Matthew leaves big bill

7 Days in Dubai - - GLOBAL NEWS -

The dam­age from Hur­ri­cane Matthew could amount to $10 bil­lion. The storm dam­aged or de­stroyed more than one mil­lion struc­tures and forced busi­nesses from Florida to North Carolina to close tem­po­rar­ily. All told, the storm prob­a­bly caused $10 bil­lion in dam­age, ac­cord­ing to an es­ti­mate from Gold­man Sachs. In­sur­ance com­pa­nies will likely be li­able for about $4 bil­lion to $6 bil­lion of that to­tal, ac­cord­ing to a sep­a­rate es­ti­mate by CoreLogic, a real es­tate data provider. Though dam­age es­ti­mates are usu­ally re­vised higher after more com­pre­hen­sive as­sess­ments, the cur­rent fig­ures would still make Matthew the 22nd-worst storm since World War II, Gold­man said. By com­par­i­son, Hur­ri­cane Sandy, the sec­ond-worst storm, caused $15 bil­lion to $20 bil­lion in in­sured losses and $50 bil­lion to $60 bil­lion in over­all dam­age in 2012.

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