DIRS.INFO The most relevant business & tech news

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

☆ Hurricane Milton might cost insurers up to $50 billion — but it could have been much worse, analysts said
▼ + stars: | 2024-10-11 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Hurricane Milton's insured losses could cost between $30 billion and $50 billion, said analysts. AdvertisementHurricane Milton stormed Florida on Wednesday, leaving an estimated $30 billion to $50 billion of insured losses, according to analysts from Fitch Ratings in a Thursday note. Milton's insured losses could range from $30 billion to $50 billion, according to Fitch, making it the largest since Hurricane Ian in 2022, which caused $60 billion in damages. According to a September report by Moody's Analytics, Hurricane Helene's insured losses were between $20 billion and $34 billion. Fitch analysts said local insurers might face insufficient reinsurance coverage to handle the losses and drive up premium rates.

Persons: —, Hurricane Milton, Milton, Alejandro Mayorkas, Fitch, Ian, Morningstar DBRS, Jefferies, Ron DeSantis, Helene Organizations: Service, Hurricane, Fitch, US Homeland, White, Morningstar, Reuters, Analytics, National Hurricane Center, Gov, Moody's Analytics, P, Global, Swiss RE Locations: Florida, Tampa, Swiss, Fitch

Sean Rayford/Getty Images Cars move slowly through Matlacha, Florida, on Thursday after Hurricane Milton damaged power lines. Chris Urso/Tampa Bay Times/AP A satellite image captures Hurricane Milton reaching the coast of Florida on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “Many areas in the county have incurred severe property damage because of back-to-back impacts from Hurricane Helene and Hurricane Milton,” Pinellas County Consumer Protection said in a public advisory Thursday.

Persons: Milton, Floridians, ”, Ron DeSantis, Walt, Aquatica, Connie Gore, Cecelia Smith, Hurricane Milton, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Helene, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Hurricane Helene, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” DeSantis, “, ” Crews, Melissa Seixas, CNN’s Kate Bolduan, Joe Biden, Deanne Criswell, ” Criswell, Hurricane, it’s, CNN’s Andy Rose Organizations: CNN, St, Daytona, Tampa International, Sarasota Bradenton International, Coast Guard, Walt Disney, SeaWorld, USA, AFP, Getty, AP, Hurricane, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Duke Energy, Pinellas County Consumer Protection, “, Government, FEMA, Cross Locations: Florida, Tampa, Hillsborough, Lithia, Clearwater, Johns, Orlando, Sanibel , Florida, St, Petersburg, Georgia, South Carolina, Aquatica Orlando, Discovery Cove, SeaWorld Orlando, Martin County , Florida, Port St Lucie , Florida, Hurricane, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, Milton, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Bradenton , Florida, St . Petersburg , Florida, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Melissa Seixas , Florida, Pinellas County, Georgia , Tennessee, Carolinas

☆ Florida’s home insurer of last resort is in serious trouble. Will Milton put it over the edge?
▼ + stars: | 2024-10-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +13 min

Flood waters inundated a neighborhood after Hurricane Milton came ashore on October 10 in Punta Gorda, Florida. Andrew West/The News-Press/USA Today Network/Imagn Images A vehicle drives though a flooded street after Hurricane Milton in Siesta Key on Thursday. Rebecca Blackwell/AP The roof of Tropicana Field, destroyed by Hurricane Milton, is seen in St. Petersburg on Thursday. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Hurricane Helene, Hurricane Milton, Ron DeSantis, Joe Raedle, Milton, Helene, ” Mark Friedlander, ”, ’, Hurricane Ian, Giorgio Viera, Rebecca Blackwell, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Julio Cortez, Austin, Sean Rayford, Marta Lavandier, Jefferee Woo, Cristobal Herrera, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, Floridians ’, Denise Rappmund, Rappmund, Bobby Atwood, Atwood, won’t, isn’t Organizations: New, New York CNN, Property Insurance Corp, Citizens, Dade, “, Insurance Information Institute, CNN, DeSantis, Republican, CNBC, Hurricane, Getty, AP, USA, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Moody’s Investors Service Locations: New York, Florida, Miami, Monroe, Hurricane, Punta Gorda , Florida, Central Florida, Lakewood Park , Florida, Siesta Key, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice , Florida, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, Venice, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Milton

