Tornadoes

Nestor lashes Georgia; tornadoes rake Florida

A tornado spawned by Tropical Storm Nestor damaged this car in Cape Coral, Florida, on Saturday, Oct. 19, 2019.
Nestor spawned a tornado that damaged this car in Cape Coral, Florida, on Saturday. Photo: Cape Coral Fire Department/Facebook

After Nestor lashed Florida, spawning destructive tornadoes, the post-tropical storm downed trees and caused power outages in Georgia Saturday night with heavy rains and powerful winds, WSB-TV reports.

The latest: The National Hurricane Center said isolated flash flooding was possible across the southeastern U.S. into Sunday. The National Weather Service issued a tornado warning for Godwinsville, Georgia, and flash-flood alerts for areas in the state including Eastman, Abbeville and Chester.

The coming $2.1 trillion extreme weather bonanza

Hurricane Sandy strikes NYC, 2012. Photo: Christos Pathiakis/Getty

When the subject of the world's most lucrative future industries arises, the business and financial worlds usually speak of coming bonanzas in AI, robots, the internet of things, 5G and driverless cars. What goes all but unmentioned is a nearer-term play that rivals them in scale — the utterly embryonic business of extreme weather.

What's happening: Over the next 5 years, existing global companies estimate that they will earn more than $2.1 trillion in revenue from services such as financing, building and hardening resilient infrastructure, according to a groundbreaking survey.