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ST. PETERSBURG, Fla. — Florida wildlife experts are warning locals in areas battered by Hurricanes Helene and Milton to avoid dark floodwaters for a hair-raising reason: alligators and snakes. The Florida Fish and Wildlife Conservation Commission wrote on X after Milton hit: “Some wildlife, such as alligators, snakes, and bears are more likely to be seen after a storm. She warned that alligators don’t want to be near people, but if someone tries to grab them, they will snap at them. Also ahead of Milton, the Florida Health department urged people to avoid floodwaters due to exposure to Vibrio, a flesh-eating bacteria commonly found in warm coastal waters. It stirred up colonies of yellow jackets in western North Carolina, likely due to their underground nests being destroyed from rain, flood water and toppled trees.

Persons: Milton, ” Rene Walker, “, ” Walker, Jen Messer, ”, Messer, ” Messer, ” Ron Magill, Keith March, We’ve, Walker, Hurricane Helene Organizations: Hurricanes, Hurricane Milton, Tampa Bay, NBC News, Florida Fish and Wildlife Conservation, gator, Zoo Miami, and Wildlife Conservation Commission, Florida Health Locations: PETERSBURG, Fla, — Florida, Hurricane, Tampa Bay, Tampa, Pascoe County, ”, Florida, Milton, North Carolina

☆ North Carolina: FEMA forced to pause Hurricane Helene aid due to reported threats toward responders
▼ + stars: | 2024-10-14 | by ( Paradise Afshar | Ella Nilsen | ) edition.cnn.com time to read: +4 min

CNN —Aid to several communities impacted by Hurricane Helene was temporarily paused in parts of North Carolina over the weekend due to reports of threats against Federal Emergency Management Agency responders, amid a backdrop of misinformation about responses to recent storms. Some FEMA teams helping disaster survivors apply for assistance in rural North Carolina are currently working at secure disaster recovery centers in counties where federal workers are receiving threats, a FEMA spokesperson told CNN on Monday. More than 100 people were killed in North Carolina and thousands of others were left grappling with catastrophic damage. There were more than 1,200 FEMA staff providing support in North Carolina as of Saturday, according to an update from the agency. FEMA officials have received threats before, but the difference is the magnitude of threats received in the wake of Helene’s devastation in North Carolina, the FEMA spokesperson told CNN.

Persons: Hurricane Helene, It’s, Helene, Phil Howell, Howell, we’ve, Hurricanes Helene, Milton, Joe Biden, ”, Kerry Giles, CNN’s Jalen Beckford Organizations: CNN, Federal Emergency Management Agency, FEMA, National Guard, Washington Post, Sheriff B, Facebook, Rescue, Hurricanes, Biden, Senior Locations: Hurricane, North Carolina, Rutherford County, Asheville, Florida, Ashe County, Tennessee, Virginia, ”, ” Rutherford

☆ Biden, surveying Milton's aftermath, announces $600M for rebuilding in Florida and other states
▼ + stars: | 2024-10-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Elyse-Perlmutter-Circle-Byline-Template.Jpg | Elyse Perlmutter-Gumbiner | ) www.nbcnews.com time to read: +4 min

President Joe Biden announced while surveying storm-damaged Florida on Sunday that over $600 million will flow to states affected by hurricanes Helene and Milton, which ravaged Georgia and North Carolina as well. Ahead of the storm, the Biden administration sought to combat misinformation about the emergency funds flowing to the state. No money is being diverted from disaster response needs. FEMA’s disaster response efforts and individual assistance is funded through the Disaster Relief Fund, which is a dedicated fund for disaster efforts. Disaster Relief Fund money has not been diverted to other, non-disaster related efforts.”FEMA uses Disaster Relief Fund money solely for that purpose.

