Hurricane Michael Wind and Storm Surge Cause An Estimated $3 Billion to $5 Billion in Losses, CoreLogic Analysis Shows
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The post-landfall estimates below have been updated based on the
As Michael moved over land, it weakened, so some counties won’t have experienced the full impact of a landfalling Category 4 hurricane. Certain counties will experience multiple categories of storm intensities because the properties closer to the coast are likely to experience stronger winds relative to the more inland properties within a county or CBSA. In particular, it is expected that states other than
For major Gulf and
Methodology
The CoreLogic North Atlantic Hurricane Model includes improved location risk and estimation through its robust stochastic event set, high-resolution hazard modeling, component-level vulnerability, and usage of PxPoint™, the structure- and parcel-level geocoding engine. With detailed and rigorously validated model outputs, the model provides the ability to calculate damage contributions from wind and storm surge, providing a transparent way of looking at loss as well as to obtain a better understanding of capital adequacy for the separate or combined perils of hurricane winds and coastal storm surge flooding. The model offers a complete view of the risk for all perils and sub-perils. The North Atlantic Hurricane Model is updated biennially and has been certified by the
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The data provided are for use only by the primary recipient or the primary recipient's publication or broadcast. This data may not be resold, republished or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without prior written permission from
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The Latest: 2 people still missing in Virginia after storm
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