· These three states were hit hard by damage from storms like Hurricane Harvey and Hurricane Irma last year, and that has affected mortgage performance. Servicers are concerned about hurricanes’ effect on homes because they are responsible for ensuring collateral is repaired in the wake of storms, and flood-damage is particularly nettlesome.
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.
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CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data analysis which shows that an estimated 8,456,455 residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma.
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. are at risk of storm-surge damage and almost 8.5 million properties are at risk of wind damage, according to data provider CoreLogic. The last Florida storm that was the size of Hurricane Irma was.
Roughly 8.5M Florida properties ‘at significant risk’ of damage from Hurricane Irma Friday, 8 September 2017 An estimated 8.5 million Florida homes and businesses, including more than 1 million in Central Florida, are at extreme, very high or high risk of wind damage from Hurricane Irma, according to CoreLogic (NYSE: CLGX), a global property.
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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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.
As Hurricane Florence barrels through the Carolinas, billions of dollars in real estate are at risk of damage or destruction. An estimated 250,000 homes in North Carolina will likely be affected, with the bulk of the damage in that state. Across both states, Florence could cause $3 billion to $5 billion in insured property losses from wind and storm surge, according to CoreLogic.
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