Harvey, Irma floods cause up to $105bn in damages

Flooding from hurricanes Harvey and Irma resulted in an estimated $69 billion to $105 billion in residential and commercial damage, according to data provider CoreLogic.

Flood damage in Texas from Hurricane Harvey is estimated at $40 billion to $59 billion, of which $25 billion to $37 billion is residential damage and $15 billion to $22 billion is commercial damage.

Approximately 75 percent of the flood damage to residential properties from hurricane Harvey was uninsured.

Flood damage in Florida, Alabama, Georgia, North Carolina and South Carolina from Hurricane Irma is estimated at $29 billion to $46 billion, of which $25 billion to $38 billion is residential damage and $4 billion to $8 billion is commercial damage.

Approximately 80 percent of the flood damage to residential properties from hurricane Irma was uninsured.

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