Hurricane Milton could cause over $50 billion in damage, with worst-case scenarios reaching $175 billion, according to Wall Street analysts. This follows the destruction from Hurricane Helene, which left $11 billion in damage. Jefferies analyst Yaron Kinar noted the potential for a once-in-a-century event, especially if Milton hits the more developed Tampa region. Hurricane Ian, a similar event two years ago, caused $50 billion in damage. Milton is expected to hit Tampa on Wednesday.
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00:00It's Benzinga, and here's what's on the block.
00:03Hurricane Milton could cause over $50 billion in damage, with worst-case scenarios reaching
00:07$175 billion, according to Wall Street analysts.
00:12This follows the destruction from Hurricane Helene, which left $11 billion in damage.
00:16Jeffries analyst Yaron Kinnar noted the potential for a once-in-a-century event, especially
00:21if Milton hits the more developed Tampa region.
00:24Hurricane Ian, a similar event two years ago, caused $50 billion in damage.
00:29Milton is expected to hit Tampa on Wednesday.
00:31For all things money, visit Benzinga.com.