So very true. Analysts are evaluating the financial impact of the disaster, with J.P.Morgan doubling its forecast of insured losses to over $20 billion. Wells Fargo also expects similar insured losses and said the total economic hit from the disaster could be well above $60 billion.
Private forecaster AccuWeather estimated the damage and economic loss at $135 billion to $150 billion, portending an arduous recovery and a surge in homeowners' insurance costs.
And then you factor in the recent Hurricane Helene possible property and infrastructure loses are which are forecasted around $200 billion.
Someone has to pay for all of this and each year its just seems to get worst.