Hurricane Michael News

California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re

The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re. A report from Munich Re on last year’s natural disasters pointed to “clear …

Giant Hole Created by Hurricane Michael Threatens Housing, Cemetery in Florida Town

Hurricane Michael created a giant hole in a north Florida town that is threatening a nearby cemetery and public housing duplexes. The Tallahassee Democrat reported Sunday that the October storm caused a crater along a street in Bristol, Fla., a …

Damage to Florida Crops from Hurricane Michael to Total $158M

A new study says Florida crops suffered $158 million in damages from Hurricane Michael. The report released Friday by the University of Florida Institute of Food and Agricultural Sciences says that almost all of the state’s cotton crop was wiped …

Georgia Estimates $250M in Insured Losses from Hurricane Michael

The Georgia Department of Insurance has estimated insured property losses from Hurricane Michael will reach $250 million, according to a statement Georgia Insurance Commissioner Ralph Hudgens. In figures released Oct. 18, GADOI said more than 35,000 property-related claims were expected. …

Power Outages Still Plague Florida Panhandle Nearly 2 Weeks After Michael

It’s the greatest need after a hurricane and sometimes the hardest one to fulfill: Electricity. Almost two weeks after Hurricane Michael smashed into the Florida Panhandle on a path of destruction that led all the way to the Georgia border, …

Florida Red Tide Not Diminished by Hurricane Michael

Hurricane Michael failed to break up a patchy and toxic algae bloom that has lingered in the Gulf of Mexico off Florida’s shoreline for the last year, experts said Monday, meaning the red tide outbreak could continue to cause problems …

Weaker Building Codes in Florida Panhandle Scrutinized After Michael

Unlike in South Florida, homes in the state’s Panhandle did not have tighter building codes until just 11 years ago; it was once argued that acres of forests would provide the region with a natural barrier against the savage winds …

Hurricanes Behind Cuts in Earnings Estimates for AIG, Chubb, Other S&P 500

The S&P 500 has plummeted more than 5 percent since early October. The culprit: slowing earnings growth stemming from rising interest rates and oil prices, according to Goldman Sachs Group Inc. That straightforward theory might work as a catch-all, but …

Georgia Working to Restore Power to Thousands After Hurricane Michael

Power outages caused by Hurricane Michael are likely to linger into early this week for some of the hardest hit communities in southwest Georgia. More than 188,000 homes and businesses still didn’t have power Friday. Crews and property owners worked …

Rescuers Continue to Search Florida Towns Demolished by Hurricane Michael

Dozens of people remained missing on Sunday in Florida Panhandle communities reduced to ruins by Hurricane Michael as rescuers said they expected the death toll to rise and survivors grappled with power outages and shortages of food and water. Already …