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☆ Florida gas stations are already running out of fuel. Hurricane Milton could cause even more trouble
▼ + stars: | 2024-10-08 | by ( Chris Isidore | Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Gas stations in many areas of Florida are running out of gasoline, as residents prepare for Hurricane Milton. Gas price tracking service GasBuddy reported that as of Tuesday morning, 14.5% of gas stations statewide were without fuel, a dramatic spike from just 3% on Monday. DeSantis said 27 fuel trucks were escorted by the Florida Highway Patrol to deliver fuel to stations in the anticipated impact area of the storm. “We have been dispatching fuel over the past 24 hours as gas stations have run out,” he said at a press conference early Tuesday. And the real fear is that the hurricane and storm surge could cause significant damage to the port.

Persons: Fort, “, ”, Patrick De Haan, Ron DeSantis, DeSantis, Milton, Julio Cortez, Tom Kloza, Andy Lipow Organizations: New, New York CNN — Gas, Hurricane Milton, GasBuddy, Florida, Patrol, AAA, Lipow Oil Associates, Coast Guard Locations: New York, Florida, Milton’s, Fort Myers, Gulf Coast, Port of Tampa, Orlando, Tampa Bay, Port, Tampa

☆ Tracking Hurricane Milton’s Storm Surge Risk Across Florida
▼ + stars: | 2024-10-08 | by ( William B. Davis | Judson Jones | ) www.nytimes.com time to read: +4 min

Tracking Hurricane Milton’s Storm Surge Risk Across FloridaAs Hurricane Milton approaches landfall in Florida this week, the National Hurricane Center is releasing a series of data sets to help warn the public of the risks. Storm surge is one of the deadliest aspects of a strong hurricane as it approaches land. Depending on exactly where Milton makes landfall, storm surge will broadly fluctuate. The Florida Keys are forecast to experience strong winds and storm surge mostly below six feet. Wherever Milton makes landfall, storm surge will come ashore, especially just ahead and south of the storm’s center, similar again to what occurred during Ian.

Persons: Milton, Hurricane Helene, Milton ., Hurricane Ian, Robert Weisberg, —, Weisberg, Ian, ” Organizations: Hurricane, National Hurricane, University of South Locations: Florida, Milton, Tampa, Fort Myers, Naples, Tampa Bay ., Tampa Bay, University of South Florida, Clearwater

☆ Hurricane Milton morphed into a Category 5 in 2 days. Take a look at the storm's rapid evolution from space.
▼ + stars: | 2024-10-08 | by ( Jessica Orwig | Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Hurricane Milton, now a Category 4, is expected to hit Florida's west coast Wednesday. Hurricane Milton rapidly intensified to a Category 5 storm on Monday, leading Florida Gov. AdvertisementNOAA's GOES-16 satellite is tracking Hurricane Milton from space. Hurricane Milton underwent an explosive intensification within 48 hours from a tropical storm to a Category 5. By Tuesday morning, Hurricane Milton had lost some of its strength and is now a Category 4.

Persons: Milton, —, Hurricane Helene, Hurricane Milton, Ron DeSantis, Hurricane Wilma, Hurricane Felix, Stephanie Zick, Zick, Matthew Rosencrans, that's, Rosencrans Organizations: Service, Florida Gov, National Hurricane Center, NOAA, Milton, Hurricane, Virginia Tech's Department of Geology, Astronauts, Space, Hurricane Milton, NHC Locations: Milton, Gulf of Mexico, Hurricane, Florida, Charlotte, Hillsborough, Manatee, Gulf, Mexico, Tampa, Tampa Bay

Florida Gov. Ron DeSantis is not taking calls from Vice President Kamala Harris about storm recovery just over a week after Hurricane Helene hammered parts of his state. A source familiar with the planning said that the Biden team had invited DeSantis to the event in north Florida. Florida Gov. Ron DeSantis has not spoken with Vice President Kamala Harris or President Joe Biden about the hurricane response.

