Revealed – estimated storm surge and wind loss from Hurricane Helene

CoreLogic has released preliminary estimates of wind and storm damage from Hurricane Helene to residential and commercial areas in Florida and Georgia.

According to CoreLogic's preliminary analysis, insured losses from wind and storm surge could be between $3 billion and $5 billion. The estimate does not account for inland flooding from rainfall, which will be included in the updated assessment after the storm passes.

Current loss estimates include damage to buildings, contents, and business interruption affecting residential, commercial, industrial, and agricultural areas. This figure does not include losses covered by the National Flood Insurance Program and damage to coastal properties.

Tom Larsen (pictured), CoreLogic's vice president of risk management, commented: “Hurricane Helene made landfall near Perry, Florida, an area with less stringent building standards than south Florida, which is prone to major hurricanes that topple entire couples. of years.

Larsen went on to explain the extent of the damage: “We expect that the damaging effects of Helene will be deep inland and the greatest losses concentrated in the state of Georgia. We can look at Hurricanes Francis and Jeanne (Florida, 2004) and Superstorm Sandy (New York, 2012) as examples.”

He emphasized how the storms mentioned above affected many residents with strong storms and strong storms, which caused a lot of damage.

Helene, the eighth named 2024 2024 Atlantic Hurricane, made landfall as a Category 4 hurricane Thursday night in Florida's Big Bend region. It is now the strongest hurricane ever to hit the area, with wind speeds of up to 140 mph and storm surges as high as 20 feet.

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