The devastation caused by Hurricane Helene is estimated to result in economic losses reaching as high as $160 billion, with insurance claims expected to hit around $6.4 billion. Thousands of homes, particularly in areas like North Carolina and Florida, were caught unprepared, with a significant portion of households lacking flood insurance, exacerbating the financial toll. As many as 98 percent of flooded households may not receive insurance payouts, shedding light on the existing gaps in the flood insurance system. The aftermath has prompted discussions on the need for comprehensive reform in homeowners' insurance, especially for regions vulnerable to flooding. In response to the crisis, local governments are organizing support initiatives, including 'insurance villages' to assist homeowners in navigating the claims process. The scale of Helene's destruction has underscored deeper flaws in the U.S. insurance market, which many fear could lead to sustained volatility in the sector.