Persons: Ron DeSantis, Kamala Harris, Helene, “ Kamala, “, DeSantis, Joe Biden, Biden, Deanne Criswell, Jared C, Tilton, Karine Jean, Pierre, Harris, Brian Kemp, Henry McMaster, Hurricane Helene, Donald Trump, ” Trump, Kemp Organizations: Florida Gov, Democratic, NBC News, Federal Emergency Management, Getty, White, Press, White House, Biden, Gov, Georgia Gov, South Carolina Gov, Florida National Guard Locations: Florida, Bend, Tampa, North Carolina, Hurricane Milton, Hurricane, Gulf Coast, Georgia

☆ Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies
▼ + stars: | 2024-10-07 | by ( Spencer Kimball | Yun Li | ) www.nbcnews.com time to read: +1 min

Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Hurricane Milton is forecast to move north of the Yucatan Peninsula on Monday and Tuesday before crossing the Gulf of Mexico to approach the west coast of Florida by Wednesday, according to the National Hurricane Center. Hurricane Milton comes on the heels of Hurricane Helene, which killed more than 220 people and wrought devastation across the Southeast, particularly in North Carolina. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%.

Persons: Hurricane Milton, Generac, Hurricane Helene, Chubb, Milton, Joshua Shanker Organizations: Generac Holdings, Hurricane, National Hurricane Center, North Carolina . Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance, Bank of America, Colorado State University, Research Locations: Hurricane, Yucatan, Mexico, Florida, Tampa, North Carolina, Fort Lauderdale , Florida

☆ Israel marks a year since Oct. 7 attacks and Hurricane Milton strengthens: Morning Rundown
▼ + stars: | 2024-10-07 | by ( Elizabeth Both | Elizabeth Both Is An Associate Platforms Editor For Nbc News | Based In New York. | ) www.nbcnews.com time to read: +9 min

Israel observes the first anniversary of the Oct. 7 attacks as it steps up attacks on Gaza and Lebanon. The people of Gaza have endured an unmitigated humanitarian catastrophe as Israel carries out one of the most intensive bombing campaigns in history. Gaza was already impoverished, overcrowded and largely inescapable, blockaded by Israel and Egypt for 17 years. Life-threatening storm surges are due to hit the state’s Gulf Coast as Hurricane Milton is set to make landfall on Wednesday. Justine Goode / NBC News; Getty ImagesWaking up and browsing your closet each morning might sometimes feel like an immense challenge.

Persons: Israel, Hurricane Milton, It’s, “, ”, Frank Lowenstein, Barack Obama, Milton, Helene, Hurricane Helene, Anna Maria, Ron DeSantis, Donald Trump, Bush, Gore, George W, Joe Biden’s, Roe, Wade ., Clarence Thomas, Samuel Alito, NFL Todd Rosenberg, Jalen Tolbert, Greg Rosenstein, alen, J. Organizations: Hamas, United Nations, IDF, United, Gov, Washington, Getty, Republican, Wade, NFL, Getty Images Dallas Cowboys, Pittsburgh Steelers, Sunday, NBC Locations: Gaza, Lebanon, Hurricane, Florida, Israel, Egypt, Beirut, Iran, United States, Coast, Tampa, Gulf of Mexico, U.S

Attorney General Ashley Moody issued a stark warning to those who ignore evacuation orders. WFTSFlorida leaders still working to respond to damages from Hurricane Helene issued emphatic pleas to Tampa-area residents Sunday to heed evacuation orders, as Hurricane Milton is expected to strengthen and hit the state’s western coast by mid-week. “Nobody up here can save your life if you put yourself in harm’s way.”Officials expect storm surge, other flooding and high winds that knock out power, Scott said. With some roads still flooded from Helene, residents can expect a similar kind of storm surge from Milton – but this time with strong winds, Hillsborough County Sheriff Chad Chronister warned. Many people are still without cell phone service after Helene, Moody said, advising residents to buy a small AM radio and a couple of batteries.

Persons: Ashley Moody, WFTS, Helene, Milton, Sen, Rick Scott, “, Scott, Milton –, Hillsborough County Sheriff Chad Chronister, Jane Castor, Chronister, ”, – Moody, Moody Organizations: ”, Hillsborough County Sheriff, Tampa Locations: WFTS Florida, Tampa, Helene, Hillsborough County

☆ Hurricane Milton strengthens, triggers storm surge warnings for Florida's Gulf Coast
▼ + stars: | 2024-10-07 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +1 min

Life-threatening storm surges are due to hit Florida's Gulf Coast this week with the arrival of Hurricane Milton, which is strengthening over the southern Gulf of Mexico and set to make landfall as a powerful Category 3 storm on Wednesday. The NHC issued a storm surge warning early Monday for Florida's Gulf Coast from Flamingo on the southern tip to the mouth of the Suwannee River, including Tampa Bay. A hurricane watch is in place along the same coastline, from Chokoloskee near Everglades City, to the Suwannee River, while a tropical storm watch is in place further west to Indian Pass. "A Storm Surge Watch means there is a possibility of life-threatening inundation, from rising water moving inland from the coastline," the NHC said. ET, Milton was about 195 miles west-north-west of Progreso, Mexico, and about 750 miles west-south-west of Tampa, with maximum sustained wind speeds of near 100 mph with higher gusts.

