Hurricane Beryl Causes Up to $32 Billion Loss

Hurricane Beryl, which made landfall in Houston as a Category 1 storm, has caused significant economic and infrastructural damage, with estimates ranging from $1.5 billion to $4.6 billion in Texas alone, and up to $32 billion nationwide. The storm resulted in extensive flooding, power outages, and structural damage, leading to the deaths of at least 12 people in Harris County and surrounding areas. Economic losses are expected to ripple through various sectors such as real estate and retail, with significant insurance claims anticipated. In response, the government has pledged $1 billion in grants for affected residents. Politically, Governor Greg Abbott faces scrutiny for his handling of the crisis, exacerbated by accusations from President Joe Biden about communication failures. The long-term recovery efforts will focus on rebuilding infrastructure and improving storm response mechanisms.