This year, CoreLogic has identified that more than 32 million single-family residences (SFRs) and an additional 1 million multifamily residences (MFRs) are at moderate or more significant risk of sustaining damage from hurricane-force winds.
Tag: storm surge
Nicole Leaves ‘Unprecedented’ Damage in Its Wake
Nicole’s storm surge carved a path through the Florida coast on Thursday, threatening the foundations of several beachfront homes.
Ten Years Later Property Owners Are Still Paying for Superstorm Sandy Damage
Sandy’s storm surge caused the superstorm to be one of the most expensive tropical cyclones to make landfall in the United States.
Hurricane Ian Exposes Flood Insurance Nightmare in Florida
Hurricane Ian’s storm surge flooded homes on Florida’s west coast, leaving mold, muck, mud, and a flood insurance nightmare for residents who want to rebuild. Many Floridians who experienced extensive flooding did not have a separate flood insurance policy to cover the storm’s damage. It has left homeowners — and even renters — with a… Continue reading Hurricane Ian Exposes Flood Insurance Nightmare in Florida
New York City and Miami Have Most Homes at Risk of Storm Surge Damage
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its 2022 Hurricane Report, which analyzes hurricane and storm surge and wind risk exposure for single-family residences (SFRs) and multifamily residences (MFRs) along the U.S. Gulf and Atlantic Coasts. CoreLogic risk modeling data shows that nearly 7.8 million homes with more than… Continue reading New York City and Miami Have Most Homes at Risk of Storm Surge Damage
Climate Change-Influenced Hurricane Season Could Threaten an Estimated 8 Million Homes with Storm Surge
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its 2021 Hurricane Report, providing analysis of single- and multifamily residences along the Gulf and Atlantic coasts and revealing nearly 8 million homes with more than $1.9 trillion in combined reconstruction cost value (RCV) are at risk of storm surge. This year’s… Continue reading Climate Change-Influenced Hurricane Season Could Threaten an Estimated 8 Million Homes with Storm Surge
Eta Regains Hurricane Strength wth Florida in Its Sights
After days of meandering in the Gulf of Mexico, Hurricane Eta is zeroing in on Florida’s west coast, where it could make landfall Thursday. A hurricane watch has been posted along the shore from Anna Maria Island, south of Tampa, to Yankeetown. Eta could push ocean levels as high as 5 feet (1.5 meters) above… Continue reading Eta Regains Hurricane Strength wth Florida in Its Sights
RMS Estimates that Total Onshore U.S. Insured Losses from Hurricane Delta Will Be Between $2B-$3.5B
RMS, the world’s leading catastrophe risk solutions company, estimates total onshore U.S. insured losses from Hurricane Delta to be between $2bn and $3.5bn. The estimate includes losses to the National Flood Insurance Program (NFIP) of between $200m and $400m. U.S. insured loss estimates for Hurricane Delta (US$ billions): Wind & Surge Inland Flood NFIP Total… Continue reading RMS Estimates that Total Onshore U.S. Insured Losses from Hurricane Delta Will Be Between $2B-$3.5B
AIR Worldwide Estimates Insured Losses for Hurricane Delta Will be Between $1B and $3B
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Delta’s winds and storm surge will range from $1 billion to $3 billion. Hurricane Delta made landfall on October 9 around 6 p.m. CDT near Creole, Louisiana, as a Category 2 storm with sustained wind speeds of 100… Continue reading AIR Worldwide Estimates Insured Losses for Hurricane Delta Will be Between $1B and $3B
Hurricane Sally to Be 8th Named Storm to Make U.S. Landfall
U.S. Gulf Coast residents from Louisiana to Florida should prepare for Hurricane Sally, which is forecast to make landfall on Tuesday, according to the Insurance Information Institute (Triple-I). In a Monday afternoon advisory, the National Hurricane Center (NHC) indicated there is uncertainty over the specific timing and location of Sally’s landfall, as well as its… Continue reading Hurricane Sally to Be 8th Named Storm to Make U.S. Landfall