Moody’s Pegs Florence’s Economic Cost at $38 Billion to $50 Billion
By Leslie Scism and Erin Ailworth
Sept. 21, 2018 | The Wall Street Journal
Impact of storm isn’t over as rivers in Carolinas continue to rise
After a week of heavy rains and record flooding, initial estimates for the damage that Florence wrought on the Carolinas rank the storm among history’s top hurricanes, but far below last year’s trio of powerful cyclones.
Moody’s Analytics on Friday estimated the economic cost of Florence to be between $38 billion and $50 billion including damage to property, vehicle losses, and lost output. At the upper end of that range, Florence would rank seventh among the biggest storms, just after Hurricane Andrew in 1992, according to Moody’s estimates. Read the full article.
Get the latest insights in your inbox
Laborocity allows businesses to find and transact with top talent when they need it.
Terms of Service | Privacy Policies
Copyright 2018 © Laborocity