Persons: Hurricane Milton, Milton, Hurricane Helene Organizations: National Hurricane Center, NHC, Florida's, Watch Locations: Hurricane, Mexico, Florida, United States, Coast, Flamingo, Suwannee, Tampa, Chokoloskee, Everglades City, Progreso

Hurricane Milton is expected to continue to develop rapidly as it soaks up its natural fuel, warm water in the Gulf of Mexico. It could be pushing out sustained winds of 145 mph by them, according to its projections, making it a Category 4 hurricane. Rain, strong winds and possible storm surges were expected to begin Tuesday night along Florida’s west coast, according to NBC News meteorologists. Up to 8 inches of rain was forecast, with storm surges of 6 feet and more possible for coastal cities, they said. By late afternoon Saturday, Tropical Depression 14 had become Tropical Storm Milton, according to the National Hurricane Center.

Persons: Milton, Hurricane Helene Organizations: National Hurricane Center, NBC, NBC News, Hurricane Milton Locations: Gulf of Mexico, Florida, Mexico, Cuba, Tampa, Naples, Orlando, Daytona Beach , Sarasota, Fort Myers, Southeastern, Hurricane, Florida's Big Bend, Caribbean, Gulf's, Campeche, Mexico’s Yucatán, Progreso

A worker unloads a 24-kilowatt Generac home generator off a truck at Captain Electric on February 18, 2021 in Orem, Utah. Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 4 storm. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%. Lauderdale, plunged more than 20% as the catastrophe-prone carrier with Gulf Coast exposure could see heightened hurricane risks.

Persons: Hurricane Milton, Chubb Organizations: Captain Electric, Generac Holdings, Hurricane, National Hurricane Center, Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance Locations: Orem , Utah, Milton, Yucatan, Mexico, Florida, Tampa, Fort . Lauderdale

☆ Hurricane Milton, now a Category 5 storm, threatens an already-battered Florida
▼ + stars: | 2024-10-07 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Hurricane Milton has intensified into a Category 5 storm, the highest classification. It's set to make landfall on Wednesday in Florida, which is still reeling from Hurricane Helene. Milton is expected to smash into the state as federal disaster funds are already running out. Hurricane Milton intensified into a Category 5 storm — the most severe classification — in the Gulf of Mexico on Monday and is expected to make landfall in Florida on Wednesday. And that was before Milton intensified in the Gulf Coast and threatened to deal Florida another crushing blow.

Persons: Milton, Hurricane Helene, —, Hurricane Milton, Helene, Ron DeSantis, DeSantis, Alejandro Mayorkas, Joe Biden, Biden Organizations: Service, Federal Emergency Management Agency —, National Hurricane Center, Associated Press, Analytics, FEMA, AP, Business Locations: Florida, Hurricane, Gulf of Mexico, Georgia, North Carolina, Tennessee, Tampa Bay, Milton, Washington, Gulf, While Florida, —

☆ Hurricane Milton is a Category 5. Florida orders evacuations and scrambles to clear Helene's debris
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +2 min

A hurricane warning was issued for parts of Mexico's Yucatan state, and much of Florida's west coast was under hurricane and storm surge watches. It had maximum sustained winds of 160 mph (257 kph), the National Hurricane Center said. Its center could come ashore Wednesday in the Tampa Bay area, and it could remain a hurricane as it moves across central Florida toward the Atlantic Ocean. That would largely spare other states ravaged by Helene, which killed at least 230 people on its path from Florida to the Appalachian Mountains. The Tampa Bay area is still rebounding from Helene and its powerful surge.

