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☆ Stratospheric, AI-enabled robotic cameras on balloons could help you get your insurance claim check faster
▼ + stars: | 2024-10-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

New technology, however, using drones, artificial intelligence and weather balloons aims to modernize and accelerate that process. Near Space Labs, a Brooklyn, New York-based startup, invented "Swifts," or stratospheric, AI-enabled robotic cameras that fly on weather balloons. The giant weather balloons fly twice as high as airplanes cruise. Insurance and reinsurance companies, like Swiss Re, are using Near Space to help them understand and price risk. In addition to Third Sphere, Near Space Labs is backed by Crosslink Capital, Wireframe Ventures, IAG Firemark Ventures, Toyota Ventures and Leadout Capital.

Persons: Helene, Milton, Rema Matevosyan, Matevosyan, Shaun Abrahamson, Lisa Rizzolo Organizations: Space Labs, Labs, Swifts, Insurance, Swiss, Crosslink, Wireframe Ventures, IAG Firemark Ventures, Toyota Ventures, Leadout, CNBC Locations: Brooklyn , New York

☆ Home insurance premiums are projected to skyrocket up to 14% this year in these 13 states as climate change causes an 'insurance crisis'
▼ + stars: | 2024-10-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Homeowners everywhere are feeling the impact as home insurance premiums skyrocket. Here are the top 13 states where home insurance premiums are expected to increase the most in 2024. As hurricanes become more severe, neighboring states such as Alabama are seeing big increases in insurance prices. Even so-called "climate havens"— typically Midwestern states insulated from severe hurricanes and wildfires — aren't safe from a climate or insurance crisis. Listed below are the 13 states with climate-induced insurance crises and their projected home insurance rate increase in 2024, according to Insurify.

Persons: Hurricanes Milton, Helene, it's, Insurify Organizations: Service, Hurricanes, Hurricanes Milon Locations: Florida , California, Louisiana, Alabama, Vermont

☆ Newly jobless hurricane survivors would exhaust aid sooner without Disaster Unemployment Assistance
▼ + stars: | 2024-10-21 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

Currently, the jobless in North Carolina can only receive up to 12 weeks of state unemployment benefits, among the skimpiest in the nation. (Applicants must first exhaust their state unemployment benefits.) Plus, disaster jobless benefits are available to many types of workers who don’t qualify for state unemployment insurance, such as gig workers, farmers and the self-employed. Still, it can be difficult for the newly jobless to secure either state or disaster unemployment benefits, particularly those whose homes and businesses have been heavily damaged or destroyed by storms. It took Miranda Escalante five days to apply for unemployment assistance.

Persons: Jen Hampton, Helene, Asheville’s, Hampton, we’re, ”, “ We’re, ” Michele Evermore, Roy Cooper, Miranda Escalante, Hurricane Helene, Escalante, Alex Smith, we’ll, ” Escalante, Evermore, — Asheville’s, “ Organizations: CNN, Asheville Food, Beverage United, “, Unemployment, The Century Foundation, state’s, Employment Security, Gov, Emergency Management Agency, Center, Budget, US Bureau of Labor Statistics, Asheville Locations: North Carolina, ”, Florida, Georgia, North Carolina’s, Asheville

☆ Civil rights coalition calls on Musk and Zuckerberg to take action against election disinformation
▼ + stars: | 2024-10-21 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

New York CNN —An umbrella organization of civil rights groups is alerting the public to “digital voting disinformation” and imploring social media companies to take action. Wiley’s coalition, representing more than 200 civil rights interest groups and other organizations, wants companies like Elon Musk’s X and Mark Zuckerberg’s Meta to more clearly separate fact from fiction. “Social media companies should be vigilant,” Wiley said, observing that information platforms don’t have to be overwhelmingly polluted. The Leadership Conference’s Center for Civil Rights and Technology decided to speak out after social networks were swamped with lies about Hurricanes Helene and Milton earlier this fall. The conduct of social media firms is of interest to civil rights groups; candidates and campaigns; government agencies; and election technology suppliers, just to name a few.

