US President Joe Biden stated on October 11 that, according to experts, the damage caused by Hurricane Milton, which largely affected the state of Florida, amounted to $50 billion.
Speaking to reporters at the White House, President Joe Biden said Friday that experts estimate Hurricane Milton caused an estimated $50 billion in damage. – writes The Guardian.
Prior to this, on October 9, Reuters wrote that Hurricane Milton could cause losses in the global insurance industry of up to $100 billion, which could trigger a rise in reinsurance prices in 2025.
Hurricane Milton made landfall in Florida on the afternoon of October 9. It was clarified that due to its land advance, 1.5 million people were left without electricity. At the same time, around 14 million people were reported to be at risk. The first deaths were reported in St. Lucie County, on the state’s east coast. According to ABC News, at least 16 people died during the disaster.
On October 10, the Milton drained Tampa Bay. The hurricane also expelled crocodiles from their usual habitat, which began to appear in streets and areas of private homes in different cities in Florida, Izvestia clarifies.
