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Wednesday, June 13, 2012

Hurricane storm surge imperils 4 million homes

A survey of the USA's vulnerability to hurricane-driven storm-surge damage found that more than four million homes worth over $700 billion are at risk along the Atlantic and Gulf Coasts.

Storm surge — the massive mound of water that builds up and comes ashore as a hurricane moves over the ocean or Gulf of Mexico— is typically the most dangerous aspect of hurricanes.

The report, released this morning by research and consulting firm CoreLogic of Santa Ana, Calif., found that Florida is the state most prone to storm-surge damage, with about 1.4 million homes at risk, worth a total value of $188 billion.

Louisiana ranks second in total number properties at risk with nearly 500,000, while New York is second in total value of coastal properties possibly exposed at $111 billion.

At the city level, the New York City metro area contains both the highest number of vulnerable properties and the highest exposure in total property value at risk .

"The summer of 2011 gave us some startling insight into the damage that even a weak storm can cause in the New York City metro area," said Howard Botts of CoreLogic. "Hurricane Irene was downgraded to a tropical storm as it passed through New Jersey and New York City, but the impact of the storm was still estimated at as much as $6 billion."

The Atlantic hurricane season began last week and lasts until Nov. 30.


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