U.S: Hurricane Idalia could become the year's costliest climate disaster

Hurricane Idalia could become 2023’s costliest climate disaster for the US Analysts estimate the category 3 storm has already racked up a preliminary cost of $9.36bn, straining the insurance industry The Guardian

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The category 3 storm that barreled into Florida’s west coast from the Gulf of Mexico on Wednesday, then carved a path of destruction and flooding through Georgia and the Carolinas, has a preliminary price tag between $9.36bn, based on early estimates, from risk analysts at UBS, and $18bn-$20bn calculated by AccuWeather.

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