October 7, 2016 / 4:31 PM / 10 months ago

FACTBOX-Economic impact, business closures from Hurricane Matthew

(Updates with latest information)
    Oct 7 (Reuters) - Hurricane Matthew is threatening the
Atlantic coast from Florida to South Carolina and could deliver
tens of billions of dollars in damage, according to experts,
after the storm killed 500 people and left thousands homeless in
Haiti. 
    Fitch Ratings estimates that if Matthew results in insured
losses in excess of $10 billion, a greater proportion of losses
will be borne by reinsurers as opposed to primary
companies. 
    CoreLogic, a California-based real estate data firm,
estimated the storm could cause up to $189 billion in storm
surge damage to residential property in Florida alone.
    In comparison, recovery costs from Superstorm Sandy totaled
$71.3 billion in New York and New Jersey in 2012, according to
estimates from their governors.
    Here is a summary of closures and disruptions due to the 
hurricane. 
    
    TRANSPORTATION
    AIRPORTS: South Florida airports closed. Flights at Miami
International Airport were resuming on Friday.
    FLIGHT CANCELLATIONS: 
    Delta Airlines - About 130 Thursday, 150 Friday and
80 Saturday cancellations. 
    United Airlines : 180 flights canceled through
Saturday in Florida. 
    American Airlines : 580 flights canceled on Friday,
and 160 on Saturday. 
    Southwest Airlines : 130 flights canceled.
    RAILROADS: CSX Corp Florida line from Auburndale to
Jacksonville halted; Norfolk Southern Corp traffic en
route to affected regions being held.
    TRUCKING AND DELIVERY: Ryder System Miami headquarters
closed; FedEx contingency plans in place, potential
service disruptions; UPS contingency plans in place. 
    BRIDGES: Talmadge Memorial Bridge (CQ) in Savannah, Georgia,
to close. All traffic ordered to stay off roads in coastal
island community in Tybee Island in the state.
    
    RETAILERS
    Nordstrom 15 Florida stores closed; Neiman Marcus 5
stores closed; Lumber Liquidators 15 stores closed.
    Dollar General, Office Depot closures
followed evacuation orders.
    Costco closed unspecified number of Florida stores,
reported higher sales of emergency items in the region. 
    
    POWER OUTAGES
    NextEra Energy : Forecasts power outage for up to 2.5
million homes and businesses, some for extended periods of time.
For full list, see 
    
    TOURISM
    Walt Disney World, Universal Studios Florida, and
SeaWorld closed.
    Norwegian Cruise Line cruise ship diverted from
Bahamas; Carnival Cruise Line, a unit of Carnival Corp 
route adjustments as needed. 
    
    FUEL
    Gas flowing into Florida Gas pipeline from Texas and
Louisiana to fall about 800 million cubic feet per day,
according to Thomson Reuters data.

 (Reporting by Angela Moon, Scott DiSavino and Dipika R Jain in
New York, Nick Carey in Chicago, David Morgan in Washinton and
Reuters staff in Bengaluru; Editing by Jeffrey Benkoe)

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