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Harvey residential flood damage up to $37 billion: Corelogic


(Reuters) — Catastrophe analytics firm Corelogic estimates total residential insured and uninsured flood loss from Hurricane Harvey of between $25 billion and $37 billion, it said late Thursday.

Of that, around $6.5 billion to $9.5 billion is estimated to be insured flood loss for homes in the affected areas in Texas and Louisiana.

Corelogic said an estimated 70% of flood damage from Harvey is not covered by any insurance.

An additional $1 billion to $2 billion in insured losses is attributed to damage from wind.

Corelogic had on Wednesday raised its estimate for insured property losses for wind and storm surge to $1.5 to $3 billion, but this estimate did not include flood losses.