Persons: Joe Biden, Milton, Pete Beach, Biden, ” Biden, Adrian Petrila, Kathleen Peters, Donald Trump, Jim Jordan, Trump, Mike Johnson, Kristen Welker, “ We’re, ”, “, Welker, I’ve, ” Johnson Organizations: St, Pete, Federal Emergency Management Agency, FEMA, Disaster Relief Fund, Disaster, Fund, Border, Lawmakers, NBC Locations: Florida, Georgia, North Carolina, St, St . Petersburg, Pinellas, Tampa, Ohio, U.S

Here’s the latest:• Gas stations still waiting for fuel: Just under 30% of the state’s gas stations have no fuel as of early Sunday, according to the monitoring website GasBuddy.com. In the hard-hit Tampa-St. Petersburg area, more than three quarters of stations, 77%, are out of gas. Some people told CNN they’ve had to use word of mouth to find out which stations have gas. Paula Cast told CNN her family visited four or five different gas stations Friday, but everything was closed. Then on Saturday, they got a call from one of their friends saying a Wawa station had gas.

Persons: Joe Biden, Ft ., Kevin Guthrie, Ron DeSantis, Crews, ”, Mike Jefferis, •, Biden, Hurricane Milton ”, Milton, Hillsborough County Sheriff Chad Chronister, ” Chronister, they’d, Chronister, CNN they’ve, Paula Cast, we’ve, CNN’s Sam Fossum Organizations: CNN, White House, • Gas, state’s Division, Emergency Management, Patrol, ”, FEMA, Hurricane, Hillsborough County Sheriff, National Weather Service, Hillsborough Locations: Milton, Florida, St, Petersburg, Tampa, Sarasota, Ft, Ft . Myers, Naples, Orlando, state’s, Plant City, Bradenton, Charlotte, Pinellas, Hillsborough, • St, Hillsborough County, Tampa Bay, Hillsborough , Sarasota, Manatee, Lithia , Florida, Valrico, Oldsmar, Pinellas County ., Wawa, Valrico , Florida

☆ Helene and Milton put this net-zero, hurricane-proof community to the test. The lights stayed on as everything else went dark
▼ + stars: | 2024-10-12 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +7 min

Most of the residents living in Hunters Point heeded the mandatory evacuations ahead of Hurricane Milton’s landfall but Fulford, 76, stayed behind with wife, Sueann, just as they did during Hurricane Helene last month. The storm obliterated vast parts of Florida, including the surrounding areas of Hunters Point like Anna Maria Island and Bradenton. Rebecca Blackwell/APMilton knocked out power for more than 2.5 million customers across the state, including in Manatee County, where Hunters Point homes are located. Julian Quinones/CNNWhen Gobuty started the design process for Hunters Point, it was imperative the homes be able to withstand Category 5 hurricanes. Instead, Milton drove the worst storm surge across a 65-mile stretch of coast between Siesta Key and Fort Myers Beach.

Persons: William Fulford, Fulford, Milton, Sueann, Helene, “ I’m, ” Fulford, Anna Maria, Hurricane Milton, Maria, Rebecca Blackwell, AP Milton, ” Marshall Gobuty, ”, Julian Quinones, Gobuty, there’s, ” Gobuty Organizations: CNN, Bradenton, Pearl Homes, Hurricanes, AP, Fort Myers Locations: Virginia Beach , Virginia, South Florida, Sarasota Bay, Tampa Bay, Bradenton Beach, Fulford, Siesta, Florida, Bradenton, St . Petersburg, Pines, Park, Maria Island , Florida, Manatee County, Milton, Virginia, Fort Myers Beach

Individuals looking to help storm victims can also be tricked into donating to fake charities, FEMA says. CNN’s Impact Your World team has ways viewers and readers can help Hurricane Milton victims through vetted charities here. Noting that many areas in the county have “incurred severe property damage because of back-to-back impacts from Hurricane Helene and Hurricane Milton,” Pinellas County’s Office of Consumer Protection urged residents in a public advisory Thursday to be cautious when hiring someone to make storm-related repairs. John Falchetto/AFP/Getty ImagesSeniors are more susceptibleIn the aftermath of Hurricane Milton, Florida authorities are also fighting to stop insurance scams targeting storm victims, often the elderly, says Patronis, the state’s chief financial officer. Florida is home to over 6.3 million seniors – anyone 60 and older, according to the Florida Department of Elder Affairs.

