Storm Front Coming
Hurricane season is upon us, and that means Arthur and his ilk. The 2014 CoreLogic Storm Surge Report, which was released today, has quantified the risk to South Florida properties, and it turns out that metro Miami-Dade is once again No. 2 in the country, topped only by greater New York (Tampa, Virginia Beach, NC, and New Orleans rounded out the top five.) Roughly 562,000 Miami-Dade properties are potentially affected by all categories of hurricanes, with a total structural value of $103B, give or take a few mil.