Persons: Milton, Hurricane Helene, Jane Castor, Nature, Helene Organizations: Tampa, National Hurricane Center Locations: Gulf of Mexico, Florida, Tampa Bay, Hurricane, Mexico's Yucatan, Florida's, Okeechobee, Progreso, Mexico, Tampa, St, Petersburg, Clearwater

☆ Milton erupts into Category 1 hurricane as Southeast reels from Helene aftermath
▼ + stars: | 2024-10-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

Tropical Storm Milton rapidly intensified into a Category 1 hurricane Sunday with its path aimed at Florida, less than two weeks after Hurricane Helene made landfall in the state. The storm debuted as a hurricane Monday afternoon after producing sustained winds of 80 mph and continued to strengthen by drawing fuel from the Gulf of Mexico's sultry waters. Forecasters said Milton was likely to reach major hurricane status, denoting a Category 3, 4, or 5 storm Monday. It was pushing out maximum sustained winds estimated to be 80 mph, with some higher gusts, the hurricane center said, and moving east at 6 mph. Residents fill sandbags on Fort Myers Beach, in Fla., in preparation for Hurricane Milton on Oct. 6, 2024.

Persons: Milton, Helene, Ron DeSantis, Hurricane Milton, Andrew West, Helene rampaged, It's Organizations: Gov, Hurricane, Press, USA, Florida, Florida Keys Locations: Florida, Hillsborough, Pinellas, Progreso, Mexico, Tampa, Fort Myers Beach, Fla, Milton, Gulf of Mexico, Florida’s, Cuba, Bahamas, Gulf's, Campeche, Big Bend, Pinellas County, Tampa Bay

"We have kind of a two-level house — it's not a two-story, but there are two levels," Smith-Frady told Business Insider. AdvertisementIn May 2024, the average cost of flood insurance in Florida was $781 a year, according to personal-finance company NerdWallet. Advertisement"It basically makes the home a total loss if they don't have flood insurance," Meyer Lucas said. "In Florida, there's really high flood risk, which I think is broadly understood, but that the cost associated with that flood risk is not being captured in home values." "The storms are happening so diversely in so many different areas of the state," D'Amario told Business Insider.

Persons: Helene, —, Hurricane Helene, Alexis Smith, Smith, Frady, Idalia, She's, Katie Mallah, Mallah, Katie Mallah Mallah, it's, Heather Cameron, Cameron, Holly Meyer Lucas, Meyer Lucas, Jon Schneyer, Pete, haven't, Jesse Gourevitch, there's, Ryan D'Amario, D'Amario Organizations: Service, FEMA, Business, Flood Insurance, Hurricanes, Sunshine State, Farmers Insurance, Bankers Insurance, Miami Herald, Capital Economics, Palm, Street Journal, Environmental Defense Fund Locations: Florida, St, Petersburg, Hurricane, Bradenton, North Carolina, Tampa, Sarasota, St . Petersburg, Shore, Shore Acres , Florida, Insurify, Palm Beach, Nature, Appalachia, Gulf

The storm is quickly strengthening, already boasting winds of 65 mph, according to an update Sunday morning from the National Hurricane Center. It is forecast to intensify into a hurricane by Sunday night — and a major hurricane by late Monday. Hurricane and storm surge watches will likely be issued for parts of the western Florida coast on Sunday — with dangerous storm surge expected for some areas just slammed by Helene. “This is something that potentially would be greater power outages than what we just saw with Hurricane Helene,” the governor said, noting the state’s residents still have a couple of days to get ready. Assets deployed to assist with Hurricane Helene recovery in Tennessee and North Carolina have also been ordered back to Florida, DeSantis said.

Persons: Hurricane Helene, Helene —, it’s, Tropical Storm Milton, Helene ., Milton, Helene, Ron DeSantis, Kevin Guthrie, DeSantis, “, Floridians, ” Guthrie, Ashley Moody, ” Moody, ”, Thomas Chaves, Vinny Almeida, Mike Carlson, Debbie Bright, Bright, ” Bright Organizations: CNN, Tropical Storm, National Hurricane Center, Key, Tampa ., Florida Gov, Florida Division, Emergency Management, Florida, Sunday, Fort Myers, Florida Department of Transportation, Florida National Guard, Florida State Guard, AP, WFTS Locations: Florida, Gulf of Mexico, Tampa, Naples, Tampa Bay, Helene . Miami, Orlando, Miami, Gulf, Helene, Fort, Fort Myers Beach, Sanibel, Tennessee, North Carolina, Hurricane, Chaves, Shore, St . Petersburg , Florida, AP Florida, Pinellas County, ” St, Petersburg

Tropical Storm Milton formed in the southwestern Gulf of Mexico Saturday morning, just hours after it became a tropical depression, , according to the National Hurricane Center. This new storm formation comes less than 10 days after Hurricane Helene made landfall in Florida, and is forecast to strengthen into a hurricane, bringing life-threatening conditions to the state's west coast next week. Maximum sustained winds from Tropical Storm Milton are estimated to be 40 miles per hour with higher gusts, the NHC said. Hurricane and storm surge watches will likely be required for certain regions of Florida on Sunday, many of which have just been hard-hit by Hurricane Helene. The National Weather Service placed the region in the potential path of Tropical Storm Milton, although it is still too early to tell how the storm will impact the county.

