David Smith, Senior Director Model Development at CoreLogic, spoke with GISCafe Voice about CoreLogic’s recent announcement of residential and commercial flood and wind loss estimates for Hurricane Barry before the event occurred. According to this data analysis from the company, flood loss for residential and commercial properties in Louisiana is estimated to be between $200 million and $400 million which includes both storm surge and inland flooding. Insured flood loss from private insurers is estimated at less than $100 million. Wind losses are estimated to be an additional $300 million to $500 million. In total, insured flood and wind losses, excluding National Flood Insurance Program (NFIP) losses, are between $300 million and $600 million.
CoreLogic® is a leading global property information, analytics and data-enabled solutions provider. This information is directly drawn from company materials: