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Major Hurricane Damage Could Reach $44B in So. Fla.

May 7, 2011

By Toluse Olorunnipa, The Miami Herald


If a major hurricane and storm surge strike South Florida, damages to homes and condos could reach $44 billion, according to a report released this week by real estate research firm CoreLogic.

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.


Copyright (c) 2011, The Miami Herald

Distributed by McClatchy-Tribune Information Services.


Story image: Damage left by Hurricane Andrew in South Florida, August 1992. Courtesy Bob Epstein and FEMA

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