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Yahoo
an hour ago
- Yahoo
Experts warn of worsening crisis that could soon render beloved US region uninsurable: 'Individuals are feeling the impact'
Experts warn of worsening crisis that could soon render beloved US region uninsurable: 'Individuals are feeling the impact' A new report has revealed that as the risks of extreme weather events grow, it could render parts of Florida uninsurable in the future. What's happening? Florida Insider reported that a study modeling the climate risks in the Sunshine State found that home insurance premiums in Fort Myers Beach have skyrocketed in the last five years. The rates climbed from an already pricey average of $9,000 annually in 2019 to an eye-watering $14,000 in 2024. The situation is equally unsustainable statewide, as premiums have climbed 30% since 2021. A climate risk specialist, Jeremy Porter, told the outlet: "We haven't adequately measured climate risk in our risk modeling during the past few decades. We're currently playing catch-up, which is quickly raising insurance prices, and individuals are feeling the impact on their household budgets." As more Floridians are priced out of homeowners insurance, the state is forced to take on an increased share of the burden. Additionally, this has a knock-on effect on property values and disincentivizes investment in the area. The Wall Street Journal described the idyllic coastal city of Cape Coral as "the worst housing market in America." Why are rising insurance rates such a concern? Rising global temperatures caused by human activity are fueling the extreme weather events that are making parts of Florida virtually uninsurable. Warmer ocean temperatures and rising sea levels are creating the ideal conditions for more frequent and devastating hurricanes. For example, Hurricane Ian in 2022 caused several deaths and over $112 billion of property damage and prompted half a million insurance claims. Florida is far from the only state contending with steeply rising insurance costs caused by the climate-induced increased risk to insurers. Areas prone to wildfires in California have seen steep rises, and some insurers are simply pulling out of states altogether. What's being done to mitigate the risks of extreme weather events? The new reality requires some rethinking about real estate in Florida and other at-risk areas. Revisions to the building code, such as Japan's earthquake-resistant designs, to make homes more resilient against hurricanes, would be a good start. It will also require greater public awareness of the inherent risks and the solutions. More sustainable building materials could make it easier to rebuild after a disaster strikes and reduce the considerable pollution footprint of the construction industry. Do you think your city has good air quality? Definitely Somewhat Depends on the time of year Not at all Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the the daily Crossword


CBS News
2 hours ago
- CBS News
A little more sunshine expected across Maryland Thursday
A thick blanket of clouds hung over Maryland as moisture streamed northward Wednesday afternoon. While most of the steady rain stayed in southern Maryland, a few stray showers did manage to pop up during the afternoon. Skies will manage to clear late tonight, some patchy fog could develop-especially in low-lying river valleys. Overnight lows will fall into the 60s for most, with some cooler spots in the upper 50s in western Maryland. Looking ahead to Thursday and Friday, high pressure nearby will keep our weather relatively quiet. Winds coming in off the water will help hold temperatures a bit below normal for early August. Expect highs in the upper 70s to low 80s both days, with overnight lows in the upper 50s and 60s. We'll see a mix of clouds and sun Thursday-though clouds may win out by the afternoon. Friday is looking brighter overall, with a little more sun breaking through as the system overhead moves out. Rain chances look very limited to end the week, though we can't completely rule out a quick popup shower Thursday afternoon. If you are headed to the Ravens Pre-Season Game at the Bank Thursday evening, expect temps in the 70s under partly cloudy skies. Ideal weather for some football. As we head into the weekend, dry conditions are expected to continue across much of Maryland, along with slightly cooler-than-normal temperatures. Expect highs in the 80s with lows in the 60s. It will be warmer than it was during the week Next week brings some changes. Warmer air will start to push in from the south, leading to a slow return of humidity-and eventually, better chances for showers and storms. Monday and Tuesday could bring a few spotty, heat-driven showers. But the best chance for more widespread rain looks to arrive around midweek. By then, expect the humidity to return in full force. Heat index values could approach 100 degrees by Wednesday or Thursday, marking a noticeable shift from this week's cooler, cloudier pattern. In the meantime, enjoy the fresh air and mild temperatures-it's a break from the usual August heat, and it won't last much longer.
Yahoo
3 hours ago
- Yahoo
Massive rain band to belt millions
A massive rain band stretching from the Australian interior all the way to the Indian Ocean is crawling towards the east coast, and is expected to bring showers to large parts of Queensland and New South Wales as it rolls its way into the Pacific Ocean. Sky News meteorologist Rob Sharpe said Sydney would be settling in for 'colder, wet weather' for the next couple of days. 'It doesn't look as wet as what we saw over that five-day stretch where most of Sydney saw more than 10mm of rain, but it does look like most of Sydney will see 50mm primarily from Friday to Monday with a series of showers,' he said. 'I'm already thinking of changing my plans (on Saturday) because of the forecast, and I'm sure many other people are as well.' Mr Sharpe said Sydney wouldn't be dealing with the wet weather in isolation, with large parts of the NSW coastline expecting 'plenty of showers through the weekend'. 'Inland parts of NSW will also get a little bit of wet weather, most likely on Friday,' Mr Sharpe said. Mr Sharpe said Queenslanders can also expect to endure a deluge, with rain 'picking up (on) Friday across the state'. Sydney's forecast for Thursday is a minimum of 11C with a max of 17C and early showers. Melbourne can expect a cool minimum of 5C and a max of 14C with a 10 per cent chance of showers. Brisbane is expecting a tidy 13C minimum with a warm max temp of 23C and a 20 per cent chance of rain. Perth will miss the rain, with a minimum temp of 7C, a max of 21C and dry conditions throughout the day. Adelaide is expecting a minimum of 7C, a max of 16C and a slight chance of rain, roughly 10 per cent. Canberra will endure a chilly low of 0C, and the day will level out with a max of 14C and dry conditions. Hobart is expecting a minimum temp of 5C and a max of 14C with a 20 per cent chance of rain.