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An “excessive heat watch” is in effect for coastal, inland and foothill regions, Cal Fire has warned. -
The National Hurricane Center has warned of storm surge and hurricane conditions in the country.
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The typhoon, which is expected to make landfall on the peninsula on Thursday, is being compared to the devastating Typhoon Maemi in 2003.
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The storm, which is heading for Belize, is also expected to bring “dangerous” surges, according to the NHC.
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The storm is forecast to make landfall in the Korean peninsula within 36 hours.
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The February flooding took total UK winter losses to £775mn.
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On its current forecast trajectory, the storm will hit Little Rock, Arkansas, where it could cause flash flooding.
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AM Best draws a comparison with $6.4bn Hurricane Rita as Laura’s strength approaches Cat 5.
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The hurricane is expected to track north-northwest and make landfall later tonight.
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Buyers and sellers are eyeing a 20% RoL, but contracts have yet to trade.
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Forecasters predict landfall around 100 miles to the east of Houston.
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The Category 3 storm is set to move further away from the west coast of the country, which has been downgraded to yellow alert.
