Report: NY And Miami Metro Areas Have Most Homes At Risk Of Storm Damage

CoreLogic has said that New York and Miami have the most homes at risk of storm surge damage, alongside the highest reconstruction cost value.

According to the firm, its 2022 Hurricane Report shows that nearly 7.8m homes with more than $2.3tn in combined reconstruction cost value (RCV) are at risk of hurricane-related damages.

The report also revealed nearly 33m homes with nearly $10.5tn in combined RCV are at risk of hurricane-force wind damages.

Dr. Daniel Betten, chief meteorologist at CoreLogic, said: ‘This hurricane season could be particularly severe for the U.S. Gulf Coast due to warmer-than-average Atlantic Ocean temperatures, an ongoing La NiÃħa, and a stronger than average loop current in the Gulf of Mexico. Although La Nina events typically occur once every three years, this fall will likely be the fifth La Nina event over the last seven years.’

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