Monday, August 30, 2021

CoreLogic: As Much As $220 Billion In Damages Possible From Ida

Irvine-based property information provider CoreLogic said this morning that it estimates that 941,392 homes are threatened by severe wind, storm surge, and extended heavy rainfall damage due to Hurricane Ida, which made landfall yesterday in Louisiana, with as much as $220 billion in damages possible. The company said it calculated the combined reconstruction cost value (RCV) of $220.37 billion based on the homes in Louisiana, Alabama, and Mississippi within the impact zone of the storm. Currently, according to local energy provider Entergy, most of Southeast Louisiana is without power, including the entire New Orleans metropolitan area.

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