Hurricane Milton dumped so much rain over parts of Florida’s Tampa Bay area that it qualified as a 1-in-1,000-year rainfall event. Other significant rainfall totals across Florida included 14.01 inches in Clearwater Beach, 13.09 inches in Baskin, 11.43 inches in Tampa and 10.12 inches in Seminole. The National Weather Service issued a flash flood emergency for Tampa and St. Petersburg that lasted until 2:30 a.m. Preliminary measures on Wednesday indicated that 7 inches had fallen in St. Augustine, 7.38 inches in Titusville and 3.05 inches in Daytona Beach, according to the National Hurricane Center. Hurricane Milton has moved back out to sea, but additional rainfall and flooding are expected to persist through Thursday in parts of eastern and central Florida, according to the National Hurricane Center.

Persons: Milton, ” Matthew Cappucci, ” Milton, Hurricanes Milton, Helene, Augustine, National Hurricane Center . Hurricane Milton Organizations: National Weather Service, Hurricanes, National Hurricane Center, National Hurricane Center . Hurricane Locations: Florida’s Tampa Bay, St, Petersburg, Siesta, Florida, Clearwater Beach, Baskin, Tampa, Seminole, Milton, Gulf of Mexico, Titusville, Daytona Beach

☆ Millions without power in Florida after Hurricane Milton churns across the state
▼ + stars: | 2024-10-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

A vehicule is stranded on a water-flooded street after Hurricane Milton made landfall in Brandon, Florida on October 9, 2024. Millions of people in Florida were without power Thursday after Hurricane Milton spawned tornados, flooding, powerful winds and left multiple people dead. Milton made landfall Wednesday evening as a Category 3 storm near Siesta Key on Florida's west coast south of Tampa Bay. The storm churned east-northeastward toward Cape Canaveral with maximum sustained winds of 85 miles per hour and is moving off the coast of Florida into the Atlantic, according to the National Hurricane Center. More than 3 million people were left without power in Florida, according to PowerOutage.us.

Persons: Hurricane Milton, Milton Organizations: Hurricane, Hurricane Milton, tornados, National Hurricane Center . Locations: Brandon , Florida, Florida, Tampa Bay, Cape Canaveral

☆ Hurricane Milton slams into Florida, the latest blow to homeowners already reeling from Helene's destruction
▼ + stars: | 2024-10-10 | by ( Geoff Weiss | Reed Alexander | ) www.businessinsider.com time to read: +6 min

Hurricane Milton barreled into Florida's west coast Wednesday. AdvertisementHurricane Milton made landfall in Florida on Wednesday evening as a Category 3 storm. FEMA insisted Monday it had the "capacity to manage multiple simultaneous disasters," including Helene and Milton. As for FEMA funding, Criswell noted during the briefing that there is currently $11 billion in its Disaster Relief Fund and said she's evaluating whether it will be necessary to ask Congress for more. Advertisement"The funding is there to support Helene and Milton," Criswell said.

Persons: —, Milton, Helene, Dante Sacks, Fort Myers, we're, Sacks, It's, Helene —, Alejandro Mayorkas, Joe Biden, Deanne Criswell, Donald Trump, Criswell Organizations: Milton, Service, National Hurricane Center, Business, Sunshine State, Homeowners, —, FEMA, Homeland, Federal Emergency Management Agency, Associated Press, New York Times, CNN, Disaster Relief Locations: Florida, Siesta, Sarasota County, of Mexico, Tampa, Atlantic, Parkland, Broward County, St, Petersburg, Fort, Miami, Milton

☆ 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

☆ Hurricane Milton is headed right into $1.1 trillion worth of commercial real estate properties: Moody's
▼ + stars: | 2024-10-10 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

More than $1 trillion worth of property lies in Hurricane Milton's path, Moody's estimated. Hurricane Milton made landfall in Florida on Wednesday as a Category 3 hurricane. AdvertisementHurricane Milton made landfall in Florida on Wednesday as a Category 3 hurricane, and analysts estimate that $1.1 trillion worth of commercial property is set to be exposed to dangerous hurricane winds. This is the speed at which some property damage is likely, the Moody's report said. According to the report, the properties include 44,122 industrial spaces, 78,916 retail properties, 42,387 office buildings, 64,857 apartment buildings, and 5,056 hotels.