Persons: Hurricane Milton, Ron DeSantis, ”, Jimmy Patronis, Melanie McGovern, McGovern, they’re, I’m, ’ ” McGovern, Helene, Milton, “, it’s, ” McGovern, heartstrings, GoFundMe, they’ve, DCNOnline.org, John Falchetto, Fraudsters, ” Patronis Organizations: CNN, Gov, Better, FEMA, Consumer Protection, National Center for Disaster, ” Pinellas County’s Office, ”, Lakes Country, Getty, Florida Department of Elder Affairs, Lakes Country Club Village, State Locations: Hurricane, Florida, Pinellas County, Siesta Key, ” Pinellas, Pinellas, Fort Pierce , Florida, AFP, Hurricane Milton, United States, Fort Pierce

Florida communities grapple with destruction after Hurricane Milton. And Barack Obama talks about “real strength” at a rally for Kamala Harris. Florida embarks on road to recovery after MiltonAt least 16 people have been confirmed dead in Florida after tornadoes touched down and Hurricane Milton slammed into the state this week, leaving a trail of damage and devastation. Milton was the fifth hurricane to hit Florida’s barrier islands in two years, but steadfast residents say living there is worth the risk. More Hurricane Milton coverage:1 dead, 23 rescued after Colorado tourist mine malfunctionAt least one person is dead after an elevator equipment malfunction at a tourist mine in Colorado.

Persons: Hurricane Milton, Barack Obama, Kamala Harris, Milton, ” Fort Myers Beach Mayor Dan Allers, Kathleen Mine, Fisher, Price, Price Snuga, Richard Trumka Jr, “, ”, Obama, Trump, Harris, I’ve, Tim Walz, Read, ➡️ Harris, Howard Stern, Joy Behar, Stephen Colbert, Harris sidestepped, Joe Biden, ➡️, ➡️ Trump, Russian Vladimir Putin, Putin, Angela Alsobrooks, Larry Hogan, — Richie Duchon, Elizabeth Robinson Organizations: Hurricane, The Clearwater Police Department, Coast Guard, ”, ” Fort Myers, ” Fort Myers Beach Mayor, Tampa International, Disney, Universal Studios, Hurricane Milton, U.S . Consumer Product Safety, Fisher, Minnesota Gov, ➡️, Univision, White, Trump, Republican, NBC, Getty, Hurricanes Locations: Florida, Hurricane, Clearwater, Gulf of Mexico, ” Fort, ” Fort Myers Beach, Sarasota, Orlando, Colorado, Teller County, Denver, Pittsburgh, North Carolina, Detroit, Russian, York, Maryland

FORT MYERS BEACH, Fla. — Christal Shola was one of dozens of people in a long stream of cars waiting to re-enter Fort Myers Beach on Thursday a few hours after Hurricane Milton slammed into the town. A person walks through surge waters after Hurricane Milton made landfall in the Sarasota area in Fort Myers on Wednesday. Local and federal officials have praised residents for taking evacuation warnings seriously and leaving at-risk communities, including the barrier islands, long before the storm hit. “I really want to thank the residents of the barrier islands for listening to us this time,” Pinellas County Sheriff Bob Gualtieri said. Other barrier islands remain inaccessible or have limited services for residents.

Persons: Christal Shola, Hurricane Milton, Hurricane Ian, Shola, Joe Raedle, ”, “, ” Milton, Dan Allers, Milton, Pinellas County Sheriff Bob Gualtieri, Helene, “ It’s, John Chappie, “ We’re, ” Sam Brock, Alicia Victoria Lozano Organizations: MYERS, Fort Myers, Hurricane, ”, Pinellas County Sheriff, Appliances Locations: MYERS BEACH, Fla, Fort, Fort Myers Beach, Estero, Gulf, Hurricane, Sarasota, Fort Myers, Florida, Pinellas County, Sanibel, Bradenton Beach, Milton, Helene, Los Angeles

☆ Photos show some houses survived Hurricanes Helene and Milton while their neighbors crumbled. Homeowners can learn from them.
▼ + stars: | 2024-10-11 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: 1 min

"If you're doing only one thing, do the garage door because that is your largest and weakest opening," Chapman-Henderson said. Debris from damaged houses surround houses still standing after Hurricane Helene made landfall in Horseshoe Beach, Florida. CHANDAN KHANNA / AFPThat's why Chapman-Henderson says it's the most important part of the house to board up ahead of a storm, and the first thing to consider upgrading. The cheapest is to grab a drill and board up the garage door with wood 2-by-4s ahead of any incoming storm. Finally, homeowners can spend a few thousand dollars on a new garage door that's rated to withstand high winds.

