The Latest: Michael caused estimated $8B in insured losses


PANAMA CITY, Fla. (AP) — The Latest on the impact of Hurricane Michael’s destructive path across the southeastern U.S. (all times local):

8:10 p.m.

An insurance company that produces models for catastrophes is estimating Hurricane Michael caused about $8 billion in insured losses.

Boston-based Karen Clark & Company released the estimate Thursday. It includes the privately insured wind and storm surge damage to residential, commercial and industrial properties and automobiles. The figure does not include losses covered by the National Flood Insurance Program.

Michael made landfall as a 155 mph (250 kph), Category 4 storm Wednesday afternoon in Mexico Beach, Florida. The hurricane left a path of destruction through the Florida Panhandle and entered Georgia as a Category 3 storm.

KCC estimates that nearly half of insured loss from Michael occurred in Florida’s Bay and Gulf counties. Total damages from storm surge are estimated to be $3.7 billion, of which about ten percent will be insured.

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7:30 p.m.

Fast-moving Michael was leaving North Carolina behind with rivers rising and more than 530,000 households in the dark.

Gov. Roy Cooper’s office said the power outages were concentrated in central North Carolina’s Piedmont region, as trees and power lines toppled under the pressure of winds of up to 60 mph (97 kph).

Heavy rains dumping up to 7 inches (18 centimeters) in some areas were making flooding a serious threat.

Flash flooding was snarling the state’s two largest cities, Charlotte and Raleigh, as well as the university town of Chapel Hill. Dozens of swift water rescues and evacuations were needed in the Piedmont region as well as the state’s mountains and foothills.

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6:35 p.m.

State officials say Hurricane Michael left Florida’s largest psychiatric hospital “entirely cut off.”

A spokesman with the Florida Department of Children and Families says Florida State Hospital in Chattahoochee has been running on emergency generators. A helicopter dropped water and food …read more

Source:: The Mercury News – Nation, World

      

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