Irma on Collision Course With Miami After Wrecking Caribbean

  • Category 5 storm with 175 mph winds just north of Hispaniola
  • Killer storm seen slamming into Florida coast Sunday morning

Irma Pounds Caribbean as She Races for Florida

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Hurricane Irma continued on a collision course with Miami after devastatingBloomberg Terminal a chain of Caribbean islands, triggering the largest evacuation in Miami-Dade County history and threatening to become the most expensive storm in U.S. history.

The life-threatening storm is heading for a direct hit on Florida Sunday, according to the U.S. National Hurricane Center. That prospect has roiled markets for everything from orange juice to insurance and natural gasBloomberg Terminal. Barclays Plc has estimated insured losses in a worst-case scenario from the storm at $130 billion. Irma may reenter the Atlantic and make a second landfall Monday somewhere near Savannah, Georgia, and Charleston, South Carolina.