Hurricane Irene - Media Advisory: Potential Damage to Mid-Atlantic & Northeast Regions

Media Contacts

Alyson Austin
Corporate Communications
CoreLogic
(949) 214-1414
newsmedia@corelogic.com

Lori Guyton
Public Relations
Crosby-Volmer International Communications
(901) 277-6066
Email Media Contact

August 27, 2011, Santa Ana, Calif. –

CoreLogic® Analysis Shows Billions in Potential Exposure to Residential Property Damage in Virginia Beach, Philadelphia, Washington, D.C. and Atlantic City from Hurricane Irene Storm Surge

CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released data showing potential exposure to residential property damage from Hurricane Irene storm surge flooding for Virginia Beach, Philadelphia, Washington, D.C., Providence, Boston and Atlantic City.  An advisory for New York City and Long Island was issued earlier today and data for all these cities is included below.  Hurricane-driven storm-surge flooding can cause significant property damage when high winds and low pressure causes water to amass inside the storm releasing a powerful rush over land when the hurricane moves on shore.

Virginia Beach Residential Exposure by Storm Category

Storm Surge Risk Level

Total Properties Affected

Total Residential Structure Value

Category 1

59,168

$9,923,690,733

Category 2

144,340

$22,474,221,762

Category 3

212,143

$32,508,608,705

Atlantic City Residential Exposure by Storm Category

Storm Surge Risk Level

Total Properties Affected

Total Residential Structure Value

Category 1

20,291

$4,809,752,976

Category 2

26,987

$6,246,216,252

Category 3

31,551

$7,315,122,543

Philadelphia Residential Exposure by Storm Category

Storm Surge Risk Level

Total Properties Affected

Total Residential Structure Value

Category 1

10,083

$1,713,415,950

Category 2

56,698

$8,441,226,196

Category 3

84,200

$13,478,265,504

Washington, D.C. Residential Exposure by Storm Category

Storm Surge Risk Level

Total Properties Affected

Total Residential Structure Value

Category 1

2,536

$458,766,256

Category 2

3,664

$776,151,704

Category 3

5,034

$1,166,522,618

Boston Residential Exposure by Storm Category

Storm Surge Risk Level

Total Properties Affected

Total Residential Structure Value

Category 1

10,423

$2,941,850,372

Category 2

31,671

$9,856,530,618

Category 3

55,209

$17,644,966,937

Providence Residential Exposure by Storm Category

Storm Surge Risk Level

Total Properties Affected

Total Residential Structure Value

Category 1

6,887

$1,801,229,455

Category 2

13,995

$3,648,126,366

Category 3

22,410

$5,826,061,743

New York City Residential Exposure by Storm Category

Storm Surge Risk Level

Total Properties Affected

Total Residential Structure Value

Category 1

7,188

$2,891,458,648

Category 2

14,752

$6,044,306,051

Category 3

22,866

$9,164,705,424

Long Island Residential Exposure by Storm Category

Storm Surge Risk Level

Total Properties Affected

Total Residential Structure Value

Category 1

73,673

$32,172,176,579

Category 2

130,029

$53,391,342,005

Category 3

197,375

$79,049,198,222

 

In a report issued Thursday, CoreLogic provided an estimate of the total number of both residential and commercial properties at risk in 12 major metro areas within the projected cone of concern for Irene. The data and accompanying maps are available at http://www.corelogic.com/about-us/news/hurricane-irene-media-advisory.aspx.

For interview requests with CoreLogic subject-matter experts, contact Lori Guyton at 901-277-6066 or lguyton@cvic.com.

Methodology
CoreLogic generates storm surge data using the company’s comprehensive parcel database of property-level data. After identifying a region’s vulnerability to storm surge given on-shore and off-shore geographic attributes and population density, CoreLogic identifies all residential properties within a predicted storm surge area and analyzes it against the associated property value of each home.

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and gMore than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The company, headquartered in Santa Ana, Calif., has more than 6,500 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.

CoreLogic is a registered trademark of CoreLogic.