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Officials: Damage From Hurricane Florence In North Carolina At $17B

File photo of the Cape Fear River as it continued to rise due to Hurricane Florence rainfall.
Ben McKeown
/
For WUNC
File photo of the Cape Fear River as it continued to rise due to Hurricane Florence rainfall.

State officials now say the damage in North Carolina from Hurricane Florence has approached $17 billion, an increase from a previous estimate.The Office of State Budget and Management said in a news release the new figure, updated from $13 billion, is based on new data from the N.C. Department of Insurance.

A news release from Gov. Roy Cooper's office said, compared to previous storms in North Carolina, damage from Florence is historic. Hurricane Matthew caused $4.8 billion in damages, and when adjusted for inflation, Hurricane Floyd caused between $7 and $9.4 billion in damages. That means Florence has caused more damage than Matthew and Floyd combined.

Officials say the damage estimate for Florence may continue to change. The original $13 billion figure was based on estimates and projections.

 

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