Filed Under:Risk Management, Loss Control

Four Million U.S. Residences at Risk to Storm Surge

More than four million U.S. residences along the Atlantic and Gulf Coasts are at risk of hurricane-driven storm-surge damage, totaling $710 billion in property exposure, says the 2012 CoreLogic Storm Surge Report.

Meanwhile, research by Princeton University and Massachusetts Institute of Technology (MIT) has reported that due to climate change-related sea level rise, “100 year floods” or those rising 5.7 feet above tide level, may occur every  three to 20 years. Floods reaching more than nine feet deep, now occurring every five centuries, could occur every 25 to 250 years.

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