Skip to main content

CoreLogic: Hurricane Barry Created Up to $900 Million in Losses

Phil Hall
Jul 19, 2019
Photo credit: Getty Images/Erin Donalson

Hurricane Barry may not have been as severe as many feared, but that’s not to say it had no impact.
 
A new analysis by CoreLogic determined that losses could a total of up to $900 million from flood and wind damage.
 
CoreLogic reported insured flood loss from private insurers is estimated at less than $100 million while wind losses are estimated to be between $300 million to $500 million. Insured residential and commercial flood loss covered by the National Flood Insurance Program (NFIP) is estimated to be between $100 million and $200 million and uninsured flood loss is estimated to be approximately $100 million.
 
Approximately 500,000 total residential and commercial property policies are in force in Louisiana through the NFIP, while less than 20 percent of residential flood loss is uninsured.  CoreLogic’s analysis included residential homes and commercial properties, including contents and business interruption, but it did not cover broader economic loss from the storm.

 
Published
Jul 19, 2019
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021