Persons: Maya Wiley, Elon, Zuckerberg’s Meta, ” Wiley, Musk, Donald Trump’s, Zuckerberg, Milton, ”, “ Organizations: New, New York CNN, Conference, Civil, Human, Wiley’s, Social, Republican, Conference’s Center for Civil Rights, Technology, Hurricanes, Dominion Voting Systems, Fox, Dominion, for Civil Rights Locations: New York, United States

☆ Fact check: Trump repeats debunked lies about FEMA’s hurricane response during North Carolina visit
▼ + stars: | 2024-10-21 | by ( Daniel Dale | ) edition.cnn.com time to read: +5 min

Washington CNN —Former President Donald Trump used a Monday visit to North Carolina to repeat debunked lies about the federal response to Hurricane Helene. They’ve spent it on illegal migrants,” Trump said. Second, it’s not true that FEMA disaster assistance money was improperly reallocated to migrants. But here’s the key: this $650 million pot is entirely distinct from FEMA’s much larger pot of disaster relief funds. As of last Tuesday, its Disaster Relief Fund had about $8.5 billion remaining, FEMA told CNN’s Ella Nilsen.

Persons: Donald Trump, Hurricane Helene, Trump, “, They’ve, ” Trump, Biden, it’s, they’re, Congress –, Chuck Edwards of, Edwards, CNN’s Ella Nilsen, Helene –, Alejandro Mayorkas, Helene, ” Organizations: Washington CNN, Federal Emergency Management Agency, Republican, FEMA, Trump, US Customs, Department of Homeland Security, White, Republicans, Congress, Disaster Relief, Homeland Locations: North Carolina, Asheville, Greenville, Chuck Edwards of North Carolina, Hurricane, Helene

☆ Dozens of babies were born in Florida hospitals during Milton
▼ + stars: | 2024-10-19 | by ( Jordan Brown | Amanda Musa | ) edition.cnn.com time to read: +7 min

CNN —Thousands of Floridians hunkered down at home and in evacuation shelters last week as Hurricane Milton slammed into Florida’s west coast. She ended up going into labor that night as Milton made a devastating landfall and moved inland, Furnas said. Furnas family/AdventHealthAfter 12 hours of labor, Furnas gave birth to her daughter Charlotte – one of 67 babies delivered at Florida’s AdventHealth hospitals during Milton. Nearly half of the babies were born across 14 AdventHealth hospitals in the Tampa area, according to the hospital system. Bringing home baby to storm damageDays before her due date, Hurricane Milton forced Hally Bojadzija and her husband Irfan to evacuate from St. Petersburg, Florida.

Persons: Milton, Zenia, Javier, ”, Cathie Perkins, “, Madeline Furnas, Hurricane Milton, ” Furnas, Grant, Furnas, ” Grant, Charlotte, Charlotte –, AdventHealth, Mamie Rogers, ” Rogers, ‘, Shaniya Dunchie, Shaniya, AdventHealth Dunchie, Shamar, ” Dunchie, Dunchie, Hally Bojadzija, Irfan, Hurricane Helene, Floridians, ” Bojadzija, Bojadzija, Hally, Irfan Bojadzija, Zahna, “ We’re, “ I’ve, CNN’s Sarah Dewberry, Andy Rose Organizations: CNN, Sheriff’s, Emergency, Orlando Health Bayfront Hospital Locations: Florida’s, Polk County, Polk, Pinellas County, Tavares , Florida, Furnas, Tavares, Orlando, Milton ., Orlando , Tampa, Daytona Beach , Orange City, Tampa, Winter Park , Florida, Hurricane, St . Petersburg , Florida, Jacksonville, St, Petersburg, downtown St, Florida

☆ Rural North Carolinians are key for Trump's election chances in the swing state. Hurricane Helene upended their lives.
▼ + stars: | 2024-10-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

Hurricane Helene battered rural mountain towns in North Carolina, a key voting bloc for Trump. AdvertisementEarly voting began in North Carolina on October 17, and state election officials said in-person turnout topped a previous record set in 2020. He won North Carolina by less than 75,000 votes in the 2020 presidential race, with strong support in areas outside urban centers. Allison Joyce / AFPThe Democrats aim to flip historically red North Carolina, seeing a path in the rapidly growing suburban areas like Charlotte, Raleigh-Durham, and Fayetteville. North Carolina election officials made emergency changes to expand voting access for residents recovering from the storm.

Persons: Harris, —, Helene, Donald Trump, Kamala Harris, Chris Cooper, Cooper, Hurricane Helene, Allison Joyce, Biden, Trump, Roy Cooper, Chuck Edwards, Helene . Edwards, Edwards, Caleb Rudow, He's, Rudow, who've, Bob Phillips, we'll, Phillips Organizations: Trump, Service, Business, Western Carolina University, North, Black, Federal Emergency Management Agency, Gov, Democrat, Republican, FEMA Locations: North Carolina, Asheville, South Carolina, Watauga County, Lake Lure , North Carolina, Hurricane, Charlotte, Raleigh, Durham, Fayetteville, Southern, Buncombe

☆ 'Lieutenant Dan,' who gained fame riding out hurricanes on boat, is arrested in Florida
▼ + stars: | 2024-10-18 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Joseph Malinowski, who gained internet fame because of his risky decisions to ride out Hurricane Helene and Milton on his 20-foot sailboat, was arrested Friday on multiple charges including failing to appear in court, Tampa police said. Malinowski, 54, known as "Lieutenant Dan," was arrested on two outstanding warrants for failure to appear in court and a misdemeanor charge of trespassing in a city park after warning, police said in a statement. Tampa police try to persuade "Lieutenant Dan" to leave for his safety, on Oct. 9. Spencer Platt / Getty ImagesHe was told to leave the Bayshore Linear Park and Dock but was still there Friday morning, police said. Malinowski survived Hurricane Milton aboard his sailboat after capturing national attention when TikTok creator Terrence Concannon posted a series of videos about his experience riding out Hurricane Helene.

Persons: Joseph Malinowski, Milton, Malinowski, Dan, Spencer Platt, Terrence Concannon, Hurricane Helene Organizations: Tampa police, Tampa, Hurricane Locations: Tampa, Hillsborough

☆ A federal disaster fund has drawn 50,000 applications after twin hurricanes. One problem: It’s out of money.
▼ + stars: | 2024-10-18 | by ( Laura Strickler | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Frank-Thorp-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +3 min

About 54,000 have applied for low-interest loans from a disaster fund operated by the Small Business Administration, but the money has all dried up. The SBA disaster loan fund remains a major source of money for businesses obliterated by natural disasters, according to the Congressional Research Service. “While we await Congress to provide much-needed funding, we strongly encourage eligible businesses and households to apply for SBA disaster loans. " Before the funding ran out, about 750 had been approved to receive loan money totaling $48 million, according to the SBA. He's reluctant to apply for an SBA loan because of his precarious financial situation.

Persons: Lucious Wilson, Hurricane Helene, “, ”, reconvenes, Isabel Casillas Guzman, Kristen Welker, Mike Johnson, Johnson, Wilson, he's, He's Organizations: NBC News, Wedge Brewery, Small Business Administration, Biden, NBC, SBA, Congressional Research Service, Press Locations: Asheville , North Carolina, Asheville, N.C

The death of Hamas leader Yahya Sinwar opens a window of opportunity for Israel to end the war in Gaza. The Texas Supreme Court halted the execution of an inmate in a “shaken baby syndrome” case. The length of the stay was not specified but the state Supreme Court wrote in the opinion that the lower court should act swiftly. NOAA issues winter weather forecast as Phoenix finally snaps heat streakParts of Washington state saw the first bouts of snowfall this season, a preview of what’s expected for the region this winter. While forecasters are looking ahead to winter, Phoenix, until Tuesday, had been trapped in a summer that wouldn’t end.

