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Hurricane Yan made landfall in southwest Florida as a Category 4 storm on Wednesday afternoon, bringing with it catastrophic flooding and extremely strong winds.

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Insurance Information Institute spokesperson Loretta Worters told FOX Business on Thursday that “while it’s too early to predict damages, many insurance modellers are estimating between $20 billion and $40 billion.”

After making landfall near Fort Myers and Cape Coral on the Gulf Coast, the storm passed through central Florida, weakened to a tropical storm, and reached the Atlantic Ocean.

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Yang, which turned into a hurricane again early Thursday evening, is expected to turn north before hitting South Carolina on Friday and moving inland, according to public opinion from the National Hurricane Center (NHC).


As Yang moves along his path, FOX Business takes a look at some of the costliest hurricanes to make landfall in the US.

Hurricane Katrina

The National Oceanic and Atmospheric Administration (NOAA) considers Hurricane Katrina “the most costly storm on record.”

Katrina initially struck the southeast coast of Florida on August 25, 2005 as a Category 1 hurricane before reaching the Gulf Coast and intensifying to a Category 5 hurricane. according to the National Weather Service (NVS). Shortly after dropping to Category 3, he hit Louisiana and Mississippi on August 29, 2005.

The hurricane caused massive damage, especially in New Orleans after the levees collapsed, and resulted in more than 1,800 deaths, according to the NWS.

According to NOAA figures last updated in July, Katrina was worth $186.3 billion adjusted for the 2022 CPI. The storm cost $125 billion, unadjusted.

Hurricane Harvey

Hurricane Harvey, which made Category 4 landfall in Texas in 2017, generated an adjusted cost of $148.8 billion, according to NOAA. Its unadjusted value is $125 billion.

It brought with it extremely high levels of rainfall, with over 50 inches of rainfall in parts of Texas between Aug. 25 and Aug. 31, 2017, according to NWS. More than 80 people died during the hurricane.

Hurricane Maria

In 2017, Hurricane Maria devastated many Caribbean islands, including Dominica, Puerto Rico, and the US Virgin Islands. according to N.W.S. As a Category 5 hurricane, its winds reached over 160 mph.

Hurricane Ida damage

Puerto Rico’s infrastructure was severely damaged during the deadly hurricane. The study found that Maria caused nearly 3,000 deaths.

NOAA has estimated Maria’s adjusted value at $107.1 billion. Unadjusted, the hurricane cost $90 billion.


hurricane sandy

In 2012, Hurricane Sandy affected parts of the Caribbean and many states on the US East Coast, including Florida, New Jersey, and New York, according to the Federal Emergency Management Agency.

Hurricane Yan

Adjusted for the 2022 CPI, the hurricane cost $81.9 billion, according to NOAA. Its unadjusted cost was $65 billion. In New York City, the hurricane destroyed about 300 homes and damaged more than 69,000 residential units, according to city officials.

Hurricane Ida

A Category 4 hurricane in Ida in 2021 resulted in $78.7 billion in adjusted costs and $73.6 billion in unadjusted costs, according to NOAA.

Louisiana hurricane

It made landfall in the US in southeast Louisiana, cutting off power and causing severe flooding.


Hurricane Irma

In 2017, Hurricane Irma “caused widespread destruction in affected areas and became one of the strongest and most costly hurricanes on record in the Atlantic Basin.” said NHC in the report. The storm made landfall seven times, including one near Cujo Key, Florida and one near Marco Island, Florida.

Its 2022 CPI-adjusted value was $59.5 billion, slightly more than its $50 billion unadjusted value, according to NOAA.