Persons: Hurricane Milton, —, Milton, Jefferies, Hurricane Helene, Helene Organizations: Service, Moody's, Hurricane Center Locations: Hurricane, Florida, Tampa, Ft Myers, Florida's Sarasota County, Milton

☆ 6 organizations providing relief efforts for Hurricane Milton
▼ + stars: | 2024-10-10 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Hurricane Milton made landfall late on Florida's West Coast Wednesday night as a Category 3 hurricane. Though downgraded from earlier forecasts, the storm still produced multiple tornadoes and caused major flooding throughout the Florida Peninsula. Local and federal governments urged residents to evacuate, but not everyone had the resources or ability to escape the storm's path. Residents in some affected areas are still recovering from Hurricane Helene, which left at least 220 people dead earlier this month. As recovery efforts get underway, these organizations are providing assistance to those affected by the storm.

Persons: Milton, Hurricane Helene, Helene Organizations: Florida's West Coast, Local, Sunshine State Locations: Florida, Hurricane, Asheville , North Carolina

☆ Photos show the aftermath of Hurricane Milton, Florida's 2nd massive storm in 2 weeks
▼ + stars: | 2024-10-10 | by ( Talia Lakritz | Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

Hurricane Milton slammed into southwest Florida on Wednesday. AdvertisementHurricane Milton ripped through southwest Florida on Wednesday, nearly two weeks after Hurricane Helene hit Florida's Big Bend region. Hurricane Milton made landfall near Sarasota County as a Category 3 storm on Wednesday evening. Ron DeSantis said Hurricane Milton weakened before reaching the Florida coast, lessening storm surges that were predicted to be on par with Hurricane Helene. Photos show the aftermath of Hurricane Milton along Florida's coast.

Persons: Milton, —, Helene, Florida's, Hurricane Milton, Ron DeSantis, Hurricane Helene Organizations: Service, NBC News, Hurricane Locations: Florida, Bend, Hurricane, Sarasota County, St, Petersburg, Florida's

☆ Oil prices rise on Israel-Iran conflict fears and U.S. storm
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose in early Asian trade on Thursday on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida. The world's largest oil producer and consumer has been hit by a second major storm, Hurricane Milton, which made landfall on Florida's west coast, spawning tornadoes and threatening surges of seawater. The storm has already driven up demand for gasoline in the state, with about a quarter of fuel stations selling out of supplies, which has helped support crude prices. Further underpinning prices, investors remained wary of a potential escalation in tensions between Israel and Iran, with Israeli Defense Minister Yoav Gallant promising an Israeli strike against Iran would be "lethal, precise and surprising". Even with threats to the oil-producing Middle Eastern region top of mind, weak demand continues to underpin the fundamental outlook.

Persons: Iran, Hurricane Milton, Yoav Gallant, Joe Biden, Benjamin Netanyahu, Israel's Organizations: Brent, U.S . West Texas, Israeli, U.S . Energy, Administration, Reuters, American Petroleum Institute Locations: Israel, Florida, U.S, Hurricane, Florida's, Iran, China, North America

On Thursday, tropical storm conditions are expected in portions of the northwestern Bahamas. Just one day ago, Hurricane Milton’s tropical storm-force winds extended out 80 miles from the center. This trend is expected to continue until landfall, with Milton expected to bring tropical storm-force winds to much of the Florida Peninsula throughout landfall. Hurricane conditions are expected in some areas beginning Wednesday evening through early Thursday and are possible in other areas on Thursday. Hurricane Milton is still a Category 5 hurricane with winds of 160 mph, according to the 2 a.m. update from the National Hurricane Center.