Persons: Yahya Sinwar, Rob Gronkowski, Netanyahu, Sinwar, Ismail Haniyeh, Benjamin Netanyahu, ”, Bruce Riedel, Biden, Antony Blinken, Aaron David Miller, ” Miller, Robert Roberson, Roberson, Read, “, Amanda Hernandez, Trump, Donald Trump, Roe, Wade, Aquilino Gonell, Kamala Harris ’, Joe Biden, Elon Musk, Harris, Mark Cuban, ➡️ Harris, Sen, John McCain, it’s, ➡️ Tim Walz, Mitch McConnell, ➡️, Liam Payne’s, Liam Payne, Luciano Gonzalez, Helene, Laith Wallschleger, Aaron Hernandez, Travis Kelce, Brian Urlacher, JJ Watt, ” Wallschleger, Greg Rosenstein, Elizabeth Robinson Organizations: The Texas Supreme, Israel, Israeli, CIA, Carnegie Endowment, International, Texas Supreme, Texas Department, Criminal Justice, NOAA, Phoenix, Atmospheric Administration, U.S . Capitol, Fox News, Univision, Capitol Police, House, ➡️, Elon, Trump . ➡️, Trump, NBC News, Anadolu, Getty, Apalachee High School, NFL, NBC Locations: Israel, Gaza, The, U.S, Texas, Washington, Phoenix, Arizona, British, Buenos Aires, Argentina, Dallas, Georgia, FX’s

In 2017, Hurricane Maria damaged three IV fluid manufacturing plants in Puerto Rico, also operated by Baxter, which led to a shortage. “Although this particular shortage on these particular IV fluids is not something we’ve encountered,” DeRienzo said. Along with IV fluids, the North Carolina Baxter facility also made specialty fluids, such as peritoneal dialysis fluid as well as irrigation fluids, used to clean wounds. Ganio said those measures won’t solve the ongoing IV fluid shortage problems long term. “The IV fluids are kind of a good example of the chronic shortages,” he said.

Persons: Helene, Erin Fox, ” Fox, Fox, ‘, ” Michael Ganio, ” Ganio, ”, hasn’t, Baxter, Chris DeRienzo, Hurricane Maria, we’ve, ” DeRienzo, Ganio Organizations: Food, Baxter, FDA, University of Utah Health, American Society of Health, System, Braun, ICU, American Hospital Association, Carolina Baxter, of Health, Human Services, HHS Locations: North Carolina, U.S, Saline, Puerto Rico, Carolina, Canada, China, Ireland

☆ Millions lose power every year because of extreme weather. Here’s how experts say we can prevent it
▼ + stars: | 2024-10-18 | by ( Ella Nilsen | ) edition.cnn.com time to read: +5 min

This ability to get electricity from one part of the country to another is ever more important as America’s grid is lashed by increasingly extreme weather. Extreme weather isn’t the only reason the grid needs to expand. “We run a VHS grid for a Hulu economy.”America’s grid is actually three grids: the Eastern and Western interconnections, plus the independent Texas grid. The physical electrical lines connecting all of the systems are fragile and outdated, experts told CNN. Clements cautioned that even a bigger grid can’t solve all the challenges posed by climate change-fueled extreme weather.

Persons: Cary Kottler, ” Kottler, Helene, Milton, ”, Allison Clements, “, you’ve, Clements, ” Clements, Rob Gramlich, Ariel Horowitz, Horowitz, Biden, Jennifer Granholm, there’s, Hurricane Helene Organizations: CNN, Texans, Pattern, Energy, “, Energy Department, DOE Locations: Uri, Texas, California

☆ 3 major hurricanes in the last 13 months did billions of dollars of damage to Florida's farmlands — and that was before Milton
▼ + stars: | 2024-10-18 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Hurricane Milton's estimated damage to Florida's agriculture could go up to $2.5 billion. That's according to estimates from the Florida Department of Agriculture and Consumer Services. AdvertisementHurricane Milton singlehandedly wrecked as much havoc on Florida's agriculture as three other major hurricanes combined, according to new estimates from the state's agriculture department. The commodities affected by hurricane damage include animal products, citrus and non-citrus fruit farming, field crops, greenhouses, and vegetable farming, per the damage assessment. Representatives of Florida's Department of Agriculture didn't respond to a request for comment from Business Insider, sent outside business hours.

