Hurricane Milton's Damage Could Exceed $50 Billion In A Once-In-A-Century Event

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.