Persons: Anna Maria Island, Rebecca Blackwell, Milton, Hurricane Milton, Flood Organizations: National Hurricane Center, NHC, Hurricane Locations: Florida, Bahamas, Georgia, South Carolina, Tampa

☆ 33% of homeowners would hire a 'questionable' contractor to save money, report finds
▼ + stars: | 2024-10-09 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

To lower costs, 1 in 3 homeowners are willing to hire a contractor with holes in their resume. About 33% of surveyed homeowners say they'd consider hiring a contractor with a questionable reputation to save money, according to a new report by Clever Real Estate, a housing data site. Generally, homeowners say reputation is the most important factor when hiring a contractor (25%), followed by experience (23%), cost (19%), personal recommendations (13%), availability (11%) and estimated project timeline (10%). As homeowners juggle insurance claims and recovery efforts from back-to-back storm aftermaths, one thing to keep in mind is who to hire as a contractor. Ask for reviews and references "The first thing you want to do is check [the contractor's] reputation," said Hicks.

Persons: Visoot, Clever, Milton, Worters, Hicks, Dunaway, Seale, they'd

☆ Empty gas stations, full hotels, and gridlocked highways: A Tampa resident shares what she saw on her 'terrifying' evacuation from Hurricane Milton.
▼ + stars: | 2024-10-09 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Hurricane Milton threatens Florida's Central Gulf Coast with Category 4 winds and storm surge. An employee tapes up a gas pump ahead of Hurricane Milton. The Milton evacuation comes just days after after she and her boyfriend had to buy supplies and rent a hotel room to avoid Hurricane Helene. AdvertisementMakayla Pelletier, 23, evacuated Tampa as Hurricane Milton barrelled toward her city. As Hurricane Milton draws closer, residents of disaster-prone areas are evaluating how weather events could impact their livelihoods.

Persons: Milton, Hurricane Helene, Makayla Pelletier, —, fiddled, Hurricane Milton, Pelletier, " Pelletier, Jane Castor, Joe Raedle, Pelletier doesn't, Tampa Pelletier, Orlando —, she's, Milton doesn't, Helene, we're Organizations: Service, Gulf Coast, CNN, Tampa, Tampa that's, Hurricane Locations: Gulf Coast, Hurricane, Tampa, Orlando, Gulf, St, Petersburg, Milton, Punta Gorda

☆ Florida's gas stations are running out of fuel and Hurricane Milton could have lasting impacts on the state's supply
▼ + stars: | 2024-10-09 | by ( Kelsey Vlamis | Katherine Tangalakis-Lippert | Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Florida gas stations are running out of fuel ahead of Hurricane Milton's landfall. If the storm damages Port Tampa Bay, it could mean long-term trouble for the gas supply chain. AdvertisementA day before Hurricane Milton was expected to make landfall, gas stations in Florida were already running out of fuel. As of 8 p.m. local time on Tuesday, more than 1 out of 5 gas stations in Florida had no gas, according to data from GasBuddy, which tracks gas prices. But lines at gas stations have been long and gas stations are running out quicker than they otherwise would."

Persons: —, Hurricane Milton, Shon Hiatt, " Hiatt, Ron DeSantis, DeSantis, Christopher Tang, Tang, Hiatt, Patrick DeHaan, DeHaan Organizations: Service, Hurricane, Tampa Bay, Business, Energy, University of Southern California's Marshall School, Port Tampa Bay —, Florida Gov, CNN, National Guard, GasBuddy, Coast Guard Locations: Florida, Tampa Bay, GasBuddy, Milton, Coast, Tampa, Orlando, Central Florida, Port Tampa Bay

☆ 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

☆ Tampa Bay's main hospital is built on a low-lying island. Hurricane Milton could push its defenses to the limits.
▼ + stars: | 2024-10-09 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +4 min

Tampa General Hospital is bracing itself for Hurricane Milton with an AquaFence flood barrier. AdvertisementAs Hurricane Milton approaches Florida's central-west coast, Tampa General Hospital, located on a low-lying man-made island, is bracing for disaster, and is preparing to put its flood defenses to the test. Although the fence was successful in protecting the hospital from Hurricane Helene a couple of weeks ago, Hurricane Milton may prove more challenging. A previous disaster-planning project, modeled after a fictional "Hurricane Phoenix" that was more devastating than Milton is expected to be, highlighted Tampa General Hospital's vulnerabilities. Tampa General Hospital did not immediately respond to a request for comment from Business Insider.

