Latest Loss Estimate For Hurricane Florence In North Carolina Nears $17 Billion

 Thursday, November 1, 2018

 News & Observer

The state now estimates that Hurricane Florence did nearly $17 billion in damage to homes, businesses, farms and governments in North Carolina, and that as much as half of that may not be covered by private insurance or government aid. The state had initially estimated $13 billion in damages as a result of the storm, which made landfall the morning of Sept. 14 and dumped record amounts of rain during a six-day slog across the state. The updated estimates, made late last week, are based more on actual inspections and still may be revised upward. The latest estimates from the state Department of Insurance mean that the physical and economic harm caused by Hurricane Florence has outstripped the combined damages of two previous storms, hurricanes Matthew and Floyd.