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Axios Sep 12
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The cost of Irma

Natural-color satellite images show the U.S. and British Virgin Islands on Aug. 25, before Hurricane Irma passed through as a Category 5, and on Sunday. Joshua Stevens/NASA Earth Observatory via AP

"$150 Billion Misfire: How Forecasters Got Irma Damage Wrong," by Bloomberg's Brian Sullivan: "By one estimate, the total cost dropped to about $50 billion Monday from $200 billion over the weekend."

  • "Bermuda High kept Irma from becoming the costliest U.S. storm ... Westward shift and weakening checked 'astronomical' damage."
  • "The company's most recent estimate is for $49.5 billion in Irma costs for Florida ... Andrew's were an inflation-adjusted $47.8 billion ... Harvey ... could end up between $65 billion to $75 billion."
  • "The top spots at the moment are held by 2005's Hurricane Katrina, at $160 billion, and 2012's Superstorm Sandy, at $70.2 billion."

Miami Herald: "More than 62 percent of the state — an estimated 13 million Floridians — remained without power as of 6 p.m. ... Of 10.5 million customers statewide, 6.5 million were still out."

Go deeper: "Satellite images capture Hurricane Irma's devastation in Caribbean."