Estimates Predict ‘Monster’ Spring Storm Will Cost Billions

  Tuesday, April 16th, 2019 Source: Insurance Business

A new report has estimated that the deadly spring blizzard that affected central US last week will lead to billions of dollars in damage and economic loss. AccuWeather reported that the storm, which initially hit April 09, could cost $3 billion. The estimate was based on an analysis of damages already inflicted, as well as those expected to occur. However, the damage projection is separate from the estimated $12.5 billion in total damage resulting from record-breaking floods in the Midwest, noted AccuWeather founder and CEO Dr. Joel Myers.

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