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Irma: The Focus Shifts to Recovery

Now that Irma has been downgraded to a tropical storm, what remains is recovery—and finding out just how expensive that recovery will be. Irma drove a path of destruction over the Florida Keys and up the west coast of the Sunshine State on Sunday September 10...
September 11, 2017

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Now that Irma has been downgraded to a tropical storm, what remains is recovery—and finding out just how expensive that recovery will be. Irma drove a path of destruction over the Florida Keys and up the west coast of the Sunshine State on Sunday September 10. Although the eye of the hurricane hugged the west coast, the fact that Irma’s 220-mile width meant that cities on the state’s eastern side was hit with surges and winds high enough to topple cranes in Miami.

As with any catastrophic storm, it will be a few days before the extent of the damage is known, as well as the monetary losses. The $15.25 billion hurricane aid package Congress passed last week in response to Hurricane Harvey is “going to be gone in just a few weeks,” according to Florida Sen. Bill Nelson (D), who said the costly cleanup is “going to keep going on and on” for months. House Homeland Security Committee Chairman Mike McCaul (R-TX) said “That was just a down payment. We’re going to have a larger supplemental I think in the next few weeks.”

READ: Hurricanes and homeowners’ insurance deductibles

READ: Initial Analysis of Impact on Insurers of Irma

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