August Storms Cause $20 Billion+ In Damage

SEVERE WEATHER IN AUGUST LEADS TO BILLIONS OF DOLLARS IN INSURANCE CLAIMS AND ECONOMIC LOSSES

(CNN) – Last month’s storms in the U.S. cost this country’s economy billions of dollars.

That’s according to the insurance company AON.

The firm released its global catastrophe recap report.

The report evaluates the impact of the natural disasters worldwide.

It found hurricane Laura alone led to at least $10 billion in economic losses.

Laura made landfall in Louisiana on August 27th; killing more than 30 people.

Another hurricane;  Isaias is estimated to cost the economy $5 billion.

Isaias hit North Carolina, causing damage across its coast.

Hurricanes were not the only severe weather damaging the U.S. economy.

The Derecho in the Midwest is estimated to have caused more than $5 billion in economic damage.

And the record heat and wildfires in California may end up costing more than$1 billion.

Categories: US News