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Catastrophe Restoration

CoreLogic Analysis Shows an Estimated 8.5 Million Properties in Florida at Significant Risk of Potential Wind Damage from Hurricane Irma

Hurricanes Harvey and Irma
September 8, 2017

IRVINE, Calif., September 8, 2017—CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data analysis which shows that an estimated 8,456,455 residential and commercial properties in Florida are at either “Extreme,” “Very High” or “High” risk of wind damage from Hurricane Irma. CoreLogic storm surge analysis shows that an estimated 3,494,735 residential and commercial properties in Florida are at risk of hurricane-driven storm surge damage. Neither analysis includes potential damage from inland flooding.

Table 1 shows the estimated number of residential and commercial properties at risk of wind damage for both Florida and select Core Based Statistical Areas (CBSAs). Table 2 shows the estimated number of residential and commercial properties at risk of storm surge damage from Hurricane Irma for the state and the same CBSAs. 

Storm surge occurs when water is pushed toward the shore through the force of powerful winds associated with cyclonic storms. High winds and low pressure created by a storm causes water to accumulate at its center, and as it moves across the ocean, the strong winds inside the hurricane act as a plow, causing water to pile up along the front of the storm.

Table 1: Estimated Number of Residential and Commercial Properties at Risk of Wind Damage from Hurricane Irma

Data in Tables 1 and 2 should not be combined to calculate totals as these are independent CoreLogic peril analyses and property duplication can occur.

CoreLogic Data Extreme Very High High Moderate Low
Florida 2,658,005 3,393,312 2,405,138 854,238 11,586
CBSA          
Cape Coral-Fort Myers 85,402 36,039 401,004 0 0
Crestview-Fort Walton Beach-Destin 3 68,527 0 29,294 0

Deltona-Daytona Beach-Ormond Beach

7 88,419 171,942 1 0
Gainesville 2 1 9,028 96,015 0
Jacksonville 15 277 187,777 437,763 3,828
Key West 26,117 29,406 0 0 0
Lakeland-Winter Haven 7 320,052 41 19 0
Miami-Fort Lauderdale-Pompano Beach 2,202,056 32 316 0 0
Naples-Marco Island 7,069 211,011 98 0 0
North Port-Bradenton-Sarasota 53 31,102 411,534 0 0
Ocala 21 136,124 24,041 704 0
Orlando-Kissimmee-Sanford 3 448,287 459,060 4 0
Palm Bay-Melbourne-Titusville 6,472 139,893 136,933 0 0
Palm Coast 0 62,521 9,070 0 0
Panama City-Lynn Haven-Panama City Beach 0 111,056 0 0 0
Pensacola-Ferry Pass-Brent 10,077 203,261 3,381 8,544 0
Port St. Lucie 234,597 30 57 0 0
Punta Gorda 0 1 205,616 0 0
Sebastian-Vero Beach 86,012 3,643 0 0 0
Tallahassee 3 52,943 0 0 109,726
Tampa-St. Petersburg-Clearwater 1 1,148,059 79,401 0 0

Source: CoreLogic 2017

Please click below to see Table 2: Total Properties in the High/Moderate Risk Level

KEYWORDS: hurricane damage restoration natural disasters storm damage restoration

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