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The Economic Impact of Tropical Storms

Recently, Hurricanes Irma and Harvey slammed into the coasts of the Caribbean and southern parts of the United States. These destructive tropical storms caused billions of dollars worth of damage combined and displaced millions of families. JP Morgan recently estimated that the insurance industry could lose $10 to 20 billion from Hurricane Harvey alone. Storms of this nature are frequent in continents around the world including South Asia, the western Pacific Ocean, and the.
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