Tropical Storm Barry Flash Flood Potential Threatens 339,480 Homes, According to CoreLogic Analysis
—12 of 18 Metro and Micropolitan Areas At Risk of Flash Flooding—
IRVINE, Calif. — (BUSINESS WIRE) — July 12, 2019 — CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data analysis showing 339,480 homes in Louisiana are at moderate-to-extreme risk of tropical storm-driven flash flood damage from Tropical Storm Barry. Within the likely impacted metropolitan and micropolitan areas of Louisiana, 32.6% of homes are located within a Special Flood Hazard Area (SFHA). Homeowners are required to purchase flood insurance in these designated areas when their mortgages are backed by the federal government. CoreLogic hydrological analysis of flash flood risk in the likely impacted areas estimates that 26% of the homes have moderate-to-extreme flash flood risk.
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Total Number of Residential Properties at Risk of Flash Flooding From Tropical Storm Barry; CoreLogic 2019
In this analysis, CoreLogic data includes only single-family residential properties likely to be impacted by a lower category storm. Based on the National Oceanic and Atmospheric Administration’s (NOAA) forecast, Tropical Storm Barry is expected to make landfall sometime Saturday as...