CoreLogic: 6.5M U.S. homes at risk for storm surge
IRVINE, Calif. – July 11, 2014 – CoreLogic's analysis of homes along the coastlines of 19 states and the District of Columbia – in the Gulf and Atlantic regions and as far west as Texas and as far north as Maine – reveals that more than 6.5 million homes are at risk of storm surge inundation or $1.5 trillion in total reconstruction costs.
More than $986 billion of that risk is concentrated within 15 major metro areas, the analysis found.
Of the states with the highest number of properties at risk, Florida had nearly 2.5 million homes at risk and $490 billion in total potential exposure to damage, compared to the New York metropolitan area – from northern New Jersey to Long Island – that had 687,412 homes at risk and a total reconstruction value of more than $251 billion.
CoreLogic also found the highest number of properties at risk were located in Louisiana, New Jersey, and Texas; while those with the lowest level of risk were the District of Columbia, New Hampshire, Maine, Rhode Island and Delaware.
The states with the highest value of reconstruction costs were Florida, New York, Louisiana, New Jersey, and Virginia, compared to those with the lowest value in the District of Columbia, New Hampshire, Maine, Rhode Island, and Alabama.
Source: Insurance Journal (07/10/14)
© Copyright 2014 INFORMATION, INC. Bethesda, MD (301) 215-4688