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bos2Can the United States Afford Another Hurricane?

By Jackie Snow – Hakai Magazine– September 21, 2017
The 2017 North Atlantic hurricane season still has about five weeks to go, but it’s already one of the most expensive on record. According to Gavin Magor, a senior financial analyst at rating agency Weiss Ratings, claims on damages caused by Hurricane Harvey will cost from US $160- to $190-billion, and Irma will cost $50- to $60-billion. This toll makes the two storms more expensive than 2005, when four hurricanes caused $143-billion in damages. It’s just as bad for some of the islands in the Caribbean, with an early estimate putting the damage from Irma at $10- to $13-billion, the most expensive storm on record in the region. Such massive expenses force the question: can the United States afford to take another hit? For full article, click here.

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