Prediction: Hurricane Milton to be Costliest Hurricane Ever $175 B

Hurricane Milton could become the costliest Atlantic hurricane with an estimated $175-billion-dollars in damages.

Currently the storm is expected to slam into the West coast of Florida as a Category 4 hurricane, according to the National Hurricane Center.

That's according to early estimates of a worst-case-scenario from Wall Street analysts.

That's on top of the devastation that Hurricane Helene already has caused in the area.

According to Moody's, Hurricane Helene caused between $8B and $14B in private insured losses.

The record of the costliest hurricane in the Atlantic is held jointly by hurricanes Katrina (2005) and Harvey (2017), both of which resulted in approximately $125 billion in property damage.