State says Florence caused $17 billion in damage in North Carolina
RALEIGH, N.C. (AP) — 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.