Sep 12, 2017

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."

Go deeper

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Countries where novel coronavirus cases are falling may be hit with a "second peak" if they relax restrictions too soon, World Health Organization emergencies chief Mike Ryan warned during a briefing Monday. "We're still very much in a phase where the disease is actually on the way up," he added.

By the numbers: Brazil on Monday recorded for the first time more deaths from the novel coronavirus in a single day than the United States, Reuters notes. Brazil reported 807 deaths from COVID-19 in the past 24 hours, compared to 620 in the U.S. for the same period.

Palantir CEO reflects on work with ICE

Palantir CEO Alex Karp told "Axios on HBO" that there have "absolutely" been moments he wished the company hadn't taken a contract with Immigration and Customs Enforcement (ICE).

  • "Did I suffer? ... I've had some of my favorite employees leave," Karp told "Axios on HBO."

Michigan governor won't apologize for coronavirus lockdown

Michigan Gov. Gretchen Whitmer defended the strictness of her state's coronavirus lockdown in an interview with "Axios on HBO," saying it was necessary — despite the protests that have drawn national attention — because of how quickly the state's cases were rising.

The big picture: Whitmer, who has been a frequent target of President Trump, insisted that she had to act in the face of a lack of federal leadership — and that thousands more people in her state would have died without the lockdown.