Cost of Irma ranges from $20 billion to $200 billion
As Florida faces the uncertainty of Hurricane Irma’s path, it is clear that losses will be in the tens of billions of dollars. Most of the damage is expected to be directly storm related, meaning largely from the strong, over 100 mph winds, rather than from floodwaters like Harvey. The costs of Irma are not simply due to the gargantuan size of the storm, but from the vast real estate development Florida has seen despite its ongoing risk from sea level rise and storms.
Click the audio player above to hear the full story.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?