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

May 7, 2011

By Toluse Olorunnipa, The Miami Herald

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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.

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Copyright (c) 2011, The Miami Herald

Distributed by McClatchy-Tribune Information Services.

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

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