Persons: Idalia, Debby, —, Milton, — Helene, Wilton Simpson, Tom Vilsack, Simpson, Hurricane Milton, Hurricane Helene, Helene Organizations: Florida Department of Agriculture, Consumer Services, Hurricanes, Service, Milton, US Department of Agriculture, Department of, Agricultural Statistics Service, National Agricultural Statistics Service, Fitch, Hurricane, Analytics, Moody's Analytics, Florida's Department, Agriculture, Business Locations: Milton, Florida, Florida's

☆ Fact check: Debunking Trump’s October lying spree about immigration
▼ + stars: | 2024-10-18 | by ( Daniel Dale | ) edition.cnn.com time to read: +23 min

Harris’ approach to the border: Trump falsely claimed of Harris: “She was saying the other day, ‘Yes, oh yes, we want to have a border.’ The first time she ever said it. The legal status of immigrants in Springfield: Trump falsely claimed, “They just dropped 30,000 illegal aliens in Springfield, Ohio.”This is false in more than one way. And while there is no official tally of the number of immigrants in Springfield, Trump’s “30,000” figure exceeds local estimates. More about immigrants in Springfield: Trump claimed that immigrants in Springfield are on “probation,” and he added, “Probation is for prisoners.” This is false in two ways. The word “caravan”: Talking about migrant caravans, Trump repeated his false claim that he invented the term: “The caravan.

Persons: Donald Trump, Kamala Harris ’, Harris, Trump, Joe Biden, ”, ” Biden, Alejandro Mayorkas, Biden, ” Harris, didn’t, “, ‘, it’s, –, Kamala Harris, It’s, Hurricane Helene, Hurricane Milton, ” James Hathaway, that’s, they’re, “ That’s, Ohio Sen, JD Vance, Trump’s, Mike DeWine, Vance, Chris Cook, ” Roberto Briceño, ” Trump, ” Helen Fair, hasn’t, Mike Coffman, ” Coffman, They’ve, Honduras –, Barack Obama, Obama’s, Harris “, Aaron Reichlin Organizations: Washington CNN, White, Homeland, Trump, Biden, Department of Homeland Security, ICE, Immigration, Customs, FEMA, Federal Emergency Management Agency, Congress, House Republicans, Refugee, Asylum, University of Michigan, UN, YES, ” Republican Ohio Gov, New York Times, US, “, CNN, Venezuelan, of, . Migrants, Democratic, Institute for Crime & Justice, Research, Birkbeck , University of London, Republican Aurora, Central, Customs Enforcement, El Salvador, Homeland Security, American Immigration Council, ICE hasn’t Locations: El Salvador, Guatemala, Honduras, United States, Texas, Arizona, Afghanistan, ”, That’s, Mexico, U.S, Springfield , Ohio, Univision, Springfield, Ohio, “, Cuba, Vietnam, Hungary, Czechoslovakia, Lebanon, Venezuela, Caracas, Congo, Democratic Republic of Congo, Republic of Congo, United Kingdom, Colorado, Venezuelan, Aurora, America

☆ Texas 'shaken baby syndrome' execution and One Direction's Liam Payne dies: Morning Rundown
▼ + stars: | 2024-10-17 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

A Texas inmate is set to die in what would be the nation’s first execution involving “shaken baby syndrome.” One Direction member Liam Payne dies at the age of 31. Prosecutors argued that Nikki must have been shaken to death. Since Roberson’s conviction in 2003, the science behind shaken baby syndrome’s diagnosis has come under intense scrutiny. Also yesterday, a petition with more than 116,000 signatures asking Abbott to stop the execution was delivered to his office. Liam Payne at the "One Direction iHeartRadio Album Release Party" in Burbank, California.

