Accuweather expects damage costs to further rise as more storms sweep through California.
“Additional damage and negative impact to the economy is expected to accrue as the parade of storms continues to affect parts of California through Jan. 18,” the company said.
Accuweather’s calculations are based on direct and indirect impacts of the storm including damage to property, job and wage losses, crops, evacuation costs as well as airline delays, lost business and supply-chain interruptions. The tally includes both insured and uninsured losses.
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