Rep. Greg Steube, R-Florida, spoke about how his district is preparing for Hurricane Milton, and Rep. James Comer spoke about FEMA, the federal response to hurricane season, and FEMA funding for illegal immigrants. We are calling for a review of the use of .
hurricane milton With just hours left until Florida hits, Moody's says more than $1 trillion in commercial real estate alone is in the path of the powerful storm.
“More than 235,000 commercial properties in the state have a greater than 50% chance of being exposed to wind speeds of at least 50 miles per hour (the wind speed at which some damage is likely to occur).” Moody's said in an update Tuesday on its website. “The total estimated value of these properties is $1.1 trillion.”
Aerial drone shot of the Tampa Bay skyline, Florida. Moody's estimates that approximately $1.1 trillion worth of commercial real estate is in the path of Hurricane Milton. (Joe Soum/Visions of America/Universal Images Group via Getty Images/Getty Images)
A hurricane, currently designated as a Category 4 hurricane, is expected to strike. hits the west coast of floridaincluding Tampa Bay, before crossing the state on Wednesday.
Milton is one of the most powerful hurricanes in the Atlantic Ocean in more than 170 years of record. fox weatherand the storm is expected to cause catastrophic destruction in Florida.
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Florida Chief Financial Officer Jimmy Patronis told “Varnie & Friends” on Tuesday that the Milton construction could result in insured losses of $10 billion to $20 billion.
Florida Chief Financial Officer Jimmy Patronis talks about hurricane preparedness, how insurance prices could change due to Milton, and the cost of living in the Sunshine State.
National Hurricane Center (NHC) warned in Wednesday morning's advisory. Hurricane Milton is expected to make landfall late tonight, resulting in “widespread and destructive storm surge along portions of the west-central coast of the Florida peninsula, with maximum flooding of 10 feet or more.”
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hurricaneAs of 5 a.m. ET, it was centered about 300 miles southwest of Tampa and had maximum sustained winds of 160 mph.
Hurricane Milton warning for Florida. (FOX Weather/Fox News Weather)
The NHC also announced that “precipitation amounts are expected to reach 6 to 12 inches across the central and northern Florida peninsula through Thursday, with localized rainfall totals up to 18 inches.” “This rainfall, along with moderate to major river flooding, poses a risk of catastrophic and life-threatening flash and urban flooding.”
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NHC added, “We must urgently prepare to protect lives and property, including preparing for long-term power outages.”
FOX News' Greg Norman contributed to this report.