Persons: Chapman, Henderson, Hurricane Helene, CHANDAN KHANNA Locations: Horseshoe Beach , Florida

☆ Florida residents are returning home after Hurricane Milton
▼ + stars: | 2024-10-11 | by ( Nicole Chavez | Taylor Galgano | ) edition.cnn.com time to read: +6 min

CNN —There wasn’t much more than piles of debris from shattered homes when Vickie Ward returned Friday to her Grove City, Florida, neighborhood after Hurricane Milton. Vickie Ward said her home in Grove City, Florida, was damaged by hurricanes Helene and Milton. Her home in North Port, Florida, has been damaged multiple times by storms and she had just finished paying off repairs from Hurricane Ian in 2022. “To be honest with you, I don’t want to … It’s my fourth hurricane and four times I’ve gotten demolished. Sheriff’s deputies took them back to their home on an airboat after their neighborhood flooded by storm surge from Hurricane Milton and the Alafia River overbank flow.

Persons: Vickie Ward, Hurricane Milton, “, Helene, ” Ward, Ward, Milton, WxChasing, Brandon Clement, It’s, ”, Clement, Angie Dooley, ” Dooley, Dooley, Scott, “ I’m, ” Scott Dooley, Rina Tabak’s, Hurricane Helene, Tabak, Milton ., ” Tabak, Cheryl Bernatowicz, ” Bernatowicz, CNN’s Jake Tapper, Bernatowicz, Ralph Genito, Sheriff’s, it’s, ” Genito, Hillsborough County Sheriff Chad Chronister, Genito, that’s, ” Ralph, ” CNN’s Isabel Rosales, Mounira Elsamra Organizations: CNN, Sunshine State, Florida Near, Florida, Hillsborough County Sheriff Locations: Grove City , Florida, Hurricane, Fort Myers, St . Petersburg, Daytona Beach, Tampa, Hillsborough County, Milton, Florida Near Sarasota, North Port , Florida, Florida, East of Tampa, Valrico , Florida, Hurricane Milton

TAMPA, Fla. — 54-year-old Joseph Malinowski, who has been dubbed “Lieutenant Dan” on social media, has survived record-breaking Hurricane Milton on his 20-foot sailboat. As Hurricane Milton was bearing down on Tampa, Malinowski posted to his social media account to soothe his newfound audience’s worries, even as his boat rocked and shaked against increasing wind and rain. “I’m doing great!” he told NBC News on Wednesday around 7 p.m., approximately two hours before the storm was set to make landfall. "Lieutenant Dan" on his boat Wednesday in Tampa. “I’m going to go back to doing my regular thing, which I think is pretty inspirational,” he told NBC News.

Persons: Joseph Malinowski, Dan ”, Milton, Malinowski, Terrence Concannon, Hurricane Helene, Hurricane Milton, ”, — Malinowski, “ I’m, Dan, Spencer Platt, I’m, ” “, “, “ Everything’s, Forrest Gump, weren’t, Ross, ” Malinowski, he’s, Concannon, ” Matt Lavietes, Sophia Pargas Organizations: Hurricanes, Hurricane, NBC, NBC News, Tampa Police Department, University of Tampa senior, Police Locations: TAMPA, Fla, Tampa, New York City

☆ The chemtrail conspiracy theory has its moment in the sun amid hurricanes Milton and Helene
▼ + stars: | 2024-10-10 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +7 min

As myths about Milton and Helene spread, interest in chemtrails increased too on Google search and social media. Despite the lack of evidence to support it, the so-called chemtrail conspiracy theory has endured for decades. Some of the promotion of the conspiracy theory has taken on a distinctively antisemitic tone. Peters previously promoted the unhinged conspiracy theory that ballots were flown from Asia as part of a plot to steal the 2020 election from President Trump. Friedrich suggested the conspiracy theories blaming weather manipulation for the devastation caused by Hurricanes Helene and Milton is a way to distract from the real effects of climate change.

