UVE - As Florida Surveys Damage After Hurricane Idalia Here's What It Means For Stocks And Recovery Costs | Benzinga
Hurricane Idalia wreaked havoc along Florida’s Gulf Coast before turning into a tropical storm in Georgia and making its way into the open water of the Atlantic Ocean.
Despite causing significant disruptions, its financial toll is expected to be less dire than Hurricane Ian. In 2022, Ian caused over $112 billion in damages in 2022.
After making landfall on Wednesday, Idalia’s high winds knocked out power for 250,000 Florida residents, according to Governor Ron DeSantis.
At least three deaths were reported and attributed to storm conditions.
UBS issued a note on Tuesday, telling investors that Hurricane ...