The amount of potential damage can cost $1.5 trillion
Hurricane storm surges on the Atlantic and Gulf coasts could inundate more than 6.6 million homes, causing $1.5 trillion in damage, CoreLogic says. More than 3.8 million Atlantic Coast homes are at risk, and almost 2.8 million are vulnerable on the Gulf Coast.
"The number of hurricanes each year is less important than the location of where the next hurricane will come ashore," says Tom Jeffery, senior hazard risk scientist for CoreLogic. "It only takes one hurricane that pushes a storm surge into a major metropolitan area for the damage to tally in the billions of dollars.”