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CoreLogic: Property Damage from Isaac Could Cost $27.7B

""CoreLogic"":http://www.corelogic.com/ found nearly 210,000 residential properties are at risk for storm-surge flooding from Hurricane Isaac.

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CoreLogic looked at seven major metro areas along the Gulf Coast that could be at risk and found the at-risk properties are valued at more than $27.7 billion.

As of late Tuesday morning, the National Hurricane Center ""categorized Isaac"":http://www.nhc.noaa.gov/text/refresh/MIATCUAT4+shtml/281618.shtml as a hurricane rather than a tropical storm.

CoreLogic explained its analysis only measures damage from storm surge and not potential damage from wind and rain associated with hurricanes.

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*Potential Exposure to Damage*

New Orleans
Number of properties: 195,834 Value:$26,299,658,621

Baton Rouge
Number of properties: 2,625
Value: $24,372,620

Biloxi-Gulfport
Number of properties: 3,978
Value: $388,110,797

Mobile
Number of properties: 1,702
Value: $172,827,000

Pensacola-Ferry Pass-Brent
Number of properties: 3,964
Value: $618,871,098

Tallahassee
Number of properties: 1,656
Value: $158,751,464

_(Source: CoreLogic)_

About Author: Esther Cho

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