Persons: Milton, Hurricane Helene, Tropical Storm Milton, Storm Milton Organizations: National Hurricane Center, Tropical Storm, NHC, National Weather Service Locations: Gulf, Mexico, Florida, Tropical, Pinellas County, Cuba, Bahamas

☆ Florida is on alert as Tropical Storm Milton forms in the Gulf, just days after Hurricane Helene
▼ + stars: | 2024-10-05 | by ( Allison Chinchar | ) edition.cnn.com time to read: +3 min

CNN —Less than 10 days after Hurricane Helene made landfall in Florida, the state is bracing for another potentially devastating blow from a hurricane in the Gulf of Mexico. Tropical Storm Milton formed in the western Gulf on Saturday morning just hours after it became a tropical depression, the National Hurricane Center said in a special alert. Milton is forecast to strengthen and bring life-threatening impacts to portions of the west coast of Florida next week. Hurricane watches, as well as storm surge watches, will likely be issued for portions of the Florida coast on Sunday – a dangerous storm surge is expected for some areas that were just affected by Helene. There is also an increasing risk of storm surge for the western Florida Peninsula as early as late Tuesday or Wednesday.

Persons: Hurricane Helene, Milton, Helene, Fort Myers, Elisa Raffa Organizations: CNN, Tropical, National Hurricane Center, NHC, Key West, Tampa, Fort Locations: Florida, Gulf of Mexico, Gulf, Milton, Mexico, of Mexico, Gainesville, Key, Cities, Melbourne, Jacksonville, Naples, Yucatan, Bahamas

☆ Florida is on alert as a new tropical depression forms in the Gulf, just days after Hurricane Helene
▼ + stars: | 2024-10-05 | by ( Allison Chinchar | ) edition.cnn.com time to read: +2 min

CNN —Less than 10 days after Hurricane Helene made landfall in Florida, the state is now bracing for another potential storm brewing in the Gulf of Mexico. Tropical Depression 14 formed in the western Gulf on Saturday morning and is expected to become Tropical Storm Milton in the next 24 hours, the National Hurricane Center said. Hurricane watches, as well as storm surge watches, will likely be issued for portions of the Florida coast on Sunday. There is also an increasing risk of storm surge for the western Florida Peninsula as early as late Tuesday or Wednesday. The hurricane center is warning people in Mexico’s Yucatan Peninsula, the Florida Peninsula, the Florida Keys, as well as the Bahamas to closely monitor this system this weekend and early next week for any impacts.

Persons: Hurricane Helene, Tropical Storm Milton, Helene, Fort Myers Organizations: CNN, Tropical Storm, National Hurricane Center, Florida Peninsula, NHC, Key West, Tampa, Fort Locations: Florida, Gulf of Mexico, Gulf, Mexico, of Mexico, Gainesville, Key, Cities, Melbourne, Jacksonville, Naples, Yucatan, Bahamas

☆ A majority of North Carolina homeowners didn't have flood insurance. Then Helene hit.
▼ + stars: | 2024-10-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Heavy rains from Hurricane Helene caused flooding across western North Carolina, like here in Asheville. Melissa Sue Gerrits/Getty ImagesBut only about 2.6% of the 4.3 million properties across the state — or around 115,000 properties — had flood insurance as of June 2024, according to private provider Neptune Flood Insurance, which analyzed data from the government-backed National Flood Insurance Program. North Carolina Department of Insurance communications director Jason Tyson estimated that about 139,000 properties in the state have flood insurance through the NFIP. Part of the problem with flood insurance is a common misconception that regular home insurance covers flooding, which is rarely the case, four experts knowledgable about flood insurance and disaster management told Business Insider. "We don't think of western North Carolina and the Appalachian mountains as an area that has significant flood risk."

