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Laura Fades to Depression With Wreckage Trail: Hurricane Update

  • A chemical plant is on fire near Lake Charles, Louisiana
  • Six are killed in the state as trees topple on houses
Bloomberg business news
Hurricane Laura Makes Landfall With Catastrophic Surge
Updated on

Hurricane Laura, one of the most powerful storms ever to hit Louisiana, left a path of chemical fires, wrecked buildings, flooded roads and what could be more than $15 billion in insured losses, with reports of at least six people dead.

Still, the storm mostly spared the region’s oil refineries and other energy infrastructure, muting its impact on global markets. Laura weakened to a tropical depression about 10 p.m. local time Thursday, less than 24 hours after coming ashore near Cameron, Louisiana, with record-tying maximum winds of 150 miles (241 kilometers) per hour.