An area of low pressure stopped moving in the Caribbean Sea without showing tropical development for the first few days at the beginning of November. On November 5, the low pressure system became Tropical Depression Seventeen while just east of Nicaragua. The next day it became Tropical Storm Paloma. It was the first tropical storm to receive this female name. Paloma then made landfall in Cuba and moved slowly and quickly dissipated on November 9. The remains of Paloma were tracked till they came ashore of the Florida Panhandle. Paloma caused up to $315 million (2008 USD) in damage in the area Paloma affected.