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CoreLogic® Finds More Than $234 Billion in Residential Storm Surge Exposure in 13 U.S. Cities PDF Print E-mail

storm_surge_lgA global phenomenon, storm surge is one of the most disastrous natural flooding events that can occur. The U.S.,with its exposure to tropical storms along its East and Gulf Coasts, has long been aware of the horrible consequences of storm surge. With billions of dollars in insured losses and countless lives lost to storm surge, the U.S. has seen more than its fair share of destruction wrought by this natural catastrophe.

Today, coastal counties are experiencing a continued population increase and include a large number of high-value residential properties. Through building codes and property enhancements, individual homeowners can mitigate wind damage from hurricanes, but struggle to mitigate against the salt water flooding from the resulting storm surge.

The CoreLogic Storm Surge Report examines the impact of storm surge on 13 different areas along the East and Gulf Coasts of the U.S. The report quantifies the risk these communities face with a focus on residential exposure and the risk assessment possibilities based on storm category.

Click here to register and view full report

A recent Insurance Journal article highlights an interview with Dr Howard Botts, VP and director of development for the CoreLogic® Spatial Solutions division. During the interview, Dr Bott describes the benefits of our Storm Surge Report to Insurers and Agents when attempting to educate their customers about the need to purchase flood insurance due to the danger of storm surge in vulnerable coastal areas.

Click here to learn how this report could benefit your business.

Last Updated on Wednesday, 09 June 2010 07:25