Climate troublemaker La Niña isn’t here yet – but it is on the way, federal weather forecasters said in a report released Thursday morning.
Tag: wind damage
Hurricane Idalia Makes Landfall in Florida
Hurricane Idalia’s damaging winds moved inland through northern Florida early Wednesday as a catastrophic storm surge washed through the coastal Big Bend region.
Hurricane Season Could Threaten an Estimated 33 Million Homes: CoreLogic
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.
Home Insurance Trends Reflect Steady Rise in Loss Cost and Severity Across All Perils
This year’s U.S. Home Trends Report, based on property exposures and losses from 2015 to 2021, reveals that, while loss cost and frequency decreased across all perils in 2021, the seven-year trend shows a steady increase over time.
Hurricane Laura Slams Into Gulf Coast, Leaves 500,000 Without Power
Hurricane Laura weakened to a Category 2 storm hours after barreling ashore near the Texas-Louisiana border, but it continued to threaten what forecasters described as lethal flooding and widespread wind damage. Laura made landfall overnight as a storm of historic proportions, with wind speeds of 150 miles an hour, according to the National Hurricane Center,… Continue reading Hurricane Laura Slams Into Gulf Coast, Leaves 500,000 Without Power
At Peak Storm Season, Texas Funding Remains Stressed
As people across the coastal United States prepare for peak hurricane season, the state of the insurance backstop protecting almost half of coastal Texas homeowners from wind damage is still in question. At an August meeting of the Texas Windstorm Insurance Association Board, a vote to begin the fiscal year without a 41.7% and 50%… Continue reading At Peak Storm Season, Texas Funding Remains Stressed
Hurricane Barry is Estimated to Have Caused Between $500M-$900M in Flood and Wind Losses
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today announced residential and commercial flood and wind loss estimates for Hurricane Barry. According to this data analysis, flood loss for residential and commercial properties in Louisiana is estimated to be between $200 million and $400 million which includes both storm surge and inland… Continue reading Hurricane Barry is Estimated to Have Caused Between $500M-$900M in Flood and Wind Losses
Florence Is a Tragedy for Homeowners, Not Insurers
People in the Carolinas are about to rediscover the difference between the damage a storm causes and what is covered by insurance. Hurricane Florence weakened considerably as it moved over the U.S. coast over the weekend, lessening its speed and causing much less wind damage than had been feared earlier last week. However, heavy rain… Continue reading Florence Is a Tragedy for Homeowners, Not Insurers