CoreLogic® (NYSE: CLGX) today released data analysis showing 758,657 homes in North Carolina, South Carolina and Virginia with a reconstruction cost value (RCV) of approximately $170.2 billion are at potential risk of storm surge damage from Hurricane Florence based on its Category 4 status.
Current projections show it is likely Hurricane Florence could exceed a Category 4 storm. CoreLogic plans to release new figures for Hurricane Florence-related activity in advance of landfall to reflect the storm’s updated path and intensity.
The table below shows the total number of properties at risk of storm surge for each of the five hurricane categories, as well as their accompanying RCV totals, for the Core-Based Statistical Areas (CBSAs) located along the North Carolina, South Carolina and Virginia coasts that could potentially be affected.
Hurricane-driven storm surge can cause significant property damage when high winds and low pressure cause water to amass inside the storm, releasing a powerful rush over land when the hurricane moves onshore. For a complete view of total storm surge risk for all 19 Atlantic and Gulf Coast states and 86 CBSAs, download the 2018 CoreLogic Storm Surge Report