Persons: Milton, Donald Trump, Helene, ” Trump, Robert F, Kennedy Jr, ” Daniel Swain, ”, Harris, Hurricanes Helene, Alex Jones, “, ” Jones, Stew Peters, X, Hurricane Milton, ” Peters, Peters, Trump, Marjorie Taylor Greene, Rothschild, Greene, Katja Friedrich, Friedrich, Joshua Horton Organizations: CNN, Hurricanes, Trump, Google, Harvard University, University of California, Biden, Pentagon, NOAA, Republican, University of Colorado Locations: Tennessee, University of California Los Angeles, Hurricane, United States, Asia, Arizona, California, University of Colorado Boulder

☆ FEMA was strapped for cash even before America's hurricane double whammy
▼ + stars: | 2024-10-10 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +8 min

FEMA for two months had to pause $9 billion meant for communities still recovering from past disasters. In this case, for nearly two months, FEMA hoarded $9 billion to make up for delayed funding from Congress. But Biden-administration officials warn of another shortfall as soon as January, especially after Hurricane Milton slammed into the Tampa area late Wednesday. "So if FEMA delays reimbursements, local governments have to bear those costs, and they may put off recovery efforts. FEMA officials have repeatedly said they have enough resources to respond to Hurricane Helene and now Hurricane Milton but declined to specify how much disaster aid remained available.

Persons: Milton, Helene, Hurricane Milton, Biden, Craig Fugate, Obama, Carlos Martín, Martín, Yucel Ors, Joe Biden, Mike Johnson, Hurricane Helene, Johnson, Ors Organizations: Hurricanes, FEMA, Service, Federal Emergency Management Agency, Hurricane, FEMA doesn't, Harvard University, National League of Cities, White, Republican, Fox Locations: Florida, Hurricane, Vermont, California, Pacific, Tampa, Washington, Louisiana, Milton, North Carolina , Georgia, South Carolina , Florida , Tennessee, Virginia, Asheville , North Carolina, Asheville

☆ How did FEMA spend $9 billion so quickly? Back-to-back disasters
▼ + stars: | 2024-10-10 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

This rapid spend rate is a reflection of just how many earlier disasters the agency is dealing with in addition to Milton and Helene. Here’s what to know:How did FEMA spend $9 billion so quickly? That gave FEMA about $20 billion worth of funding to tap into as it responded to Helene and Milton. “In August, we had paused obligations for recovery projects for all of those other open disasters,” Criswell told reporters. Last year, the US had a record 23 disasters costing at least $1 billion by September – with 28 such disasters in the calendar year, the most ever recorded.

Persons: Helene, Milton –, Deanne Criswell, Milton, Criswell, Dominick Del Vecchio, “, ” Criswell, Hurricane Helene, Adam Smith, Hurricane Beryl, Greenlee Beal, NOAA’s Smith, isn’t, It’s, Smith, ” Smith, ” CNN’s Lauren Fox Organizations: Washington CNN, Federal Emergency Management Agency, FEMA, Disaster Relief Fund, Rescue, Task Force, Nevada Task Force, Reuters, Hurricane, NOAA, CNN, “ Locations: Milton, Nevada, Maui, Lahaina , Hawaii, Texas , California, New Mexico, Hurricane Milton, ”, California, Texas, New England, Dallas, Galveston , Texas, United States

☆ Catastrophe bond investors unlikely to be dealt massive losses as Florida dodges Milton's worst-case scenario
▼ + stars: | 2024-10-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hurricane Milton's impact on Florida won't cause major losses for catastrophe bond investors, portfolio managers say. Insurance companies still face significant losses, but cat bond investors aren't eyeing the worst-case scenario. AdvertisementThe impact of Hurricane Milton on Florida is unlikely to trigger massive losses for catastrophe bond investors. The losses for cat bond investors, therefore, might only be in the low-single digits. This will drive an increase in risk premiums, leading to higher return expectations for cat bond investors moving forward," Steiger said.