Persons: Hurricane Helene, Melissa Sue Gerrits, Neptune, Jason Tyson, Sue Gerrits, Trevor Burgess, Jeffrey Schlegelmilch, Schlegelmilch, Margaret Walls, they're, there's, It's, it's, Helene, Jeremy Porter, Burgess, Yanjun Liao, Liao Organizations: Service, North, Climate Office, Neptune Flood Insurance, Flood Insurance, North Carolina Department of Insurance, The North, Information Center, Business, Getty, National Center for Disaster Preparedness, Columbia Climate School, FEMA, Associated Press, Resources Locations: Hurricane, North Carolina, Asheville, —, The, The North Carolina, Black Mountain , North Carolina, State, North, Florida , Louisiana, Texas, Asheville , North Carolina

☆ 2 dead as weakened and ‘weird’ Typhoon Krathon slams into Taiwan
▼ + stars: | 2024-10-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

KAOHSIUNG, Taiwan — A weakened and “weird” Typhoon Krathon slammed into southwestern Taiwan on Thursday, hitting the island with a storm that has killed two people so far and forced it to shut down for a second day with hundreds of flights grounded and financial markets closed. Krathon made landfall as a much weaker category 1 typhoon around midday at the major port city of Kaohsiung. All domestic flights were canceled for a second day, as well as 236 international ones. Typhoons often hit Taiwan’s east coast facing the Pacific, but Krathon is unusual in that it directly hit the west coast. Local media labeled it a “weird” storm for that reason, and because of how it hovered off the coast before reaching land.

Persons: Krathon, Kaohsiung Mayor Chen Chi, Liao Shian, ”, Thelma Organizations: Kaohsiung Mayor, Southern, Southern Taiwan Science Locations: KAOHSIUNG, Taiwan, Kaohsiung, Taipei, Southern Taiwan, Pingtung

☆ Helene recovery could cost $34 billion. Here's who might pay for it.
▼ + stars: | 2024-10-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia. The devastation wrought by Hurricane Helene across the southeastern United States could cost upwards of $34 billion, according to early estimates from Moody's Analytics. The Moody's report, released as Helene was making landfall last week, estimated that property damage could cost between $15 billion to $26 billion. And the resulting economic slowdown could cost $5 billion to $8 billion in productivity losses. Only about 6% of U.S. homeowners have flood insurance through either a private company or the congressionally funded National Flood Insurance Program, despite 90% of natural disasters involving flooding, he said.

Persons: Hurricane Helene, Helene, Mark Zandi, Zandi, Mark Friedlander, Friedlander, Joe Biden, Wiley Nickel, Florida Republican Sen, Rick Scott, Mark Amodei Organizations: Moody's, CNBC, Insurance, Flood Insurance, Federal Emergency Management Agency, FEMA, Disaster Relief Fund, Capitol, Florida Republican Locations: Hurricane, Valdosta , Georgia, United States, Florida , Georgia, North Carolina, South Carolina, Virginia, Tennessee, Appalachia, Washington

☆ Taiwan shuts down as Typhoon Krathon brings torrential rain
▼ + stars: | 2024-10-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

KAOHSIUNG, Taiwan — Taiwan shut down on Wednesday, grounding hundreds of flights and closing schools, offices and financial markets ahead of the arrival of a weakening Typhoon Krathon, with one person reported dead and torrential rain lashing the island’s south. Although the typhoon has weakened, the threats from a storm surge, strong winds and rain remain as it slowly makes its way toward Taiwan’s coast, weather forecasters said. The typhoon would lose power once it hit land, said Kaohsiung Mayor Chen Chi-mai, but would still bring intense winds and rain. Once it hits land, the typhoon could be downgraded into a tropical depression and dissipate, which has happened only once before in Taiwan, in 2001, forecasters said. In Taipei, some malls and shops remained open, with rain only expected later in the day.

Persons: Thelma, Chen Chi, ”, Tommy Wang, Gaemi, Yu Ren, Chou Yi, Power, Chou Organizations: Getty, Central Weather Administration, Apple, Nvidia Locations: KAOHSIUNG, Taiwan, Kaohsiung, Taiwan’s, Hualien, Taipei, Taoyuan, AFP, Tainan, Siaogang

☆ Typhoon Krathon: Taiwan warns of possible ‘catastrophic’ impact ahead of storm landfall
▼ + stars: | 2024-10-01 | by ( Eric Cheung | Robert Shackelford | ) edition.cnn.com time to read: +3 min

