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Hurricane Helene Could Cost $200 Billion. Nobody Knows Where the Money Will Come From

Summary

Hurricane Helene's estimated damage cost has skyrocketed to $225-250 billion, making it one of the deadliest storms in U.S. history. The destruction spans from Florida to Tennessee, but a majority of the damage will not be covered by insurance, as most of the destruction occurred through flooding, and few homeowners in affected areas have flood insurance. With limited financial help from the federal government, the uninsured victims face long rebuilding efforts. Even with some aid from FEMA and other agencies, the scale of uninsured losses underscores the insufficiency of current U.S. disaster policies.

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