Barclays: Irma Damage Could Hit $130 Billion

Irma passed over islands in the Caribbean and barreled toward Puerto Rico with Florida in its sights as the Category 5 hurricane threatens to become the most expensive storm in U.S. history.

Irma swept over Barbuda and Antigua on a path that should pass near or just north of Puerto Rico later Wednesday, the U.S. National Hurricane Center said, with a potential landfall in Florida this weekend. Barclays Plc has estimated insured losses in a worst-case scenario from the storm at $130 billion.

Irma “is the kind of storm where you get thousands of lives lost,” said Chuck Watson, a Savannah, Georgia-based disaster modeler with Enki Research. “This is not going to be the big slow-motion flood like Harvey — this is a real, honest-to-God hurricane.”

Orange juice futures extended gains, reaching the highest since May 8, as the storm threatened the largest supplier after Brazil. Cotton prices also climbed on potential

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<