Hurricanes and typhoons are estimated to cause a whopping $133 billion in damage in 2024. According to reinsurance company Munich Re, this year's storm season was the costliest since 2017. Economic losses were well above both the ten-year average ($89 billion) and the 30-year average ($63 billion). The main reason was the severe North Atlantic hurricane season, which caused a total of $110 billion in damage in North America alone, according to Munich Re. Helen alone caused more than $50 billion dollars worth of damage.