All Things Weather and Mother Nature Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : All Things Weather and Mother Nature

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Don Green	7/2/2022 10:53:29 AM
	of 942

Nearly 7.8M homes at risk of hurricane damages: report The Atlantic hurricane season is forecast to be above normal Nearly 7.8 million homes with more than $2.3 trillion in combined reconstruction cost value (RCV) are at risk of hurricane-related damages during this Atlantic season, CoreLogic's 2022 Hurricane Report says. In evaluating the storm surge and hurricane wind risk levels for both single-family and multifamily residences along the Gulf and Atlantic Coasts this season, the corporation said that 33 million homes with nearly $10.5 trillion in combined RCV are at risk of wind and flooding-related destruction. More than 31 million single-family homes were at moderate or greater risk and over 7.5 million of the homes had direct or indirect coastal exposures and subsequent risk from coastal storm surge and damage from hurricanes. At the metropolitan level, New York City has the greatest risk, with nearly 900,000 homes with more than $432 billion in RCV at risk of storm surge damage and more than four million homes with more than $2.2 trillion in RCV at risk of wind damage. BIONTECH, PFIZER TO START TESTING UNIVERSAL VACCINE FOR CORONAVIRUSES At the state level, three Gulf Coast states have the greatest number of homes at risk of storm surge damage. Florida has nearly three million, Louisiana has close to 911,000 and Texas has more than 542,000 homes at risk, respectively. The Lone Star State leads for hurricane wind risk, with more than 8.8 million homes. Hurricane season occurs from June through November. The forecast from the National Oceanic and Atmospheric Administration (NOAA) predicts anywhere from six to 10 hurricanes and three to six major hurricanes. There is a 65% chance of an above-normal season. CoreLogic said that climate change-spurred sea-level rise, stronger winds, higher rainfall rates and increasing hurricane frequency have exacerbated the risk of coastal and inland flooding and increased the risk of structural damage. "Stronger hurricane seasons mean property losses will continue to mount," it said. "The insurance industry will see increased financial implications because wind damages are covered by standard homeowners' insurance policies."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next