Florence is the most risky of three tropical systems in the Atlantic.
Weather forecasts estimate that the Category 2 storm could dump 17 trillion gallons of rain on the East Coast.
North Carolina Governor Roy Cooper said, 'The time to prepare is nearly over. The significant weakening was expected over the weekend.
Liberty Mutual Insurance and Nationwide Mutual Insurance Company write the most commercial property insurance coverage in North and SC, according to a report on Wednesday by Moody's, citing data from SNL Financial.
At the time, the storm carried winds of about 90 miles per hour (145 km/h), making it a Category 1 storm, but that ranking belies the hurricane's massive clouds and the downpour it is visiting on the coastline, with some areas already drenched in 30 inches (76 centimeters) of rain. Significant weakening is expected over the weekend.
The storm, which is poised to affect millions this week in the southeastern US, is "expected to bring life-threatening storm surge and rainfall" to North Carolina, South Carolina and Virginia, and parts of the Mid-Atlantic states, the National Hurricane Center (NHC) said.
Hurricane Florence is at the doorstep of North and SC, and she's not going away anytime soon.
White-capped flooding lashed homes and buildings and drowned street signs while occasional residents braved the wind in the town of Swansboro.
After making landfall this Friday (Sept. 14), the massive storm will now "wobble" southward and then head west, making a "big, grand tour" of the southeastern United States, U.S. Fish and Wildlife Service (FWS) meteorologist Kevin Scasny said in a statement released today (Sept. 12).
As the trough moves east, it will disrupt the winds that steer the hurricane, Stewart said. Previously he was awarded the fourth of five capacity categories of hurricanes according to the Saffir-Simpson scale.
The picture show began earlier in the week. Parts of North Carolina could get 40 inches (1 meter) of rain.