Persons: Milton, —, Hurricane Helene, Hurricane Milton, Tampa's, Jane Castor, Castor, Jennifer Crabtree, Crabtree, Erinn, Skiba Organizations: Tampa General, Hurricane Milton, Service, Tampa General Hospital, National Hurricane Center, Tampa Bay Times, Bloomberg, Business, Tampa Bay Business, Florida Office, Insurance Locations: Tampa, Florida's, Hurricane, Davis, Tampa Bay, Hillsborough, Hurricane Milton, Florida

☆ 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

☆ Oil prices steady after sliding on potential Israel-Hezbollah ceasefire
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied in Asian trading on Wednesday, as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals. Brent crude futures rose 11 cents, or 0.14%, to $77.29 a barrel by 02:23 GMT. Prices had plunged more than 4% in the previous session on a possible Hezbollah-Israel ceasefire, but markets remain wary of a potential Israeli attack on Iran's oil infrastructure. Hezbollah officials on Tuesday appeared to back off from a truce in Gaza as a condition for a ceasefire in Lebanon. The U.S. EIA on Tuesday downgraded its 2024 forecast for global oil demand growth by 20,000 barrels per day (bpd), to 103.1 million bpd, because of weaker industrial production and manufacturing growth in the U.S. and China.

Persons: Hezbollah's, Naim Qassem, Hurricane Milton, Tony Sycamore Organizations: Brent, . West Texas, Macquarie, Reuters, American Petroleum Institute, U.S, EIA, IG . Florida Locations: Israel, Iran, Gaza, Lebanon, U.S, China, Hurricane, Coast, Tampa

☆ Why some Florida residents aren’t evacuating ahead of Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Paul P. Murphy | Michelle Krupa | ) edition.cnn.com time to read: +11 min

Traffic flows east Tuesday along Interstate 4 as residents continue to follow evacuation orders ahead of Hurricane Milton. A motorist drives past broken utility poles downed by strong wind gusts as Hurricane Milton approaches Fort Myers, Florida, on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Julio Cortez/AP A man clears debris left by Hurricane Helene from his home in Treasure Island, Florida, on Monday. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Vivienne Marran, ”, Hurricane Milton, Marran, Helene, they’ve, we’ve, “ I’ve, ” Marran, Helene –, “, Holly Speckhart, Julio Cortez, ‘, Jane Castor, you’re, ” Speckhart, Ian – Bridgit, Budd, Milton, Fort, Ricardo Arduengo, Connor Ferran, Fort Myers, Joe Raedle, Paul Hennessy, Saul Martinez, Stephen Lundgren, Doug Engle, Payton Wyse, Andrew Goncharsky, Lee, Nicolette Mariano, Kaila Jones, Yamil Lage, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Rebecca Blackwell, Hurricane Helene, Bryan R, Smith, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Marta Lavandier, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Anna Maria Island, William Tokajer, ” Tokajer, “ We’ve, we’ll, “ we’ve, I’ve, We’ve, who’d, –, “ you’ve, ” CNN’s Mary Gilbert, Rebekah Riess, Andy Rose, John Berman Organizations: Sol , Florida CNN, CNN, Hurricane, Tampa Bay, ” Tampa Fire Rescue’s, Milton, Tampa Bay Rays, Tampa Mayor, Orlando International Airport, Anadolu, Getty, Disney, Vanguard, School, Ocala, USA, Fort, Palm Beach Daily, Florida Army National Guard, Bradenton, Tampa General Hospital, NASA, International, Reuters, AP, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Holmes Beach Police, Social, Isla del, Sunshine Skyway Locations: Sol , Florida, St . Petersburg, Gulf, Mexico, Tampa, Milton, ” Tampa, Hurricane, Ohio, Cincinnati, Sanibel, Fort Myers , Florida, Orlando, Ocala , Florida, Lee County, Fort Myers, Sebastian , Florida, Havana, Cuba, AFP, Palm Beach, Bradenton Beach, Tampa , Florida, Celestún, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Fort Myers Beach, Progreso, New Port, St . Petersburg , Florida, Kissimmee , Florida, Florida, Isla, Isla del Sol, Holmes Beach

☆ Why the interest-rate cut isn't delivering the relief consumers were hoping for
▼ + stars: | 2024-10-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we got our first interest-rate cut, but it doesn't feel like it for many consumers . We finally got an interest-rate cut, but borrowing costs are still high. First off, last month's interest-rate cut wasn't going to provide immediate relief. Yes, the average 30-year fixed mortgage rate has gone up 47 basis points since the Fed cut rates , writes BI's Matthew Fox. So the Fed cut rates but borrowing costs went up?

