About 5,000 people, including 500 tourists, on the Spanish island of La Palma, have been forced to evacuate after a volcano, known as Mount Cumbre Vieja, erupted Sunday, Reuters reports.

Driving the news: The explosion, which took place in a southern area of the island known as Cabeza de Vaca, came after several weeks of seismic activity, with authorities recording an earthquake of about 3.8 magnitude before the eruption.

The KNP Complex Fire, which reached the western edge of Sequoia National Park Saturday night, has so far spared a group of giant sequoias, local authorities said on Sunday.

Why it matters: The forest contains over 2,000 giant sequoias, including one that is considered the largest tree on Earth by volume. The giant trees are considered "national treasures," and protective measures, such as wrapping portions of the trees in fire-resistant foil, are in place to curb damage.

Southwest Louisiana faces a "high risk" of flash flooding from Tropical Depression Nicholas on Wednesday morning, the National Weather Service warned.

Why it matters: Such "high risk" outlooks are rarely issued anywhere in the U.S. There's also a medium risk of flash-flooding in New Orleans, which is still reeling from Hurricane Ida striking the state last month.

Jupiter Intelligence, an extreme weather and climate risk management firm, announced Tuesday it is picking up a major new Japanese investor, venture capital fund MPower Partners, to jump-start an Asian expansion.

The big picture: The total investment is not yet disclosed, but Jupiter’s co-founder and CEO, Rich Sorkin, told Axios it is "substantially more" than the total investments used to build up Jupiter so far, which puts it above $40 million.

Nicholas strengthened into a hurricane as it neared Texas' coast late Monday, per the National Hurricane Center.

The latest: The storm was expected to make landfall along the Texas coast in a the next few hours, the NHC said in an 11p.m. update. It was already bringing heavy rains, strong winds and storm surges to parts of the central and upper Texas coast.

Tomorrow.io, the fast-growing weather and climate intelligence provider, unveiled Thursday a flood risk index for its data platform. The goal is to help cities, companies and others better prepare for extreme precipitation events.

Why it matters: The new product, first revealed by Axios, arrives following devastating flooding from Hurricane Ida, which left dozens dead in Pennsylvania, New Jersey and New York last week.

Southern state residents still hit by widespread power outages and repairing homes in the wake of the deadly Hurricane Ida faced a fresh threat of flash flooding from another storm system Monday.

Driving the news: The National Weather Service said the region was facing the threat of thunderstorms, "locally heavy rains, isolated flash flooding and the risk of severe weather from the Upper Mississippi Valley through the Great Lakes from Monday night into Tuesday."

More than 24,000 camping reservations out of 3.2 million have been canceled across the United States this year because of wildfires, AP reports.

The big picture: The recent uptick of national park and forest closures, due in large part to a wave of intense wildfires, coincide with a post-pandemic boom in the number of people engaging in outdoor activities.