Major Hurricane Damage Could Reach $44B in So. Fla.
May 7, 2011
By Toluse Olorunnipa, The Miami Herald
That total--which reflects damage to some 247,000 properties--is second only to Long Island, NY, which is vulnerable to $99 billion in property damage.
CoreLogic`s report focused on the impact of a "storm surge," which brings a rush of water ashore when a hurricane lands.
Even a Category 1 storm could bring a significant storm surge in South Florida, causing as much as $15.8 billion in damage to 50,000 homes.
The areas most vulnerable to damage, according to the report, are Pinecrest, Palmetto Bay, Jupiter, Palm Beach and Palm Beach Gardens.
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