Hurricane Rafael makes landfall in Cuba as a Category 3 storm, heads toward Gulf of Mexico

benzinga.com

Hurricane Rafael made landfall in Cuba on Wednesday as a Category 3 storm, with winds reaching 115 miles per hour. The storm hit the Artemisa province and is expected to move into the Gulf of Mexico later that night. Residents along the Gulf Coast, from Florida to Texas, are monitoring the storm's path. The hurricane's impact may affect various sectors, including home improvement and insurance, as communities prepare for potential damage. Companies like Home Depot and Lowe's may see increased sales as people secure their homes. Conversely, insurance firms such as Allstate and Travelers could face a rise in claims following the storm.


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