Losses from Hurricane Milton could reach as high as $34 billion, according to an early estimate of both flood and wind damage from research firm CoreLogic, with between $4 billion to $6 billion of those losses being uninsured flood damage.

Hurricane Milton caused an estimated $1.5 billion to $2.5 billion in damage to Florida's crops and agricultural infrastructure, according to a preliminary assessment released by the state's Department of Agriculture and Consumer Services on Thursday.

Damage from Hurricane Helene caused a production halt at the largest manufacturer of IV fluid and intravenous solutions in the U.S. Now hospitals and government agencies are scrambling to cope with shortages.

The U.S. government and its agencies are providing recovery assistance and granting import waivers to Baxter International, which makes 60 percent of U.S. IV liquids, after its North Carolina factory was damaged by Helene.