Post by bluemingidiot on Sept 15, 2018 3:44:33 GMT
"Florence May Be One of the Top-10 Most Expensive U.S. Hurricanes"
This is a Bloomberg News headline published September 11, 2018.
www.bloomberg.com/news/articles/2018-09-11/florence-may-enter-top-10-most-expensive-u-s-hurricances
To give some perspective Harvey and Katrina are top dogs coming in at $125 billion a piece. Coming in at number 10 is Rita a Category 5 2005 hurricane that did $18.5 billion in damage.
Not only is inflation a factor, but each year there is more construction in coastal areas and that construction increases in expense almost yearly. Meaning that if Rita came ashore in 2018 instead of 2005 it would be much more expensive.
This is a Bloomberg News headline published September 11, 2018.
www.bloomberg.com/news/articles/2018-09-11/florence-may-enter-top-10-most-expensive-u-s-hurricances
To give some perspective Harvey and Katrina are top dogs coming in at $125 billion a piece. Coming in at number 10 is Rita a Category 5 2005 hurricane that did $18.5 billion in damage.
Not only is inflation a factor, but each year there is more construction in coastal areas and that construction increases in expense almost yearly. Meaning that if Rita came ashore in 2018 instead of 2005 it would be much more expensive.