Super Typhoon Krathon, equivalent to a Category 4 Atlantic hurricane, is currently situated in the Bashi Channel in the northern part of the Luzon Strait, between Taiwan and the Philippines. As of 11:30 a.m. local time Tuesday, it had winds of 240 kph (150 mph), according to the Joint Typhoon Warning Center (JTWC). The storm, known locally in the Philippines as Julien, has already lashed the country’s northernmost islands, prompting evacuations and severe flooding in coastal communities. Rescuers help residents as they negotiate floods caused by powerful Typhoon Krathon locally called "Typhoon Julian" at Bacarra, Ilocos Norte province, northern Philippines on Monday, September 30, 2024. Krathon is set to be the second typhoon to make landfall on Taiwan this year, after Typhoon Gaemi struck the island in July, killing 11 people.

Persons: Julien, Julian, Bernie Dela Cruz, “, Krathon, Lai Ching, Chen Chi, Sun Li, Typhoon Gaemi Organizations: Taiwan CNN, Super, Typhoon Warning, Philippine News Agency, Central Emergency Operations Center, Weather Administration Locations: Taipei, Taiwan, Philippines, Luzon, Taiwan’s, Kaohsiung, Bacarra, Ilocos Norte, Taiwan’s Hualien

Near Perry, Florida, power flashes were seen as Hurricane Helene downed power lines on September 26, 2024. WACHIn South Carolina, Helene brought vicious winds and dumped “staggering” amounts of rain: up to 12 to 14 inches. Andy TomsThe western North Carolina city of Asheville was especially hard-hit. Tariq Bokhari/Daniel WhittakerFloods from Hurricane Helene wreaked havoc on the western North Carolina village of Chimney Rock and the region surrounding Lake Lure. Heavy rainfall washed away a part of Interstate 40, a major highway connecting North Carolina and Tennessee.

Persons: Helene, SVC, Simon Brewer Juston Drake, Brandon Clement Further, Brandon Clement, Jules Carl, CNN’s John Berman, she’s, “ I’ve, ”, Aaron Rigsby, Helene –, Andy Toms, Avery Dull, Avril Pinder, “, Tariq Bokhari, Daniel Whittaker, Hurricane Helene, Daniel Shrader, floodwater, Michael Baker, Police Helene Organizations: CNN, National Weather Service, South Pasadena Fire Department, Daylight, Fire, Services Rescue, Atlanta Fire, Carolinas, Charlotte City, WCYB, North Carolina . North Carolina Division of Aviation, Tennessee Valley Authority, Virginia State Police, Virginia, Police Locations: United States, Florida, Southern, Gulf, Bend, Perry, Perry , Florida, Tampa, FHP, Tampa Bay, Pinellas County , Florida, Pinellas County, City of South Pasadena, Sunset Beach, Cedar Key , Florida, Cedar, Steinhatchee, ”, Steinhatchee , Florida, Georgia, Atlanta, Augusta, Cobb County, Mableton, Cobb, Columbia, Greenville, WACH, South Carolina, Saluda County, Asheville , North Carolina, North Carolina, Asheville, Rock, Hurricane, Lure, Charlotte, Tennessee, Roan Mountain , Tennessee, North Carolina ., Afton , Tennessee, TN, Erwin, Unicoi, Virginia

☆ 6 strategies to help mitigate rising car and home insurance costs
▼ + stars: | 2024-09-30 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +8 min

While overall inflation has slowed, insurance costs are taking a bigger bite out of many household budgets. Car insurance premiums have also shot up. Bankrate estimates that in September the average cost for full coverage car insurance is $2,348 a year. Extreme weather events, higher replacement and repair costs, and increased medical expenses after accidents have boosted car insurance rates, experts say. Car insurance discounts range from safe driver and good student discounts to taking a defensive driving course.

Persons: Mike Spiering, Francesca Spiering, Joe Raedle, Shannon Martin, that's, Afilalo, Mike Barrett, Tayfun, David Carothers, Loretta Worters, you've, Rod Griffin, They're, You've, Bankrate's Martin, Price Organizations: Bureau of Labor Statistics, Autoinsurance.com, Barrett Insurance Agency, Anadolu, Getty, Independent Insurance Agents, of America, Florida Risk Partners, Insurance, Federal Emergency Management Agency, University of Pennsylvania's Wharton Risk Center Locations: Hollywood , Florida, St, Johnsbury , Vermont, Fork, New Mexico, United States, Florida, Valrico , Florida, U.S

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