Cost of Hurricane Michael could hit $21bn including up to $10bn of insured losses
A week on from Hurricane Michael making landfall in Florida, estimates of the cost of the are beginning to emerge, running to as much as $21bn (£16.25bn).
According to Moody’s Analytics’ preliminary estimates, the economic cost of Hurricane Michael could range from $15bn (£11.5bn) to $21bn (£16.25bn).
The death toll of the storm currently stands at 29
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