC_Atlantic) September 14, 2018
AccuWeather Founder and President Dr. Joel N. Meyers has a lower estimate than CoreLogic, placing the predicted damage in the $30-60 billion range.
“For further context, we accurately estimated the total economic impact from Hurricane Irma …read more
Source:: Zero Hedge