Hurricane Ian Is Set to Be One of Costliest Storms in US History [Business News Network (BNN) (Canada)]
American Airlines Group, Inc. (AAL)
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Source: Business News Network
in Cuba and threatening to slam Florida's western coastline next with 125-mile-per-hour winds. Ian's top winds have dropped to 115 mph as it reemerged over the southeastern Gulf of Mexico, about 305 miles (491 kilometers) from Sarasota, Florida, according to an advisory from the US National Hurricane Center at 11 a.m. New York time. The storm is forecast to strengthen through Wednesday, bringing threats of 8-foot storm surges into Tampa Bay and heavy rains across Florida and the US Southeast. Damages and economic loss in the area could reach to $60 billion to $70 billion if the current forecast comes to pass, said Chuck Watson, a disaster modeler with Enki Research. That would rank Ian as the sixth-costliest US hurricane, according to data from the National Oceanic and Atmospheric Administration. The storm comes as climate change fuels extreme weather worldwide, including hurricanes that rapidly gain strength as they approach land. The year has already brought deadly flooding in
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