CoreLogic Analysis Shows Almost 2 Million Homes in Florida, South Carolina, North Carolina and Georgia at Risk of Storm Surge Damage from Hurricane Matthew
IRVINE, Calif., October 6, 2016 – CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data showing potential exposure to residential property damage from hurricane-driven storm surge flooding as Hurricane Matthew makes its way toward the U.S. Atlantic Coast.
Figure 1 shows the total number of properties at risk of storm surge damage for each of the five hurricane categories as well as the accompanying reconstruction cost value for these properties. Data is provided for individual categories at both the incremental and cumulative levels.
Figure 1: Total Number and Total Value of Residential Properties by State
| State | At-Risk Homes | Cat 1 | Cat 2 | Cat 3 | Cat 4 | Cat 5 |
|---|---|---|---|---|---|---|
| Florida | Homes at Risk by Cat Level | 124,764 | 234,211 | 303,501 | 291,918 | 307,913 |
| Total Homes at Risk | 124,764 | 358,975 | 662,476 | 954,394 | 1,262,307 | |
| RCV by Cat Level | $24,313,848,380 | $50,011,668,338 | $60,459,164,084 | $54,148,345,612 | $57,428,006,641 | |
| Total RCV | $24,313,848,380 | $74,325,516,718 | $134,784,680,802 | $188,933,026,414 | $246,361,033,055 | |
| South Carolina | Homes at Risk by Cat Level | 35,514 | 88,485 | 81,039 | 82,177 | 51,425 |
| Total Homes at Risk | 35,514 | 123,999 | 205,038 | 287,215 | 338,640 | |
| RCV by Cat Level | $10,119,452,942 | $22,371,712,736 | $17,892,600,081 | $17,224,909,503 | $10,050,257,900 | |
| Total RCV | $10,119,452,942 | $32,491,165,678 | $50,383,765,759 | $67,608,675,262 | $77,658,933,162 | |
| North Carolina | Homes at Risk by Cat Level | 30,785 | 58,829 | 62,456 | 46,086 | 46,556 |
| Total Homes at Risk | 30,785 | 89,614 | 152,070 | 198,156 | 244,712 | |
| RCV by Cat Level | $5,866,070,772 | $11,772,926,993 | $12,629,945,559 | $9,452,537,798 | $9,272,277,927 | |
| Total RCV | $5,866,070,772 | $17,638,997,765 | $30,268,943,324 | $39,721,481,122 | $48,993,759,049 | |
| Georgia | Homes at Risk by Cat Level | 9,290 | 41,003 | 53,398 | 34,272 | 10,755 |
| Total Homes at Risk | 9,290 | 50,293 | 103,691 | 137,963 | 148,718 | |
| RCV by Cat Level | $2,823,103,183 | $10,173,092,963 | $10,750,858,962 | $6,419,508,663 | $1,885,691,326 | |
| Total RCV | $2,823,103,183 | $12,996,196,146 | $23,747,055,108 | $30,166,563,771 | $32,052,255,097 |
Spotlight on Florida Metropolitan Areas
| Metro Area | At-Risk Homes | Cat 1 | Cat 2 | Cat 3 | Cat 4 | Cat 5 |
|---|---|---|---|---|---|---|
| Daytona Beach | Homes at Risk by Cat Level | 2,356 | 19,640 | 36,052 | 38,650 | 16,489 |
| Total Homes at Risk | 2,356 | 21,996 | 58,048 | 96,698 | 113,187 | |
| RCV by Cat Level | $582,387,240 | $4,305,154,040 | $7,046,566,209 | $7,508,912,517 | $3,787,267,882 | |
| Total RCV | $582,387,240 | $4,887,541,280 | $11,934,107,489 | $19,443,020,006 | $23,230,287,888 | |
| Melbourne | Homes at Risk by Cat Level | 10,623 | 23,337 | 20,673 | 14,212 | 12,880 |
| Total Homes at Risk | 10,623 | 33,960 | 54,633 | 68,845 | 81,725 | |
| RCV by Cat Level | $2,341,371,868 | $4,820,889,555 | $3,850,353,685 | $2,718,275,086 | $2,226,499,129 | |
| Total RCV | $2,341,371,868 | $7,162,261,423 | $11,012,615,108 | $13,730,890,194 | $15,957,389,323 | |
| Miami | Homes at Risk by Cat Level | 75,903 | 130,463 | 176,225 | 193,465 | 204,426 |
| Total Homes at Risk | 75,903 | 206,366 | 382,591 | 576,056 | 780,482 | |
| RCV by Cat Level | $12,712,225,634 | $26,061,611,835 | $35,007,645,170 | $34,199,818,548 | $35,968,082,235 | |
| Total RCV | $12,712,225,634 | $38,773,837,469 | $73,781,482,639 | $107,981,301,187 | $143,949,383,422 | |
| Jacksonville | Homes at Risk by Cat Level | 8,700 | 26,729 | 50,992 | 31,976 | 48,312 |
| Total Homes at Risk | 8,700 | 35,429 | 86,421 | 118,397 | 166,709 | |
| RCV by Cat Level | $2,053,444,850 | $7,262,311,370 | $10,024,144,325 | $6,471,760,420 | $9,995,370,690 | |
| Total RCV | $2,053,444,850 | $9,315,756,220 | $19,339,900,545 | $25,811,660,965 | $35,807,031,655 |
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