MIAMI (Reuters) - With another Atlantic hurricane season just two months away, a new report on Monday highlighted the risk of flooding and storm surge to homeowners in many U.S. coastal regions.
Residential properties in the Miami area alone, considered a prime target, could sustain more than $50 billion in flood damage in a future mega-storm, according to the report issued by First American Corp, a company heavily involved in the U.S. insurance industry.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!