The 2012 CoreLogic Storm-Surge Report released on June 7, 2012, puts New York, N.Y., at the top of their storm surge risk list with potential hurricane damage that exceeds $168 billion.
CoreLogic is a financial, property and consumer information, analytics and services company that works with government agencies, insurance companies, mortgage companies and others, according to the CoreLogic website.
The report looked at the potential damage to structures along the Atlantic and Gulf coasts of the U.S. due to storm surge from hurricanes.
Overall, the report estimates that more than 4 million U.S. homes are at risk of hurricane storm-surge flooding in 2012.
The estimates were made using CoreLogic's database of properties that are located within the perimeter of predetermined storm-surge polygon.
Below are the top 10 metropolitan areas with the potential for the greatest financial impacts from storm surge of all categories of hurricanes.
|City||Total Properties Potentially Affected||Total Structural Value|
|New York, N.Y.||455,255||$168,070,185,834|
|Virginia Beach, Va.||290,522||$46,202,134,284|
|New Orleans, La.||276,930||$38,690,939,229|
|Cape Coral, Fla.||172,513||$19,623,515,300|
The estimated total risk to properties in these 10 cities exceeds $420 billion.
These estimates of potential storm surge damage do not take into account hurricane damage caused by wind or rain.
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