$13bn of property in Hurricane Michael path

Hurricane Michael currently has 57,000 homes worth $13.4bn in its path according to CoreLogic’s early analysis. CoreLogic’s estimate only includes storm surge damage, meaning that the actual value of homes that could be impacted by Michael would be higher due to precipitation based flooding or wind damage. The firm’s estimate represents the worst possible case scenario where 100% of at-risk properties are destroyed. Michael is currently a category 2 hurricane with maximum sustained wind speeds of 100 mph and is expected to make landfall as a major category 3 storm, with wind speeds of at least 111 mph.

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