Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in South Lebanon: Israeli occupation targets bulldozer working to remove rubble of destroyed home in Shebaa.
IRGC sources tell Al Mayadeen that reports of Iranian missile strikes on northern Iraq are false, calling them rumors spread by enemy-linked media.
Trump: Venezuela airspace should be considered 'closed in its entirety'
AFP: Ukraine behind attack on Russian 'shadow fleet' tankers in Black Sea
Sheikh Qassem: We, our allies, the honorable in our nation, our people, and our army will never accept being subservient to the US or 'Israel'
Sheikh Qassem: They must despair, for whatever they do, this people cannot be defeated or broken, and we shall neither fall nor yield
Sheikh Qassem: Threats neither advance nor delay matters, yet the possibility of war or its absence exists because 'Israel' and the US are weighing their options
Sheikh Qassem: All these threats are simply a form of political pressure after a whole year of efforts proved ineffective
Sheikh Qassem: 'Israel's' 'servants' in Lebanon are few, but they cause problems by obstructing the country’s stability, growth, and liberation alongside the US and 'Israel'
Sheikh Qassem: Weapons block 'Israel’s' project, and anyone seeking disarmament plays into 'Israel’s' hands

Hurricanes, storms cost US $500bln in economic losses in 2024

  • By Al Mayadeen English
  • Source: Agencies
  • 9 Nov 2024 23:26
3 Min Read

AccuWeather chief meteorologist Jon Porter says it would take "years" for these communities, families, and small businesses to recover.

Listen
  • x
  • Report: Hurricanes, Storms Cost US $500bln in 2024
    People are rescued from an apartment complex in the aftermath of Hurricane Milton, on October 10, 2024, in Clearwater, Florida. (AP)

Hurricanes and tropical storms that battered the United States in 2024 caused economic damages of about $500 billion, AccuWeather reported.

Experts calculated that Hurricane Beryl's economic loss and destruction to the Gulf Coast in July was between $28 billion to $32 billion. Hurricane Debby, which slammed the Carolinas hardest a month later, caused $28 billion in damage, while Hurricane Francine cost around $9 billion, according to The Hill.

Hurricanes Helene and Milton, which blew across the South in late September and October, caused the most economic damage, according to AccuWeather scientists.

Hurricane Helene, which ravaged areas of North Carolina, was believed to have caused between $225 billion and $250 billion in overall damage and economic loss, flooding houses, collapsing roads, uprooting trees, and leaving hundreds of thousands of citizens without electricity for weeks.

According to figures provided late last month by the Federal Emergency Management Agency (FEMA), individuals and households in the Tar Heel State received more than $194 million in assistance.

Hurricane Milton wreaked havoc on Florida in early October, causing between $160 billion and 180 billion in economic loss and total damage. The storm swiftly increased, sweeping through towns, demolishing homes, and flooding the streets with muck, leaving more than 3 million people without electricity at some point.

AccuWeather Chief Meteorologist Jon Porter stated that it would take "years" for these communities, families, and small businesses to recover, adding that some communities may "never fully recover from the catastrophic inland flash flooding we witnessed this year.”

The report comes after the Labor Department issued data earlier this month showing that employment growth in October halted at 12,000 positions. Some significant strikes influenced the statistics, but storms Helene and Milton also had an impact, since forecasts predicted that the country would create around 115,000 jobs.

Porter explained that there are also significant costs to health and well-being, as well as businesses and tourism.

Those who survive are exposed to hazardous floodwaters, toxic mud, and dust, as well as mold and mildew in damaged homes and apartments.

Why US foreign policy is under fire from populist Right: FPIF

An analysis published on Foreign Policy In Focus by writer Philip Balboni draws attention to the growing divide over US spending priorities in the wake of Hurricanes Helene and Milton.

The two storms, which struck the southeastern US coast with catastrophic force, left hundreds dead and caused billions in damages.

Yet, as affected communities scramble for federal assistance, Balboni's piece exposes a troubling imbalance in how Washington allocates funds—raising critical questions over the government's commitments to domestic welfare versus overseas interests.

While the Biden administration has touted its quick response, Republican leaders have sharply criticized the relief efforts, accusing the White House of shortchanging hurricane victims.

Balboni points to a stark contrast: while disaster relief funding for the affected Gulf Coast states totals just $860 million, US foreign aid last year reached $60 billion, and the defense budget exceeded $800 billion.

"Communities battered by storms are questioning why their needs are underfunded," Balboni writes, noting how foreign policy and military spending are increasingly under fire from Americans struggling at home.

  • United States
  • Hurricane Milton
  • North Carolina
  • Hurricane Helene
  • Hurricanes

Most Read

13 elite Israeli troops were wounded in a confrontations in Beit Jinn, Syria.

13 elite Israeli troops wounded in confrontations in southern Syria

  • West Asia
  • 28 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
Hezbollah publishes biography of martyred leader Haitham al-Tabatabai

Hezbollah publishes biography of martyred leader Haitham Tabatabai

  • Politics
  • 23 Nov 2025
Hezbollah releases the names of the four martyred with Tabatabai

Hezbollah releases the names of the 4 martyred alongside Tabatabai

  • West Asia
  • 24 Nov 2025

Coverage

All
In Five

Read Next

All
U.S. F-35 fighter jets fly over José Aponte de la Torre Airport in Ceiba, Puerto Rico, Friday, September 19, 2025. (AP Photo/Alejandro Granadillo)
Politics

Venezuela condemns US 'colonial-style' threat to national airspace

Palestinians walk through the destruction left by the Israeli air and ground offensive in Gaza City, Saturday, Nov. 29, 2025. (AP)
Politics

Gaza death toll exceeds 70,000 as Israeli crimes continue

Ireland removes name of former Israeli president from Dublin park
Europe

Ireland removes name of Ex. Israeli regime president from Dublin park

Gazan brothers Jomaa and Fadi Abu Assi, 8 and 9, in an undated photo (Social media)
Politics

Gaza: Two brothers, aged 8 and 9, killed by 'Israel' on their way home

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS