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☆ Los Angeles wildfires could be costliest blaze in U.S. history
▼ + stars: | 2025-01-09 | by ( Spencer Kimball | ) www.nbcnews.com time to read: +1 min

The wildfires wreaking devastation in the Los Angeles area could become the costliest blaze in U.S. history. The insured losses from this week’s fires may exceed $20 billion, according to estimates published by JPMorgan on Thursday. Five wildfires fueled by dry conditions and strong winds have burned through 29,000 acres of land around Los Angeles since Tuesday, according to Cal Fire. The estimated economic losses from the wildfires has more than doubled since Wednesday to nearly $50 billion, according to the investment bank. The economic losses could rise to $57 billion, according to estimates from AccuWeather.

Persons: Jimmy Bhullar Organizations: JPMorgan, Cal Fire, LA, LA County Sheriff Locations: Los Angeles, Aon, Palisades, Eaton, LA County, California, AccuWeather

☆ LA fires could hit $50 billion or more in damages. They're shaping up to be the most expensive in state history.
▼ + stars: | 2025-01-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

The Los Angeles wildfires could cause up to $57 billion in damage, Accuweather estimates. The fires are destroying expensive real estate in Santa Monica, Malibu, and other neighborhoods. The Los Angeles wildfires could cost between $52 billion and $57 billion in damages and economic losses, according to a preliminary estimate from weather forecasting service Accuweather. The cost estimates include damages to homes and businesses, as well as negative impacts on tourism and health from smoke inhalation, Accuweather said. German insurance company Munich Re estimated it caused overall losses of $16.5 billion.

Persons: Accuweather, Mark Hamill, James Woods, Jonathan Porter, Daniel Swain, LAList Organizations: State Farm, Los Angeles Pacific Palisades, Paris Hilton, Munich Re, UCLA Locations: Santa Monica, Malibu, California, Munich

☆ Natural gas surges 20% on expectations for colder-than-usual January on the East Coast
▼ + stars: | 2024-12-30 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Natural gas futures prices surged on Monday, hitting a new 52-week high following reports of a colder-than-usual temperature outlook for January. The West, however, is expected to see temperatures come in milder than average, according to the report. John Kilduff of Again Capital said on CNBC's "Squawk on the Street" Monday that we could see natural gas "freeze offs" taking place, meaning disruptions in natural gas production flows. "We are talking [about] bone-chilling, polar-vortex weather, which has caused this spike in natural gas this morning," the firm's founding partner said. The February futures move comes as natural gas – which is used for home heating – has seen major gains as of late.

Persons: it's, John Kilduff, Brent Organizations: Linden, The Weather Company, U.S, West Texas Intermediate Locations: Linden , New Jersey, Florida, Maine, Great, The, United States, Colorado, Utah, Arizona, New Mexico, January's

☆ China's big air show opened with a glitzy aerial display of its fighters, but crowds couldn't see much in the smog
▼ + stars: | 2024-11-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's hyped air show kicked off with performances from its aerobatics team on Tuesday. But the grand display was dampened by smog filling the skies over Zhuhai, Guangdong. AdvertisementChina's biggest air exhibition opened on Tuesday to smoggy skies obscuring an intricate aerobatics performance meant to display the country's aircraft to the world. In its first official public appearance, the J-35A flew briefly at the opening in Zhuhai, climbing into the hazy sky. The smoggy opening also comes as China has sought to shed the reputation of its cities as being wracked by air pollution.

Persons: —, Sp0wzC4wWm —, Lockheed Martin's, COMAC Organizations: Service, Liberation Army Air Force, Sp0wzC4wWm — Reuters, Red Falcon, Lockheed, Boeing, University of Chicago, WHO Locations: Zhuhai, Guangdong, China

☆ Hurricane season isn't over. Experts predict a final surge of storms and maybe even a December cyclone.
▼ + stars: | 2024-10-29 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Hurricane season may end with a November surge of storms starting next week, AccuWeather forecasts. Chance of a December cycloneIt's already been a nasty hurricane season, with storms so far causing more than 300 deaths and nearly $500 billion of losses in the US, according to AccuWeather. Hurricane season ends on November 30, but DaSilva said there may be a rare December cyclone this year. However, the NHC said in August that this Atlantic hurricane season would likely produce 17 to 24 named storms total. AdvertisementThis could lead to a tropical storm or even a hurricane in the first few days of November," DaSilva said.

Persons: —, Hurricane Milton, Alex DaSilva, Chance, DaSilva, Hurricane, Sean Rayford, Bernie Rayno, Milton, Nicole, Hurricane Ian, Kate Organizations: Hurricanes, Service, Associated, National Hurricane Center, Business, NHC, Florida, Yankee Locations: Florida, Carolinas, Milton, Hurricane, Gulf Coast — Alabama, Mississippi , Louisiana, Texas, AccuWeather ., Bat Cave , North Carolina, Caribbean, Sarasota , Florida, Cuba

☆ Husband dies after Maine couple is lost in woods for days, wife may have survived thanks to dog
▼ + stars: | 2024-10-21 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Pamela Helmstadter went to get help, but “got disoriented in the woods and could not get home,” the Maine Game Wardens said in a news release. After spending four nights in the woods, she was located on Thursday — alive, but hypothermic — by the Maine Game Wardens and warden K9s, over a mile from her home. Maine Department of Inland Fisheries & Wildlife“Pamela was found severely hypothermic but alert with her dog by her side,” the Maine Game Wardens said. In the days the couple were lost in the woods, the temperature dipped to as low as 26 degrees Fahrenheit at night, according to Accuweather. Josh Beal with the Maine Warden Service told Portland station WMTW.

Persons: —, John Helmstadter, Pamela Helmstadter, Alexander, “, K9s, Pamela, Mark Latti, Sgt, Josh Beal Organizations: . Maine Department of Inland Fisheries & Wildlife, Communications, Maine Department of Inland Fisheries & Wildlife, Maine Warden Service, Service Locations: Maine, Alexander , Maine, Portland

☆ Walmart's in-house meteorologist has been extremely busy
▼ + stars: | 2024-10-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

With hurricane season in full swing, Walmart's emergency response team is working overtime. The company's response to storms like Hurricane Milton is coordinated by meteorologist Tom Bedard. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"Gray-sky days" start around 3:45 a.m. for Walmart's in-house meteorologist, Tom Bedard. Walmart's in-house meteorologist Tom Bedard at work.

Persons: Hurricane Milton, Tom Bedard, Bedard, —, Helene, it's Hurricane Milton, Idalia, We've, Doug McMillon, John Furner, " Bedard, Walmart's, you've, We're, we've, Katrina —, Rita Organizations: Service, National Hurricane Center, it's, Walmart, National Disaster Preparedness Training Center, Emergency, Center, Walmart Walmart, Gulf Locations: Hurricane, Texas, Appalachia, it's Hurricane, Gulf Coast of Florida, AccuWeather, Milton, Bentonvill , Arkansas, Florida, Bentonville, Asheville , North Carolina, Houston, Houston —

☆ Walmart's meteorologist starts his days at 3:45 a.m. when a hurricane is on the way
▼ + stars: | 2024-10-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

AdvertisementWith hurricane season in full swing, Walmart's emergency response team is working overtime. The company's response to storms like Hurricane Milton is coordinated by Tom Bedard. "Gray-sky days" start around 3:45 a.m. for Walmart's in-house meteorologist, Tom Bedard. "Growing up in Houston in the 2000s, I got to see the Gulf Coast hurricane seasons at their worst. "Being able to learn more about something that terrified me is how I found my way into weather."

Persons: Hurricane Milton, Tom Bedard, Bedard, Helene, Idalia, We've, Doug McMillon, John Furner, you've, " Bedard, we've, Katrina —, Rita Organizations: National Hurricane Center —, Hurricane, Walmart, National Disaster Preparedness Training, Emergency, Center, Walmart Walmart, Gulf Locations: Hurricane, Texas, Appalachia, Gulf Coast of Florida, AccuWeather, Milton, Bentonville , Arkansas, Florida, Asheville , North Carolina, Houston, Houston —

☆ Disney World is shutting down as Florida braces for Hurricane Milton
▼ + stars: | 2024-10-08 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Walt Disney World will close early on Wednesday as Florida braces for Hurricane Milton. Other venues, including Universal Studios, have also announced closures. download the app Email address Sign up By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementWalt Disney World will shut down on Wednesday as Florida braces for Hurricane Milton. Related storiesA closure at Disney World is rare: Most hurricanes don't reach as far inland as Milton is expected to. Disney is not alone in closing its gates: Universal Orlando's parks, including Universal Studios, will shutter early on Wednesday and remain closed on Thursday.

Persons: Walt, Hurricane Milton, Nicole, recategorized, Milton, Hurricane Helene, Aquatica Orlando Organizations: Walt Disney, Hurricane, Orlando, Universal Studios, Service, Hurricane Milton, Hollywood Studios, Magic, Disney Springs, Disney, Wilderness, WDW Magazine, National Hurricane Center, SeaWorld Orlando Locations: Florida, EPCOT, Central Florida, Milton

☆ Analysts say the US could see $34 billion in damage from Hurricane Helene slamming into Florida, Georgia, and the Carolinas
▼ + stars: | 2024-10-02 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Hurricane Helene has brought with it a hefty price tag. The hurricane cut power for millions of homes and left at least 166 dead across southeast states. In a Monday report, Moody's Analytics projected the damage from the hurricane to be between $20 billion and $34 billion. Related storiesThe hurricane made landfall in Florida on Thursday as a Category 4 hurricane before becoming less intense as it moved through Georgia, North Carolina, and South Carolina. As of early Wednesday, the storm had cut power for 1.2 million homes and businesses across Georgia, South Carolina, and North Carolina, per The AP.

Persons: Helene, —, Adam Kamins, Kamins Organizations: Service, Associated Press, AP, Cellular, National Oceanic, Atmospheric Administration Locations: Sunshine, Florida, Georgia, North Carolina, South Carolina, Tahoe, Gulf

☆ Why meteorologists avoid afternoon and evening flights in the summer
▼ + stars: | 2024-07-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

"I broke the one rule you should never ever break," the 9News Denver meteorologist told his followers. Advertisement"It was a fun trip, and I did not have to work the next day," Bianchi told BI. Hot air rises, so the warm summer air near Earth's surface starts to rise to higher, cooler altitudes. Morning flights can help you avoid cascading delaysBooking morning flights doesn't just help you avoid nasty weather — it also cushions you against delays that build up throughout the day. Knowing all that science and flight logistics, Bianchi's takeaway is simple: "Book a flight in the morning in summer," he said.

Persons: —, Chris Bianchi, I'm, didn't, Tom Green, Bianchi, Bianchi didn't, Ethan Miller, Alyssa Glenny, Hurricane Beryl, Beryl, Glenny Organizations: Service, LaGuardia Airport, Business, McCarran International Airport, Tornado, Reuters Locations: Denver, United States, Las Vegas , Nevada, Chicago, LaGuardia, Miami, Lakes, New England, Texas

☆ In pictures: India records 'longest' heatwave, Delhi faces water crisis
▼ + stars: | 2024-06-14 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

People filling water in plastic cans from a water supply tanker at Chanakyapuri, Delhi on June 12, 2024. India's capital Delhi is facing a severe water crisis as the country undergoes its "longest spell" of recorded heatwave. "Heat wave to severe heat wave conditions [are] likely to continue over northern parts of India during next 4-5 days," IMD said in a release. The highest daily temperature in Delhi has consecutively surpassed 40°C since May 12, weather forecasting site AccuWeather showed. Other parts of India were not spared, with temperatures in some cities touching 47.5°C on Thursday.

Persons: Mrutyunjay Mohapatra, Atishi Organizations: India's Meteorological Department, IMD, Indian Express, Economic Times, World Meteorological Organization Locations: Chanakyapuri, Delhi, India's, India, Mungeshpur, South, Southeast Asia, Bangladesh, Thailand, Vietnam, Asia

☆ Reese Witherspoon sparked a hygiene debate online after eating snow, but it's nothing new. What is 'snow cream' and why is it all over TikTok?
▼ + stars: | 2024-01-21 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +5 min

Read previewReese Witherspoon sparked an internet debate among her fans and critics after she filmed herself eating snow as a dessert on TikTok. Witherspoon, 47, went viral on Friday when she shared a TikTok video showing herself making a "snow salt Chococinno." "I thought eating snow was like dangerous to our health," one person wrote. Filtered snow. Another reminisced about their childhood, writing, "So nobody grew up eating snow cream?

Persons: —, Reese Witherspoon, Witherspoon, @sugar_boogerz, Alexis Nikole —, TikTok, they've, Jennifer Johnson, AccuWeather, Johnson, Elena Lavrinovich Organizations: Service, Business, Mayo, Health

☆ A viral video appears to show Walmart Spark shoppers with perishable groceries waiting for a ride in the Arizona sun
▼ + stars: | 2024-01-19 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

A viral video appears to show Walmart Spark workers leaving perishable groceries in the sun. Some Spark drivers appear to be using fraudulent identities, as Business Insider previously reported. Additionally, many Spark drivers appear to be using accounts with names other than their own. Walmart previously told BI that selling, renting, or borrowing accounts goes against its policies for Spark workers. Do you work for Walmart Spark and have a story idea to share?

Persons: —, Aaron, YouTube Aaron, Aaron said, wasn't, they've, he'd, dreuter@businessinsider.com Organizations: Walmart, YouTube, Arizona Walmart, Business, Service, Spark ., Spark Locations: Arizona, Chandler , Arizona

WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe. WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS? Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.

Persons: Marcus Collins, Collins, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Dana Telsey, Leonardo Fernandez Viloria, David Bujnicki, Kimco, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Herbert Lash, Josie Kao Organizations: Retailers, Department, Ross School of Business, University of Michigan, Dollar, Walmart, Associates, Nordstrom, Adobe Analytics, Electronics, Mastercard, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Black, REUTERS, Adobe, Labor, Kimco Realty Corp, Consumers, Deloitte, Reuters, Thomson Locations: U.S, Europe, Philadelphia, China, United States, Caracas, Venezuela, Panama, Israel, Sixth, Washington, Germany, India, Spain, United Kingdom, Bengaluru, London

☆ This Thanksgiving, Full Planes to Go With Full Plates
▼ + stars: | 2023-11-17 | by ( Steven Moity | ) www.nytimes.com time to read: +1 min

A government shutdown won’t be disrupting travel plans this Thanksgiving after Congress agreed on Wednesday to a funding package that lasts through early next year. But clouds and crowds might make your trip a slog anyway. The Transportation Security Administration expects about 30 million passengers to fly between this Friday and the Tuesday after Thanksgiving, an 11.5 percent increase over the same period last year. The weather won’t make the Thanksgiving crush any easier. Weekend storms in New England and low clouds and rain on the California coast could cause some delays.

Persons: Paul Pastelok, Melanie Fish Organizations: Transportation Security Administration, Expedia Brands Locations: New England, California, Houston, Chicago, Coast

[1/4] Consumers struggle to enter a store to buy shoes in a store at a shopping center during Black Friday sales, in Caracas, Venezuela November 25, 2022. WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe Analytics. Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.

Persons: Leonardo Fernandez Viloria, Marcus Collins, Collins, Dana Telsey, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Josie Kao Organizations: Black, REUTERS, Retailers, Department, Ross School of Business, University of Michigan, Labor, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Adobe Analytics, Dollar, Walmart, Associates, Nordstrom, Adobe, Consumers, Deloitte, Electronics, Mastercard, Reuters, Thomson Locations: Caracas, Venezuela, U.S, Europe, Philadelphia, Panama, United States, United Kingdom, China, Bengaluru, London

Parts of the East Coast, particularly the Mid-Atlantic, may get more snow than normal because of that, he said. That means more rain in the South and extra storminess in the late winter, Gottschalk said. El Nino often means “unusual severe weather across the state of Florida because of a strong subtropical jet stream,” he said. He pointed to Washington’s paralyzing 2010 Snowmageddon storm that dumped more than 2 feet on the capital region during an El Nino. The Siberian snow cover, El Nino and other factors “indicate an overall mild winter,” he told The Associated Press.

