Welcome, Guest! - or
Easy to remember!  »  VinNews.com

Houston - Analysts: Harvey Residential Insured And Uninsured Flood Loss $25-$37 Billion

Published on: September 1, 2017 09:00 AM
By: Reuters 
Change text size Text Size  
Zamir Navarro is hugged by her neighbor after returning to her home in Harvey floodwaters in north western Houston, Texas, U.S., August 31, 2017. REUTERS/Rick WilkingZamir Navarro is hugged by her neighbor after returning to her home in Harvey floodwaters in north western Houston, Texas, U.S., August 31, 2017. REUTERS/Rick Wilking

Houston - Analytics firm Corelogic <CLGX.N> estimates total residential insured and uninsured flood loss from Hurricane Harvey of between $25 billion and $37 billion, it said on Friday.

Advertisement:

Of that, around $6.5-$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 percent of flood damage from Harvey is not covered by any insurance.

An additional $1-$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 $1.5-3 billion, but this estimate did not include flood losses.



More of today's headlines

Washington - U.S. job growth slowed in August as employers added 156,000 jobs, still enough to suggest that most businesses remain confident in an economy now in its... Paris - The French satirical Magazine Charlie Hebdo depicted the victims of Texas' Hurricane Harvey as neo-Nazis on the cover of their weekly magazine on Tuesday, with...

 

Total0

Read Comments (0)  —  Post Yours »

1

Sign-in to post a comment

Click here to sign-in.

Scroll Up
Advertisements:
Sell your scrap gold and broken jewelry and earn hard cash sell gold today!