Matthew leaves big bill
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.