11 Oct '16, 6pm

WOW, upwards of $6B in damage due to Matthew.

A CoreLogic® (NYSE: CLGX) analysis released Monday estimates that insured property losses for both residential and commercial properties from Hurricane Matthew are estimated to be between $4 billion and $6 billion from wind and storm surge damage. This does not include insured losses related to additional flooding, business interruption or contents. Of this $4-6 billion, 90% of the insurance claims are expected to be related to wind and 10% is expected to be related to storm surge. Figure 1 below shows the insured property loss estimates for Hurricane Matthew compared with previous storms, including Hurricanes Katrina, Sandy, Floyd and David. As the data indicates, the insured loss estimate from Hurricane Matthew is well above Hurricanes Floyd and David, but well below Hurricanes Katrina and Sandy. In addition, CoreLogic estimates about 1.5 million residential and commerci...

Full article: http://www.ecobuildingpulse.com/news/corelogic-4b-6b-in-d...

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ecobuildingpulse.com 11 Oct '16, 8pm

A CoreLogic® (NYSE: CLGX) analysis released Monday estimates that insured property losses for both residential and commerc...

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