Persons: Liam Payne, Paroles, Greg Abbott, Robert Roberson’s, Abbott, Roberson, Nikki, Lester Holt, I’ve, ”, I’m, Payne, Christopher Polk, Clear Channel Payne, fiancée, Henry, —, Donald Trump, Kamala Harris, JD Vance, Brandy Zadrozny, Harris ’, Harris, “ Donald Trump, “ She’s, wouldn’t, Trump, ➡️, Donald Trump shrugged, ➡️ JD Vance, Ron DeSantis, Scott Perry, Tanya Chutkan, Biden, they’ve, Matthew Cappucci, ” — Evan Bush, optometrist, “ You’re, Elizabeth Robinson Organizations: Texas, Prosecutors, NBC News, Telemundo . Police, Getty, Clear Channel, NBC, Fox News, CNN, Democratic, Fox, GOP, Republicans, ➡️, ➡️ Florida Gov, Democrats, Freedom Caucus, Hurricane Milton, National Hurricane Center, MyRadar, Washington Post Locations: Texas, British, Argentina, Burbank , California, U.S, Ukraine, Univision, North Carolina, ➡️ Florida, Pennsylvania, Fulton County, Georgia, Florida

Three days after the storm, Jones and his wife managed to hike up to his elderly mother-in-law’s house by wading through mud up to their knees. Donations pile up at Minneapolis Baptist Church in Newland, N.C., on Wednesday, after its fellowship hall was damaged by Hurricane Helene’s remnants. Helene’s crushing aftermath is colliding with another political storm Thursday as in-person early voting begins in North Carolina, one of several battlegrounds expected to play outsized roles in the election. In addition to the presidential race, voters in North Carolina will also decide on their controversial race for governor and contests for attorney general and state school superintendent. “There’s simply nothing left in some of the areas,” said Patrick Gannon, the public Information director for the North Carolina Board of Elections.

Persons: NEWLAND, we’ve, ”, Larry Jones, Hurricane Helene, Jones, Gabe Gutierrez, It’s, There’s, Patrick Gannon, “, ” Jones Organizations: Minneapolis Baptist Church, NBC, North Carolina Board Locations: N.C, Minneapolis, Avery County, Newland, North Carolina, Asheville

Ashley Aldous Pangborn, 35, said she was glad friends persuaded her to set up a GoFundMe campaign after Helene filled her family’s Homosassa, Florida, home with 28 inches of water. Ashley Aldous Pangborn and her family have been living in short-term rentals for the last few weeks. Ashley Aldous Pangborn, Homosassa, Fla. GoFundMe’s Hurricane Helene Relief Hub features thousands of fundraisers that it says it has determined are authentic. Ashley Aldous PangbornPangborn said she received the initial $750 relief payment FEMA provides to disaster survivors.

Persons: Helene, Milton, Biden, Donald Trump, crowdfunding, Ashley Aldous Pangborn, Idalia, ” Pangborn, Hurricane Helene, Ashley Aldous Pangborn Pangborn, Pangborn, she’s, “, ”, GoFundMe, who’ve Organizations: Federal Emergency Management Agency, FEMA, Hurricane Locations: Asheville, North Carolina, Florida, Homosassa, Fla, Milton, North Carolina’s, Smoky

☆ Insurer Travelers profit soars on underwriting strength, investment gains
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +2 min

Travelers reported a nearly three-fold jump in third-quarter profit on Thursday, as higher underwriting gains and investment income more than offset steep catastrophe losses. Travelers' net written premiums rose 8% in the quarter from a year earlier, as all its units grew, the company said. Underwriting gains climbed to $685 million compared with a loss of $136 million a year earlier, while net investment income rose nearly 18%, thanks to strong fixed income returns and growth in fixed maturity investments. The euphoria has also spread to other asset classes, bolstering gains across investment portfolios. Travelers' underlying combined ratio improved to 85.6%, compared with 90.6% a year earlier.

