BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Harvey residential flood damage up to $37 billion: Corelogic

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.






Read Next

  • Struggling NFIP staggers under Harvey

    Tropical Storm Harvey is going to drive the National Flood Insurance Program even deeper into debt — but how much further is yet to be determined, according to experts.