Subtropical storm Alberto could bring $1 billion in losses to U.S. gulf coast

(Bloomberg) — Subtropical Storm Alberto won’t get much stronger before it comes ashore on Florida’s Panhandle early Monday, as it spreads heavy rains across the U.S. South potentially causing more than $1 billion in economic losses.

Alberto’s top winds have peaked at 50 miles (80 kilometers) per hour and it doesn’t have a great chance to get much stronger, wrote Daniel Brown, a meteorologist at the National Hurricane Center in Miami. Dry air sapped the storm of its strength on...

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