Natural disasters caused $11 billion real estate damage in 2018

According to CoreLogic’s Natural Hazard Report there were 11 major natural disasters – floods, hurricanes, and wildfires in the United States in 2018 causing more than $11 billion in commercial and residential real estate losses.

Hurricane Florence caused widespread flood damage in North Carolina, South Carolina, and Virginia with 85 percent of the losses not covered by insurance policies.

Wildfires burned the eighth highest number of acres in U.S. history. Eleven states (all in the West) had a least one wildfire that burned more than 50,000 acres with California and Oregon suffering the most.

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