Persons: —, Milton, Alyssa Powell, isn't materializing, Jennifer Sor, Let's, BI's Matthew Fox, I'm, It's, BI's James Rodriguez, who's, Warren Faidley, Hurricane Milton, Hindenburg, Chelsea Jia Feng, Vinod Khosla, OpenAI, Mark Zuckerbergs, Gen Zers, haven't, Rebecca Zisser, Elon Musk's, Tesla, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Gas, Hindenburg, Tech, DOJ, Google, Walt Disney World, Hurricane Milton, Federal Reserve, Fed, Treasury, Hurricane, Energy, Futures, Bank of America, Disney Locations: Florida, Warren, Tampa, Chelsea, Robotaxi, Hurricane, New York, London

In her new memoir, Melania Trump says she backs abortion rights but leaves some gray area as to whether she supports restrictions. "There are several legitimate reasons for a woman to choose to have an abortion. For instance, if her life is at risk, rape, a congenital birth defect, plus severe medical conditions," Melania Trump wrote. The presidential campaign of her husband, former President Donald Trump, directed questions to Melania Trump aide Madison Porter, who did not return a request seeking comment. In interviews about her book, Melania Trump said that her husband was aware of her position early in their relationship.

Persons: Melania Trump, “, ”, Donald Trump, Madison Porter, Trump’s, Roe, Wade, Trump, ” Trump Organizations: Republican, Fox, U.S, Supreme, Republican National, NBC News, Fox News, “ Locations: Florida

Florida authorities issued dire warnings Tuesday to residents in Hurricane Milton's path, telling them "time is running out" to flee the potentially historic storm that's set make landfall in a day's time. The Category 4 hurricane, bordering on Category 5, was expected to reach Florida's Gulf Coast between 10 p.m Wednesday and 2 a.m. Thursday, according to the latest forecasts. "What everyone has been saying is, you have to evacuate, it is not survivable to survive a 10- to 15-foot storm surge," Alpert told NBC News on Tuesday. The mayor urged her constituents to evacuate inland and flee from dangerous waters. They have got to get out of the path of that storm surge."

Persons: Ron DeSantis, Liz Alpert, she's, Alpert, Ronaldo Silva, Jane Castor, Hurricane Helene, Milton doesn't, Castor, “, ” Organizations: Sarasota, NBC, Getty, CNN Locations: Florida, Hurricane, Gulf Coast, Orange County, Fla, Tampa

☆ Tampa mayor warns residents they will 'die' if they don't evacuate, as Hurricane Milton approaches Florida
▼ + stars: | 2024-10-08 | by ( Jack Sommers | ) www.businessinsider.com time to read: +3 min

The mayor of Tampa, Florida, told residents they will "die" if they don't evacuate as Hurricane Milton approaches. AdvertisementThe mayor of Tampa, Florida, has issued a stark warning that anyone who remains in the city as Hurricane Milton approaches will "die." Hurricane Milton intensified into a Category 5 storm — the most severe classification — in the Gulf of Mexico on Monday. The storm comes just two weeks after Hurricane Helene, the damage from which is already stretching the Federal Emergency Management Agency. Hurricane Helene killed 12 people in the Tampa Bay area, the Associated Press reported, and over 200 more across the southeastern United States.

Persons: Milton, Jane Castor, —, Hurricane Milton, There's, Helene, Castor, Hurricane Helene, Ron DeSantis Organizations: Service, CNN, Carolinas, National Hurricane Center, Federal Emergency Management Agency, Associated Press, Republican Locations: Tampa , Florida, Hurricane, Gulf of Mexico, Florida, Florida , Georgia, Tampa, United States, Milton

Search resuls for: "Florida's"

25 mentions found