Hurricane Ian Is Expected to Rank Among the Most Costly Storms in History

Hurricane Ian is poised to become one of the most expensive hurricanes in U.S. history.
According to Chuck Watson, a disaster modeler and director of research and development at Enki Research, the economic losses and damages in the Sunshine State could total between $45 billion and $70 billion. This would rank as the sixth most expensive hurricane on record.
In the coming weeks, Florida and the broader national economy might have to experience a wide range of other financial consequences.
One of these could be the destruction of crops and fertilizer-manufacturing regions. The futures market is already responding, with the November frozen concentrate orange juice futures surging more than 5 percent, to $1.9225 per pound on the U.S. ICE Futures exchange on Wednesday….