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CoreLogic: 2017’s Natural Hazards and Destruction Wrought
CoreLogic’s annual Natural Hazard Risk Summary and Analysis shows relatively average activity for most U.S. natural hazards, with the exception of wildfires in California and flooding as a result of Hurricanes Harvey and Irma. Highlights from the report include:
• The total number of acres burned in wildfires (9,791,062 acres) in 2017 is the third highest in U.S. history, preceded by 2015 (10,125,149 acres) and 2006 (9,873,745 acres)
• The 10 most destructive wildfires in 2017, in terms of structures destroyed, were in California, and included The Tubbs Fire in Northern California, which burned 36,807 acres and 5,643 structures
• Flooding from Hurricanes Harvey and Irma resulted in an estimated $69 billion to $105 billion in residential and commercial damage
• Flood damage in Texas from Hurricane Harvey is estimated at $40 billion to $59 billion, of which $15 billion to $22 billion is commercial damage
• The number of tornadoes in 2017 was above average with 1,522 recorded tornadoes, making it the third most active year since 2005
• Hurricane activity in the Atlantic was higher than average in 2017 with 17 named storms, 10 hurricanes and six major hurricanes, which are identified as Category 3 or greater
For comments, questions or concerns, please contact Dennis Kaiser