Persons: there’s, Jon Gottschalk, ” Gottschalk, El, Gottschalk, El Nino, it's, ”, Judah Cohen, Cohen, ___ Read, Seth Borenstein Organizations: El Nino, National Oceanic, Atmospheric Administration, NOAA, Environmental Research, Associated Press, Twitter, AP Locations: United, America, East Coast, Tennessee , Missouri , Nebraska, Nevada, California, U.S, Alaska, Pacific Northwest, New England, Massachusetts, East, Tennessee, Texas , Kansas , Colorado , Utah, New Mexico, Arizona, Lake Erie, Washington, United States, Florida, Caribbean, Gulf of Mexico, Boston, Siberia, Boston , New York City, Pittsburgh, Buffalo, Chicago, Minneapolis, Kansas City, Salt Lake City, Philadelphia, Denver, New Mexico , Arizona , Texas , Oklahoma , Arkansas , Mississippi, Alabama

SAN JUAN, Puerto Rico (AP) — Tropical Storm Lee strengthened into a hurricane on Wednesday as it churned through the open waters of the Atlantic on a path that would take it near the northeast Caribbean. The hurricane was located about 1,130 miles (1,815 kilometers) east of the northern Leeward Islands. It had maximum sustained winds of 75 mph (120 kph) and was moving west-northwest at 14 mph (22 kph), according to the National Hurricane Center. “It has the potential to become a powerhouse Category 5 hurricane, the strongest hurricane of the year,” said Jonathan Porter, chief meteorologist for AccuWeather. Lee is the 12th named storm of the Atlantic hurricane season, which runs from June 1 to Nov. 30.

Persons: Lee, Maria, Irma, ”, Jonathan Porter, Jova Organizations: JUAN, National Hurricane Center, British Virgin Islands, AccuWeather, Atlantic, National Weather Service, Atmospheric Administration Locations: Puerto Rico, Leeward, British Virgin, U.S, San Juan, Mexico, Baja California

A man with American Electric Power (AEP) repairs an electricity cable during a heatwave in Eagle Pass, Texas, U.S. July 28, 2023. Power grids carry reserves to ensure the system remains reliable in case a large power plant or transmission line fails unexpectedly. ERCOT forecast demand would reach 85,296 megawatts (MW) on Thursday, just shy of its 85,435 MW record set Aug. 10. MISO projected it would have 125,907 MW of supplies available with 120,656 MW from internal resources and 5,251 MW of imports. That would not be enough to meet the grid's forecast peak of 127,692 MW, which would top the system's all-time high of 127,100 MW in July 2011.

Persons: Adrees Latif, ERCOT, MISO, Brandon Morris, Morris, Scott DiSavino, Nick Zieminski Organizations: American Electric Power, REUTERS, Reliability, of Texas, Thomson Locations: Pass , Texas, U.S, Texas, Central, Houston, Dallas, Minnesota, Louisiana

A man with American Electric Power (AEP) repairs an electricity cable during a heatwave in Eagle Pass, Texas, U.S. July 28, 2023. REUTERS/Adrees Latif/File Photo Acquire Licensing RightsAug 24 (Reuters) - Two U.S. electric grids issued alerts warning of the potential for power shortages on Thursday due to a brutal heat wave blanketing Texas and U.S. Central states. ERCOT faces "a high potential to enter emergency operations this evening" due to low wind generation and high power demand, the grid operator said. AccuWeather forecast temperatures in Houston, the biggest city in Texas, would reach 107 degrees Fahrenheit (41.7 degrees Celsius) on Thursday. MISO projected power use would reach 127,195 MW on Thursday, topping the system's all-time high of 127,100 MW in July 2011.

