As Recovery Begins, Industry Tallies Irma’s Mounting Costs
“With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by CoreLogic.
Residential property flood loss is estimated at up to $38 billion, CoreLogic reported, noting that includes storm surge, inland and flash flooding in five states – Florida, Alabama, Georgia, North Carolina and South Carolina.
About 80 percent of the flood damage is uninsured, the company said.
Reported insured flood loss for commercial properties could top out at $8 billion.”
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