Hurricane Matthew damage could reach $6 billion
Property data firm CoreLogic projects that Hurricane Matthew's grind across the Southeast will end up costing between $4 billion and $6 billion in insured losses on residential and commercial properties.
The firm's estimate covers storm surge and wind damage, which it anticipates will account for 90 percent of insurance claims related to the storm. CoreLogic's estimate doesn't include insured property losses related to additional flooding, business interruption or other factors.
The firm also projects that the hurricane will end up damaging roughly 1.5 million residential and commercial properties in Florida, Georgia and South Carolina.
