“Although it is not discussed in the CoreLogic report, sea level rise from global warming and land elevation changes is already making it easier for damaging storm surge flooding to take place, even during weaker hurricanes.“
The true part of the statement is that “sea level rise from global warming” is not mentioned.
A new analysis highlights the enormous exposure the U.S. has to storm surge-related impacts, which is one of the most significant hazards posed by a land-falling hurricane. The report from CoreLogic, a private company that provides financial and property information for risk management, shows that for the country as a whole, more than 4 million residential structures are at risk from storm surge flooding in a worst-case scenario storm, with a total estimated price tag of $710 billion. The report ranks New York City and Long Island as the most at-risk metropolitan area, where a Category 4 storm could inflict damage to residential homes of up to $168 billion.
“Even a Category 1 hurricane or low-level tropical storm can wreak billions of dollars of destruction on cities and states many might have previously assumed to be safe from the strong winds and floods of hurricane events,” the report said. “Millions of homes are in fact at risk, from Maine to the southernmost tip of Florida, facing hundreds of billions of dollars in residential property damage.”