Persons: aren't, —, Helene, Milton, Chin Liu, Tanja Wrosch, That's, Florian Steiger, Steiger Organizations: Insurance, Service, Investors, Twelve, Bloomberg, Icosa, Progressive, Allstate, Chubb Limited, Swiss Locations: Florida, Hurricane Milton, Tampa, Milton

☆ Here's how catastrophe bond investors are reacting to Milton
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how catastrophe bond investors are reacting to MiltonJeffrey Davis, portfolio manager and partner at Elementum Advisors, joins CNBC's 'The Exchange' to discuss how insurance-linked securities are performing in the wake of Hurricanes Helene and Milton, how returns are impacted by storm damage, and more.

Persons: Milton Jeffrey Davis, Helene, Milton Organizations: Elementum Advisors

☆ Stock market today: Indexes decline after inflation comes in hotter than expected
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes dipped Thursday as investors took in hotter-than-expected inflation data. Traders see the latest data solidifying odds of a 25 basis point rate cut next month. AdvertisementUS stocks edged lower on Thursday as investors took in slightly hotter-than-expected inflation data after last week's blockbuster jobs report. The core CPI reading, which excludes food and energy costs, came in at 3.3% year-over-year, slightly above forecasts of 3.2% and 0.3% higher than the August reading. JPMorgan's top strategist, one of Wall Street's biggest bears, is turning upbeat on the stock market for the first time in two years.

Persons: —, Milton, Bill Gross Organizations: Traders, Service, CPI, Federal Reserve, JPMorgan, Labor Department, FEMA, Hurricanes Locations: Here's

☆ The science of how Hurricane Milton became such a monster
▼ + stars: | 2024-10-09 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

The Summary Hurricane Milton intensified at one of the fastest rates in recorded history. At nearly every turn, Hurricane Milton has offered surprises. Milton is the strongest Gulf of Mexico hurricane since Hurricane Rita in 2005. However, Lin said, “that doesn’t make it any less dangerous.”Even with slower winds, Milton is expected to remain a major hurricane until landfall Wednesday night. “That would tie 2024 with 2005 and 2020 for 2nd most Gulf hurricane landfalls on record, trailing only 1886,” meteorologist Philip Klotzbach wrote on X.

Persons: Hurricane Milton, Milton, Campeche —, Chris Slocum, ” Slocum, ”, John Morales, Karthik Balaguru, Jonathan Lin, Milton “, Rita, Slocum, ” Lin, Milton “ wobbled, Lin, Hurricane Irma, Hurricane Helene —, —, Helene, Philip Klotzbach Organizations: Hurricane, Hurricanes, National Oceanic, Atmospheric Administration’s, NBC South, Climate Central, Pacific Northwest National Laboratory, Cornell University, National Hurricane Center, Tampa Bay, Atlantic Locations: Gulf, Mexico, Hurricane, Tampa Bay, Africa’s, Caribbean, Gulf of Mexico, Florida, Campeche, NBC South Florida, Milton, Tampa, Florida’s

☆ Hurricane Milton isn't the end of our destructive storm season. There's likely more to come.
▼ + stars: | 2024-10-09 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +6 min

AdvertisementThen hurricane season went quiet. There were no named storms between August 13 and September 3 — typically around when hurricane season is reaching its peak. CHANDAN KHANNA/Getty ImagesAt the start of the Atlantic hurricane season in June, NOAA predicted up to 13 hurricanes by the season's end. Joe Raedle/Getty ImagesThis year's unusual hurricane season may be a sign of things to come. AdvertisementRosencrans said that there's a large window for peak hurricane season, and the peak varies each year.

