Hurricane Ian Poised to Rank Among Most Costly Storms in US History

Hurricane Ian is poised to become one of the most expensive hurricanes in U.S. history.
The economic losses and damage in Florida could total $45 billion to $70 billion, according to Chuck Watson, a disaster modeler and director of research and development at Enki Research. That would rank as the sixth most expensive hurricane on record.
In the coming weeks, Florida and the broader national economy might have to face a wide range of other financial consequences.
One could be the damage to crops and fertilizer-manufacturing areas. The futures market is already responding, with the November frozen concentrate orange juice futures surging by more than 5 percent to $1.9225 per pound on the U.S. ICE Futures exchange on Sept. 28….