Persons: Hurricane, Debby, Francine, Helene, Milton Organizations: Travelers, United Locations: United States, Florida, Louisiana

☆ Hurricane Milton’s losses of up to $34 billion could make it one of the costliest storms in US history
▼ + stars: | 2024-10-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Losses from Hurricane Milton could reach as high as $34 billion, according to an early estimate of both flood and wind damage from research firm CoreLogic, with between $4 billion to $6 billion of those losses being uninsured flood damage. Most insured flood damage is covered by the National Flood Insurance Program (NFIP), run by the Federal Emergency Management Agency. Homeowners who live in areas at high risk of flooding are often required by their mortgage lender to have flood insurance. The Milton losses will likely total far below CoreLogic’s estimated losses of up to $47.5 billion from Hurricane Helene, which came only two weeks before Milton. The lower end of the insured losses estimate from CoreLogic would be $17 billion, with $13 billion of wind damage covered by homeowners and business insurance , and $4 billion of insured flood losses.

Persons: Hurricane Milton, ”, Daniel Betten, Milton, “, Tom Larsen, Hurricane Helene, Ike, Helene Organizations: New, New York CNN, tornados, National Flood Insurance, Federal Emergency Management Agency, Homeowners, Hurricane, Insurance Information Institute, Florida Gulf, Citizens Property Insurance Corp Locations: New York, Hurricane Milton, Florida, United States, Sarasota, Tampa, CoreLogic, Hurricane, Florida Gulf Coast

☆ The SBA can't help business owners hit by Helene, Milton until Congress comes back post-election
▼ + stars: | 2024-10-17 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

The Small Business Administration ran out of funding for its disaster loan program on October 15. The lapse could slow recovery efforts by small businesses damaged by hurricanes Helene, Milton. The Small Business Administration said on October 15 that its disaster loan program had run out of money. In the meantime, Biden administration officials and business leaders are encouraging people to fill out applications for SBA disaster loans. Are you a business owner, homeowner, or renter affected by the SBA's pause in disaster loans?

Persons: Milton, —, Helene, isn't, Kit Cramer, Cramer, Hurricane Helene, Hurricane Milton, Joe Biden, Hurricanes Helene, Mike Johnson, Biden, Isabel Casillas Guzman Organizations: Business Administration, SBA, Service, Asheville Chamber of Commerce, Hurricane, FEMA, Hurricanes, Republican, Chamber of Commerce Locations: Asheville, Hurricane, reconvene, Louisiana, Washington, Swannanoa , North Carolina

☆ Retail sales rose 0.4% in September, better than expected; jobless claims dip
▼ + stars: | 2024-10-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

A customer during the grand re-opening of a Century 21 department store in New York, US, on Tuesday, May 16, 2023. Retail sales increased a seasonally adjusted 0.4% on the month, up from the unrevised 0.1% gain in August and better than the 0.3% Dow Jones forecast, according to the advanced report. Excluding autos, sales accelerated 0.5%, better than the forecast for just a 0.1% rise. The numbers are adjusted for seasonal factors but not inflation, which rose 0.2% on the month as measured by the consumer price index. Despite the decline in initial filings, continuing claims, which run a week behind, edged higher to 1.867 million.

