More than 40 Million US Properties at Risk of Weather-related Damage: CoreLogic

Originally published on June 22, 2022 by Robin Wachner for CoreLogic.

IRVINE, Calif., June 22, 2022—CoreLogic®, leading global property information, analytics, and data-enabled solutions provider, today released its 2022 Hurricane Report, which analyzes hurricane and storm surge and wind risk exposure for single-family residences (SFRs) and multifamily residences (MFRs) along the U.S. Gulf and Atlantic Coasts.

CoreLogic risk modeling data shows that nearly 7.8 million homes with more than $2.3 trillion in combined reconstruction cost value (RCV) are at risk of hurricane-related damages. The report also revealed nearly 33 million homes with nearly $10.5 trillion in combined RCV are at risk of hurricane-force wind damages. The National Oceanic Atmospheric Association (NOAA) forecasts an above-normal 2022 hurricane season with as many as 21 named storms and up to 10 hurricanes, three to six of which could be major hurricanes.

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