A recent Risk Perspective blog from Swiss Re’s Mohit Pande has outlined the hurricane risks that the industry and economy currently face.
According to CoreLogic, nearly 33 million homes on or near the Atlantic and Gulf coasts are at risk of hurricane-force wind damage, the estimated cost to replace them is $10.5 trillion.
The impact of secondary perils like flooding continues to grow as well, says Pande, as it would cost more than $2.3 trillion to replace the estimated 7.8 million homes that are vulnerable to storm surges.
FULL ORIGINAL PUBLICATION HERE
