CoreLogic , a leading global property information, analytics and data-enabled solutions provider, today announced preliminary loss estimates for Hurricane Irma. This includes storm surge, inland and flash flooding in Florida, Alabama, Georgia, North Carolina and South Carolina. Of this flood total, insured residential flood loss is estimated at $5 billion.
IRVINE, calif.–(business wire)– corelogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data analysis whi
CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced updated residential and commercial storm surge and wind loss estimates for Hurricane Michael. According to this new data analysis, the wind losses for residential and commercial properties in Florida are expected to be between $2 billion and $3 billion and the storm.
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· Hurricane Irma’s Surge Poses Major Risk to Florida Hurricane Irma, the most powerful storm to take aim at Florida in decades, is on a path that presents the.
CoreLogic: 8.5M Florida Properties Risk Irma Wind Damage. Within the "Extreme" risk sector, the Miami-Fort Lauderdale-Pompano Beach corridor is at risk for the greatest amount of wind damage, with a potential of 2.2 million properties receiving the worst of the hurricane. Separately, the house-sharing service AirBnB activated its disaster response.
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An estimated $13.5-$19 billion in insured loss would be caused by wind damage to properties, it said. Residential flood loss from Hurricane Irma is expected to be between $25-$38 billion, Corelogic said, adding that the figure included storm surge, inland and flash flooding in Florida, Alabama, Georgia, North Carolina and South Carolina.
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CoreLogic: 80% of Hurricane Irma Flood Damage Is Uninsured. Of the total wind damage, an estimated $11 billion to $15 billion represents residential wind loss. Most damage from hurricane wind is typically covered by private insurers. Insured flood loss for commercial properties is estimated at $4 billion to $8 billion.
Press Release. CoreLogic Analysis Estimates Property Damage from Hurricane Irma Between $42.5 Billion and billion approximately 80 Percent of Estimated Flood Damage is Uninsured
In Sarasota and Manatee counties, 262,745 single-family homes and 3,252 multifamily units are in areas of low to extreme storm surge risk, CoreLogic said. up to $38 billion in flood damage from.
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