AccuWeather’s preliminary estimate of damages and economic losses in the US is $28 billion

Total damage and economic losses from Hurricane Debby in the US are expected to be $28 billion, according to a preliminary estimate by AccuWeather.

The estimate is preliminary as the effects of the storm continue to be felt and some areas have yet to report full information on damage, injuries and other impacts.

“Debby’s first landfall as a hurricane in Florida, second landfall as a tropical storm in South Carolina, and its impacts along its journey across the eastern United States are widespread and will be long-lasting,” said AccuWeather Chief Meteorologist Jon Porter. “Storm winds, flash floods and tornadoes have damaged homes, businesses and schools, and in some cases the damage is severe. Travel disruption and beach erosion have resulted in significant economic losses to the coastal tourism industry during a very busy summer holiday season.”

Related: Storm Debby threatens Carolina with possible flooding, tornadoes

In addition, thousands of flights were canceled, local bans were ordered and many companies were forced to close or reduce services.

Hurricane losses by insurers and reinsurers are expected to be in the billions of dollars, a figure that would be “very manageable” for the industry, according to a report by Gallagher Re.

Wind and water losses could cost insurers between $1 billion and $2 billion. Fewer active insurance policies were partly why losses would be so low, the reinsurance broker’s report said.

Related: AccuWeather: Tropical threat developing in Atlantic could be next named storm

Before Debby, storm surge flooding battered Florida’s Gulf Coast, inundating properties near the coast in population centers like Fort Myers and Tampa. The storm then moved across the southeastern US, bringing more than a month’s worth of rainfall to many areas. Historic and catastrophic flooding has resulted in parts of northern Florida and up the East Coast to the eastern Carolinas, Virginia and parts of the Northeast, according to AccuWeather.

The worst affected areas experienced a meter or more of rain in a day or two, leading to devastating floods that damaged homes and businesses and eventually.

Debby was the second billion-dollar storm to hit the U.S. in what is expected to be an active Atlantic hurricane season.

Related: Extreme Weather Sends Insured Losses 70% Above Historical Norms

AccuWeather estimates Hurricane Beryl caused $28 billion to $32 billion in damage and economic losses in the U.S. when it made landfall in Texas last month and spawned dozens of tornadoes from the Gulf Coast through New York state.

AccuWeather continues to forecast “an explosive season” with 20 to 25 named storms and four to six direct hits on the US this year.

AccuWeather’s estimate for Hurricane Debby takes into account damage to homes, businesses, infrastructure, facilities, roads and vehicles, as well as power outages. The estimate reflects the damage and negative impacts on the economy that occurred as a result of the storm.