Weather
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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. -
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.
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Shipping is currently heading away from the port of Houston for safer waters, according to live vessel location information.
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The storm is due to impact the west coast on Thursday after hitting southern island Jeju today.
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Sources estimated combined property and crop claims could reach $4bn up to $10bn.
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The blaze in northern California has so far burnt more than 350,000 acres and is 22% contained.
