hurricanes

2019's big storms cost the U.S. an estimated $22 billion

This image shows a satellite view of Hurricane Dorian approaching Florida and the East Coast.
Hurricane Dorian as a Cat. 2 storm on Sept. 3, 2019. Photo: NOAA via Getty Images

The 14 named storms of 2019 cost the U.S. an estimated $22 billion in damages, according to commercial weather forecaster and federal contractor AccuWeather.

The big picture: AccuWeather also estimates that 2019's season cost less than the 2017 and 2018 seasons, which saw Hurricanes Maria, Harvey and Irma in 2017 and Hurricane Michael in 2018.

Go deeper: Dorian's devastation in Bahamas

What we know: Hurricane Lorenzo churning at Category 4 levels in Atlantic Ocean

Lorenzo in the ocean.
Courtesy of the National Hurricane Center

Hurricane Lorenzo is churning at Category 4 levels on Sunday after falling from Category 5 status Saturday night, according to the National Hurricane Center.

The big picture: The storm is the latest in an already destructive hurricane season for the Atlantic Ocean. When Lorenzo reached Category 5 levels Saturday night, NHC said it had evolved into "one of the largest and most powerful hurricanes of record for the tropical central Atlantic." The storm this week is projected to pass over or near the Azores, a small group of islands and autonomous region of Portugal.