News
Wind And Flooding Behind 2016’s $17B Property Damage Price Tag
January 30, 2017
Hurricane Matthew and other unusual wind and flooding activity caused $17B in property damage last year.
That is according to CoreLogic’s annual Natural Hazard Risk Summary and Analysis, which said losses from flooding in 2016 were six times higher than a year before, Construction Dive reports. Instances of land areas being hit by winds of more than 80 mph were three times higher than in 2015, and Hurricane Matthew alone caused $6B worth of damages and impacted about 1.5 million properties.
In its analysis of other hazardous weather activity, including earthquakes, wildfires and winter storms, the report said the U.S. experienced average to below-average levels. [CD]
