An economic research firm estimates Hurricane Florence has caused around $44 billion in damage and lost output, the Associated Press reported. Moody's Analytics said that the cost of the damage caused by the storm would be on par with California's Northridge earthquake in 1994, which caused $45.2 billion in current dollars. Moody's estimates Florence has caused $40 billion in damage and $4 billion in lost economic output. The company stressed that the estimate is preliminary and could go higher or lower. If that total is accurate, Moody's said that it would put Florence among the top 10 costliest U.S. hurricanes. The top disaster, Hurricane Katrina in 2005, cost $192.2 billion in today's dollars, while last year's Hurricane Harvey cost $133.5 billion.
