June 5, 2017
The National Oceanic and Atmospheric Administration (NOAA) predicts the 2017 hurricane season will see fewer storms than both 2016 and the 30-year average. Yet, nearly 6.9 million homes along the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge inundation, with a total reconstruction cost value (RCV) of more than $1.5 trillion, according to CoreLogic’s 2017 Storm Surge Report.
CoreLogic’s Dr. Tom Jeffery said, “Despite the fact that this year’s hurricane season is predicted to have fewer storms than last year, it doesn’t mitigate the risk of storm surge damage.”
Risk was examined along the Atlantic and Gulf coastlines across 19 states and the District of Columbia, as well as for 86 metro areas.
Where’s Most At-Risk Homes?
- Atlantic Coast 3.9 million at-risk homes (RCV of $970 billion)
- Gulf Coast nearly 3 million (RCV of $593 billion)
- Florida nearly 2.8 million
- Louisiana 808,000
- Texas 536,000
- New Jersey nearly 470,000
For comments, questions or concerns, please contact Dennis Kaiser