Persons: Adrees Latif, ERCOT, MISO, Brandon Morris, Morris, Scott DiSavino, Brijesh Patel, Nick Zieminski, Jonathan Oatis, David Gregorio Our Organizations: American Electric Power, REUTERS, Reliability, of Texas, Thomson Locations: Pass , Texas, U.S, Texas, Central, Houston, Dallas, Minnesota, Louisiana

☆ Women's 5,000m heats delayed due to high temperatures
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

According to AccuWeather, the temperature in the Hungarian capital is expected to reach a high of 32 degrees Celsius on Wednesday. "... so we will be moving the (5,000m) heats to 7pm on Wednesday evening," the governing body said, adding that the heats for the men's and women's 200m races would begin earlier on Wednesday. Gudaf Tsegay of Ethiopia is the reigning world 5,000m champion. Her bid to retain the title will see her come up against Kenya's Faith Kipyegon - the world record holder in the distance. Reporting by Lori Ewing, writing by Aadi Nair, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Sifan Hassan, Aleksandra Szmigiel, AccuWeather, Gudaf, Kenya's Faith Kipyegon, Lori Ewing, Aadi Nair, Pritha Sarkar Organizations: National Athletics Centre, Athletics, Kenya's, Thomson Locations: Budapest, Hungary, Netherlands, Ethiopia

“The ground is already really dry — it doesn’t take much for the heat to kind of just build up over there,” said Paul Pastelok, a senior meteorologist at AccuWeather. “And that’s what makes it a bigger heat dome that we’re seeing right now.”In the Minneapolis area, better known for its foreboding winter conditions, forecasters said daily temperature records could fall on both Tuesday and Wednesday, with readings of 99 or 100 degrees possible. Meteorologists said high temperatures were forecast to reach up to 20 degrees above average throughout Iowa and neighboring states over the next few days. The humidity will make it feel even more oppressive, with heat indexes that could approach 120 degrees. Forecasters have issued heat alerts, ranging from advisories to excessive heat warnings, for roughly 100 million people across 22 states.

Persons: ”, Paul Pastelok, Tyler Hasenstein, Amy Heinz Organizations: National Weather Service Locations: Minneapolis, Minnesota, Iowa, Adel , Iowa

☆ Texas grid operator deploys emergency response service as reserves drop
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo Acquire Licensing RightsAug 17 (Reuters) - The main grid operator in Texas said on Thursday it had engaged its emergency system after electricity reserves dropped below the critical 3,000 MW level due to increased power usage amid a heatwave. ERCOT said it also expected lower power reserves due to reduced wind generation. Real-time power prices rose above $5,000 in most of ERCOT Texas hubs, according to the ERCOT website. The grid operator had earlier urged consumers to conserve power between 3 p.m. CDT (2000 GMT) and 8 p.m. CDT on Thursday as demand surged.

Persons: Callaghan, ERCOT, Ashitha Shivaprasad, Rahul Paswan, Harshit Verma, Swati Verma, Chris Reese, Paul Simao, Diane Craft Organizations: REUTERS, Texas, Discount, NRG Energy, Thomson Locations: Houston , Texas, U.S, Texas, Houston, ERCOT Texas, Bengaluru

☆ Maui fire losses could rise to $10 billion: Steps to take to recover financially after a natural disaster
▼ + stars: | 2023-08-15 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +1 min

The extent of the losses in life and property in Maui are still unknown. The economic loss of the Maui fires could total as much as $10 billion, according to AccuWeather. As residents start to pick up the pieces, many of them may be wondering what crucial steps they need to take to recover financially. After ensuring loved ones are safe, many victims of these wildfires may not be sure where to turn to start to rebuild their financial lives. Also, contact your auto insurer and, if you own a small business, your business property insurance company.

Persons: Michael Barry Organizations: Pacific Disaster Center, Federal Emergency Management Agency, Finance, Hurricane Iniki, Insurance, Institute Locations: Maui, Hawaii

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