CNN — Franklin has strengthened into a Category 1 hurricane in the Atlantic, as forecasters are monitoring another area of showers and thunderstorms in the Caribbean Sea that could develop into a tropical system as soon as Sunday. Forecasters at the National Hurricane Center are watching the disturbed weather near Central America, which is expected … Read more
Insurance companies are struggling to keep up with economic growth, population shifts, inflation trends and the most unpredictable variable of all: the rising prevelance of natural disasters—big and small. Source link
Parametric insurance, which lets businesses tie their policies directly to weather conditions such as wind speed and flood depth, has garnered interest amid tough conditions for insurance buyers. Source link
CNN — Roadways at the Detroit Metropolitan Wayne County Airport have reopened after overnight flooding partly blocked a terminal and thunderstorms halted incoming flights on Thursday. Access to the McNamara Terminal has been restored, airport authorities said Thursday afternoon. Both the northbound and southbound tunnels on Dingell Drive have reopened, according to an airport spokesperson. … Read more
CNN — Tropical Storm Harold is plowing through Texas, triggering flash flooding and tornado warnings as the gusty storm pushes toward Mexico. Harold made landfall just before 10 a.m. CT (11 a.m. ET) on Padre Island, Texas, with sustained winds of 50 mph and gusts as high as 67 mph, becoming the first storm to … Read more