Persons: Milton, We've, Hurricane Milton, Hurricane Helene, Kelly Núñez Ocasio, What's, Debby, Ernesto, Hurricanes Helene, Niña, it's, Matthew Rosencrans, CHANDAN KHANNA, Rosencrans, Stephanie Zick, It's, Núñez Ocasio, Helene, Joe Raedle Organizations: NOAA, Service, Atlantic, Texas, University's Department, Atmospheric Sciences, Atmospheric Administration, Hurricanes, Colorado State University's Department of Atmospheric, Virginia Tech's Department of Geology Locations: Hurricane, Florida, Pacific, Florida's, Bend, Gulf of Mexico, Caribbean, Hurricane Milton, Gulf, St, Petersburg , Florida

☆ Owners of 'catastrophe bonds' are staring down big losses as Hurricane Milton barrels toward Florida
▼ + stars: | 2024-10-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Hurricane Milton may cause major losses for catastrophe bond investors. AdvertisementThe back-to-back barrage of Hurricanes Helene and Milton could trigger big losses for investors in catastrophe bonds. However, on the other hand, a strong hurricane can trigger various clauses within catastrophe bonds, resulting in big losses for investors. AdvertisementHowever, according to RBC, higher reinsurance rates implemented following Hurricane Ian could soften the blow for cat bond investors, depending on the severity of Hurricane Milton. The potential for massive damage caused by Hurricane Milton, which is considered to be a once-in-a-generation event, is also dragging down global reinsurer stocks.

Persons: Milton, —, Hurricanes Helene, Hurricane Ian, Hurricane Milton, Helene, Hurricane Organizations: Service, Hurricanes, Investors, Swiss Re, Hurricane, Jefferies, RBC, Cat, Swiss Locations: Florida, Hurricane, Artemis, Hurricane Milton, North Carolina, Munich

☆ White House 'in touch' with airlines as hurricanes Helene, Milton spark price-gouging fears
▼ + stars: | 2024-10-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Price gouging is the practice of retailers artificially inflating prices dramatically when the retailer's costs have not increased. In times of crisis, when urgent demand vastly outpaces supply, consumers can be especially vulnerable to price gouging. Florida is preparing for Hurricane Milton to make landfall on its western coast Wednesday, deepening the wounds left by the devastation of Hurricane Helene, which ravaged the southeastern U.S. about a week earlier. The attorney general's office has received more than 450 consumer contacts alleging price gouging related to Helene, which "mostly concern fuel," a spokesperson told CNBC. Though the price-gouging panic is normal during natural disasters, just the term "price gouging" has political implications, less than a month out from a presidential election that is extremely close.

Persons: Pete Buttigieg, Joe Biden, Hurricane Helene, Hurricane Milton, Milton, Helene, Kamala Harris, Harris, Howard Stern, — CNBC's Leslie Josephs Organizations: White, The Department of Transportation, Hurricane, CNBC, Transportation, —, Tampa International, Orlando International Airport, . American Airlines and United Airlines, Florida Attorney General's, Democratic Locations: Washington ,, Florida, Hurricane, U.S, Tampa, Milton

CNN —Vice President Kamala Harris on Tuesday said she thinks former President Donald Trump has no empathy for others as he continues to spread misinformation about the federal response in the wake of Hurricane Helene. Following Hurricane Helene, and with Hurricane Milton barreling toward Florida, Trump has repeatedly falsely claimed, without evidence, that the White House is diverting disaster relief aid to unrelated migrant programs. Harris described traveling to both Georgia and North Carolina to survey the impact of the hurricane, emphasizing the “pain” and “shock” people are still in. They’re really, really, really worried. Ron DeSantis, whose state is bracing for impact from Hurricane Milton.

Persons: Kamala Harris, Donald Trump, Hurricane Helene, “, ” Harris, ABC’s, Helene, Hurricane Milton, Trump, Biden, wasn’t, Joe Biden, Harris, Milton, It’s, Alejandro Mayorkas, “ I’m, ” Mayorkas, American ’ Biden, ” Biden, ”, They’re, he’s, they’re, Ron DeSantis, DeSantis, I’ve, —, ‘, ’ ” Biden Organizations: CNN, Hurricane, FEMA, Homeland, White, Biden, Florida Gov, Democrat Locations: Hurricane, Florida, Georgia, North Carolina, American, Hurricane Milton

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