Hurricane Ian , Could End Up Causing , $65 Billion in Damage.<br />ABC reports that Hurricane Ian has already <br />done devastating damage after making landfall <br />in Florida, and the storm is still raging.<br />After briefly dropping to tropical storm <br />strength, Ian climbed back to Category 1 <br />status as it approached South Carolina.<br />According to a projection by data firm Enki Research, the economic damage caused by the hurricane could reach up to $65 billion.<br />Enki Research's estimate suggests <br />the best-case scenario for storm <br />damage would be $55 billion.<br />ABC reports that the projected cost is less than half of the damage caused by Hurricane Katrina, which totaled $161 billion.<br />Hurricane Ian demolished homes and businesses, damaged vital infrastructure and has harmed citrus fruit trees, a key industry in the state.<br />ABC reports that Florida <br />makes up 70% of all citrus fruits <br />produced in the United States.<br />On September 29, President Joe Biden approved <br />a major disaster declaration for the state, permitting additional federal assistance for Florida.<br />On September 29, President Joe Biden approved <br />a major disaster declaration for the state, permitting additional federal assistance for Florida.<br />Biden vowed the federal government's full support <br />in clearing the debris, assessing the damage caused <br />by the storm and rebuilding public structures.<br />ABC reports that over 8,700 people have already registered for aid from the Federal Emergency Management Agency, or FEMA.<br />ABC reports that over 8,700 people have already registered for aid from the Federal Emergency Management Agency, or FEMA
