Increased hurricane damages likely in 2022
Increased hurricane damages likely in 2022
Abstract
Nearly 7.8 million homes with more than $2.3 trillion in estimated combined reconstruction cost value are at risk of hurricane-related damages. For 2021, CoreLogic had forecasted almost 8 million homes at risk, with as much as $1.9 trillion of RCV. In fact, 2021 ended with 21 named storms, the third most active on record, with actual damages of $80 billion. That includes Hurricane Ida. The National Oceanic and Atmospheric Administration predicts a 25% chance of a near-normal season.
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