Hurricane Helene Inflicts Billions in Damages

Hurricane Helene has caused significant damage across the southeastern United States, with private insurance losses estimated between $8 billion and $14 billion according to Moody's RMS Event Response. The storm has resulted in catastrophic flooding and wind damage, particularly impacting western North Carolina, Tennessee, and Georgia. Over 100,000 people remain without power more than a week after the storm, underscoring the severe impact on infrastructure. Relief efforts are underway, with organizations like Fairwinds Aviation delivering supplies, and local farmers in North Carolina facing devastating losses to crops and livestock. The National Flood Insurance Program may face over $2 billion in claims, especially from storm surge in Florida. As communities continue recovery efforts, the threat of Hurricane Milton looms, potentially exacerbating the damage in Florida.