This question resolves Yes if the total estimate of damage from a 2024 hurricane by the National Weather Service meets or exceeds $150,000,000,000. This would put such a storm roughly in the same league as 2005's Hurricane Katrina, adjusted for inflation.

If repurcussions and estimates are still volatile at the end of the year, up to six months (but hopefully less) will be added to this question to allow the estimate time to stabilize. This market does not require the hurricane to maintain hurricane status for any particular length of time, or to stay in a certain category during landfall, or for the NWS's estimate to include or exclude non-American property.

Feel free to ask clarifying questions in the comments!