Analysts say the US could see $34 billion in damage from Hurricane Helene slamming into Florida, Georgia, and the Carolinas

• Hurricane Helene has brought with it a hefty price tag.
• Moody’s Analytics projected that damage from the disaster could total $34 billion.
• The hurricane cut power for millions of homes and left at least 166 dead across southeast states.

Hurricane Helene , which ravaged the southeast US and left at least 166 dead, is estimated to have cost the country up to $34 billion, according to analysts.

In a Monday report, Moody’s Analytics projected the damage from the hurricane to be between $20 billion and $34 billion.

It also estimated property damage ranging from $15 billion to $26 billion.

“Although climate hazards alone tend not to compel residents to move out of an area, further increases in insurance premiums might,” Adam Kamins, a senior director of economic research at Moody’s Analytics, wrote in the report.

“Significant changes in the next year or two are improbable, but the corrosive impact on housing affordability in the Sunshine State looks like an ever-growing risk,” Kamins added.

Story continues