Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.

Hurricane Erin became a catastrophic Category 5 storm before noon on Saturday, Aug. 16, according to the latest advisory from the National Hurricane Center.

The risk of significant damage from hurricanes extends beyond coastal areas, as highlighted by a report indicating over 33.1 million residential properties are at moderate or greater risk of hurrican...