6 Oct 2016 – Newsmax
The dreadfully awaited Hurricane Mathew is expected to inflict a great deal of damage to the homes situated on the coastline, however, the estimated $200bn figure could very-well change to a higher one if the storm changes the path or it goes up in intensity.
At least 954,000 people are at risk of major storm surge damage, according to CoreLogic. Those homes have a reconstruction value of just more than $189 billion. Add Georgia and South Carolina to the mix, and it rises to more than $200 billion, CNBC reported.
The CoreLogic analysis measures damage just from water. It does not assess additional damage from wind, which will be sustained in some areas at 125 mph.
Gaining fury as it closed in, Hurricane Matthew steamed toward Florida with winds of 140 mph Thursday as 2 million people across the Southeast were warned to board up their homes and flee inland to escape the most powerful storm to threaten the Atlantic coast in more than a decade, the Associated Press reported.
The storm has already killed people. We should expect the same impact in Florida,” Florida Gov. Rick Scott said as the skies began darkening from Matthew’s outer bands of rain.
The last Category 3 storm or higher to hit the U.S. was Wilma in October 2005. It sliced across Florida with 120 mph winds, killing five people and causing an estimated $21 billion in damage.