Persons: Dow Jones, Helene, Milton Organizations: Federal Reserve, Commerce Department, Dow, Labor Department, Stock, Boeing Locations: New York, Florida, North Carolina, U.S, Michigan

☆ Jim Cramer says he would be a buyer of Disney if the stock goes to this key level
▼ + stars: | 2024-10-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Jim Cramer would be a buyer of Walt Disney if the stock were to trend lower. He said that buying on weakness makes sense because the slowdown in Disney's theme parks business, the profit engine at the company, will eventually abate. The challenge, at least in the short term, is dealing with the demand slowdown at Disney theme parks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Walt Disney, Piper Sandler, Jim, Disney, what's, Helene, Jim Cramer's Organizations: ESPN, KeyBanc, DIS, Disney, Hulu, Federal Reserve, Wednesday's, CNBC Locations: Florida, California, Milton

☆ A full economic recovery in Asheville and Tampa ravaged by Milton and Helene may happen faster than you think
▼ + stars: | 2024-10-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —The economic successes of Asheville, North Carolina and Tampa, Florida, have been the envy of many cities across the United States. Will the economies in hard-hit areas like Asheville and Tampa ever fully recover from the hurricanes? Economic activity plunged in the immediate months following Hurricane Katrina in New Orleans, Hurricane Harvey in Houston and Hurricane Irma in Columbia, South Carolina. But within one year after those hurricanes, among the costliest in the US in the last 20 years, economic activity rebounded to levels similar to or greater than before the hurricanes. People could similarly leave parts of Florida if home and flood insurance rates, which have gone up significantly in recent years, continue to jump post Helene and Milton, Kamins told CNN.

Persons: Hurricanes Helene, Milton, Hurricane Harvey, Hurricane Irma, Harvey, Irma, Eric Gay, Helene, Adam Kamins, ” Kamins, Kamins, he’s Organizations: New, New York CNN, Labor Department, Hurricanes, Office, National Guard, Hurricane, ” Local, Moody’s, CNN Locations: New York, Asheville , North Carolina, Tampa , Florida, United States, Will, Asheville, Tampa, New Orleans, Hurricane, Houston, Columbia , South Carolina, Sandy, New Orleans , Louisiana, Texas, ”, ” Local Louisiana, Orleans, Florida, North Carolina

ASHEVILLE, N.C. — When schools here reopen for the first time since Hurricane Helene unleashed a frightening deluge on western North Carolina, teachers won’t simply pick up where they left off in their lesson plans. While all Asheville City Schools students and staff members have been accounted for, they are grieving the deaths of other members of their community. “We’re not going to be able to just jump right into academics,” Asheville City Schools chief of staff Kim Dechant said. The city has restored water for toilets and handwashing at all other district schools, Dechant said. And with schools being closed for over a month, teachers will inevitably have to account for students’ learning loss.

Persons: Hurricane Helene, won’t, They’ll, We’re, Kim Dechant, “, Dechant, Maggie Fehrman, “ It’s, ”, Trenton Williams, Rosalyn, Elzy Lindsey, Kathy Park, Elizabeth Chuck Organizations: Asheville City Schools, Schools, Asheville, River Arts Locations: ASHEVILLE, N.C, —, North Carolina, Asheville, Asheville’s, River Arts District, New York

The Summary Forecasts for hurricanes Helene and Milton were highly accurate. Nearly five days before Hurricane Milton hit Florida, National Hurricane Center forecasters predicted its track within just 12 miles of where the storm later made landfall. And yet, at a time when hurricane forecasts are at their most accurate, some meteorologists say they’ve never faced so much skepticism, hatred and conspiracy-minded pushback. They take it personally.”Hurricane forecasts have become more accurateHurricane forecasts have improved dramatically over the past 50 years. The National Hurricane Center publishes data each year about how its forecasts have aligned with reality, and the trend shows a decline in track errors since the 1970s.

Persons: Helene, Milton, ”, John Morales, they’ve, They’ve, “, there’s, Matthew Cappucci, ” Cappucci, Cappucci, Bill Gates, Bradley Panovich, “ It’s, Kim Klockow McClain, Shel Winkley, ” Winkley, Hurricane Milton “ Organizations: Hurricane Milton, National Hurricane Center, National Weather Service, NBC, MyRadar, Washington Post, Harvard, Climate, NOAA Locations: Florida, North Carolina, Appalachia, Louisiana, Charlotte , North Carolina, Hurricane

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