$1.5tr of US properties at risk of hurricanes
Thursday, 06 08 2017, Category: Insurance and Reinsurance, Country: United States
Analysis from global property information, analytics and data-enabled service provider, CoreLogic, reveals that almost 6.9 million homes along the Atlantic and Gulf coasts, with a combined reconstruction cost value (RCV) of over $1.5 trillion, are at risk of hurricane storm surge inundation.
CoreLogic has released its 2017 Storm Surge Report, which reveals that a similar number of homes along the Atlantic and Gulf coasts are at risk of damage from hurricane storm surge inundation as that seen in 2016. The 2016 report claimed that more than 6.8 million homes were at risk with a total RCV of just over $1.5 trillion.