A new analysis finds $170.2 billion worth of property at risk from "monster" Hurricane Florence
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More than 758,000 homes are at risk of potential storm-surge damage from Hurricane Florence, expected to make landfall Friday.
A new analysis from CoreLogic found that 758,657 homes in North Carolina, South Carolina and Virginia were at risk from the Category 4 storm. The homes represent a potential reconstruction cost value (RCV) of about $170.2 billion.
“Hurricane-driven storm surge can cause significant property damage when high winds and low pressure cause water to amass inside the storm, releasing a powerful rush over land when the hurricane moves onshore,” CoreLogic said in a news release.
Florence, barreling toward the Carolinas with 140mph winds, has prompted massive evacuations in Virginia and the Carolinas, with more than 1 million people facing mandatory evacuation orders, according to The Los Angeles Times.
“This storm is a monster. It’s big and it’s vicious,” North Carolina Gov. Roy Cooper said during a Tuesday media briefing. “The waves and the wind this storm may bring is like nothing you’ve ever seen. Even if you’ve ridden out other storms before, this one is different. Don’t bet your life on riding out a monster.”
“This is not going to be a glancing blow,” Jeff Byard, an administrator with the Federal Emergency Management Agency. “This is going to be a Mike Tyson punch to the Carolina coast.”
