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.
CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced preliminary loss estimates for Hurricane Irma. According to the data analysis, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion.*
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An estimated 8.5m properties face at least high risk of damage from winds and another 3.5m from storm surges, estimates Corelogic,
Irma puts millions of properties at ‘extreme risk’ in the big coastal cities in Florida. The Miami metropolitan areas, Fort Lauderdale-Pompano Beach sector, falls under the "extreme" risk for wind damages. Over 2.2 million business and private properties would potentially receive the worst wind-caused damage from the hurricane.
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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.
CoreLogic: 8.5M Florida Properties Risk Irma Wind Damage As monster Hurricane Irma buzz-sawed its way up Florida’s Gulf Coast, it looked for several hours like the heavily populated tampa bay area could face catastrophic wind damage and. released in June.. amazing, true story about how Wall Street’s mortgage fraud unraveled..
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