• Dramatic photos show the trail of destruction Hurricane Irma is carving through Florida

    One year ago - By Business Insider

    Hurricane Irma hit Florida's southwestern coast on Sunday, and is moving up the northwestern coast with winds of up to 130 mph.
    Some 6.3 million people in Florida were ordered to evacuate, the Florida Division of Emergency Management said on Saturday, according to ABC News .
    The US National Hurricane Center forecasted it to weaken to a tropical storm on Monday, and reduce to a tropical depression by Tuesday afternoon.
    The photos and videos below offer a glimpse of the destruction Irma has brought to the state. SEE ALSO: Hurricane Irma is hammering Florida - here's the latest
    People had to...
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  • Here's Why the Storm Surge That Comes After a Hurricane Is So Dangerous

    Here's Why the Storm Surge That Comes After a Hurricane Is So Dangerous

    One year ago - By Fortune

    It's easy to watch cable news coverage of Hurricane Irma and assume that when the storm moves north, the danger is over. After all, it's hard to imagine worse conditions than what we saw at the height of the storm.
    But for those who live near the ocean, it's not the wind or rains that scare them, it's the storm surge.
    That's a term that might be unfamiliar to people who live inland. Simply put: A storm surge is an abnormal rise in water levels that can be caused by a major storm. Winds from the storm, including external feeder bands, push water toward shore. But instead of simply cascading...
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  • Worst-case scenario not happening and insurance sector soars

    Worst-case scenario not happening and insurance sector soars

    One year ago - By Chron

    NEW YORK - Though damage from Hurricane Irma is extensive, property insurers are breathing a sigh of relief with the storm nowhere near as catastrophic as many had feared.
    Shares in insurance companies that had been hammered in the days leading up to the storm are surging Monday, the first day of trading since the hurricane was downgraded to a tropical storm.
    Particularly strong are companies with a strong presence in Florida, like Federated National Holding, HCI and Heritage Insurance.
    Citi analyst James Naklicki is estimating U.S. insured loses to be about $20 billion, with totals...
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  • Richard Branson shows the hurricane damage caused to his luxury home on Necker Island

    One year ago - By Business Insider

    Sir Richard Branson posted a video along with pictures of the devastation to his luxury resort on Necker Island after Hurricane Irma hit.
    The storm ripped apart the resort while Branson and his team hid in the wine cellar.
    He said: "We felt the full force of the strongest hurricane ever in the Atlantic Ocean. But we are very fortunate to have a strong cellar built into Necker's Great House and were very lucky all of our teams who stayed on Island during the storm are safe and well."
    Produced by Joe Daunt Join the conversation about this story »
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  • Cruise Lines Are Sending Ships to Rescue Hurricane Irma Victims in the Caribbean

    One year ago - By Fortune

    Royal Caribbean announced on Sunday that it's sending two cruise ships to Caribbean islands ravaged by Hurricane Irma in an effort to help victims of the massive storm.
    The cruise line's Adventure of the Seas ship, with passenger capacity of 3,800, was scheduled to make a humanitarian stop in St. Maarten on Sunday. Hurricane Irma ripped through St. Maarten, the Dutch side of the island known as St. Martin located east of Puerto Rico, killing at least four and badly damaging or destroying 70% of houses there, according to the government of the Netherlands . On Sunday, there were reports of...
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  • From Monte Carlo, Insurers' View of the Impact of Irma and Harvey Is Surprisingly Rosy

    One year ago - By Fortune

    As Hurricane Irma battered Florida, the cream of the insurance world - gathered under the Mediterranean sun in Monte Carlo - was assessing the costs of the storm for the global industry.
    The takeaway so far: Irma and its predecessor Hurricane Harvey, which caused massive flooding in Texas two weeks ago, are likely to take a toll on profits in a sector struggling with thin margins, stiff competition and falling prices.
    But at this early stage, the damages are not expected to be so excessive that they hit insurers' capital base in a way that would lift slumping insurance prices or hurt their...
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  • This map of how Hurricane Irma would look over Europe shows just how huge a storm it is

    This map of how Hurricane Irma would look over Europe shows just how huge a storm it is

    One year ago - By Business Insider

    Hurricane Irma is a storm of historic proportions - but far away from hurricane country it can be tough to appreciate just how big it is.
    This map shows the exact dimensions of the storm, transposed over western Europe. It was tweeted by Max Roser , a data visualisation researcher at the University of Oxford.
    With its eye around the French-German border, the storm stretches far enough to comfortably reach a dozen countries, from the UK and France in the west, Italy in the south, Poland in the east and Denmark in the north.
    The snapshot was provided by a tool, which allows users to drop a...
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