25 NYC Area Zip Codes Most at Risk for Costly Property Damage
National Hurricane Centers latest advisory indicates Hurricane Sandy will strike close to midnight; CoreLogic lists the 25 NYC area zip codes at risk of the most property damage.
Insurance Networking News, October 29, 2012
Although the National Hurricane Center’s latest advisory indicates that Sandy’s sustained winds have achieved 90 mph, some weakening is likely to occur before landfall tonight, and Sandy is expected to arrive on the south Jersey shore with winds of about 75 mph, according to catastrophe modeling firm AIR Worldwide.
The impacts of tropical storm force winds have already been felt on the East Coast, AIR reports. "Later today, wind and surge will become more significant from Long Island Sound to Chesapeake Bay, with some of the strongest impacts being felt this evening, prior to the actual storm landfall," said Dr. Tim Doggett, principal scientist at AIR Worldwide. "One caveat regarding the interpretation of the NHC track maps is that as Hurricane Sandy gets closer to landfall, the extent of the cone is decreasing. This reflects the increased forecast certainty in the track and is not an indication of the extent of damaging winds. For example, while New York City is not actually in the NHC cone any more, that does not mean they will not be impacted strongly by this event."
The NHC track forecast is still largely unchanged, and the intensity forecast is still calling for Hurricane Sandy to have hurricane force wind speeds as it makes landfall close to midnight tonight, AIR says. The highest wind speeds will most likely be experienced along coastal exposures, where winds have less interaction with land and thus experience less surface friction.
Based on the projected path of Hurricane Sandy as of 12:30 p.m. ET today, CoreLogic released data showing the 25 zip codes in New York City-Northern New Jersey-Long Island that are at risk of exposure to the highest residential property damage. The CoreLogic analysis measures damage from storm surge and does not include potential damage from wind and rain associated with hurricanes:
11758 - MASSAPEQUA, N.Y. $4,600,148,487
11795 - WEST ISLIP, N.Y. $2,002,034,875
11706 - BAY SHORE, N.Y. $1,714,557,225
11561 - LONG BEACH, N.Y. $1,689,595,193
08742 - POINT PLEASANT BEACH, N.J. $1,424,578,400
11414 - HOWARD BEACH, N.Y. $1,331,466,041
11901 - RIVERHEAD, N.Y. $1,268,159,500
11769 - OAKDALE, N.Y. $1,137,802,500
11572 - OCEANSIDE, N.Y. $1,116,920,356
11694 - ROCKAWAY PARK, N.Y. $1,046,816,057
11566 - MERRICK, N.Y. $999,509,573
11581 - VALLEY STREAM, N.Y. $969,197,577
10306 - STATEN ISLAND, N.Y. $901,253,987
08753 - TOMS RIVER, N.J. $877,547,600
11234 - BROOKLYN, N.Y. $857,962,434
11235 - BROOKLYN, N.Y. $806,820,369
08050 - MANAHAWKIN, N.J. $770,655,000
07302 - JERSEY CITY, N.J. $765,883,996
11598 - WOODMERE, N.Y. $691,886,827
08723 - BRICK, N.J. $667,948,200
11520 - FREEPORT, N.Y. $664,254,512
11757 - LINDENHURST, N.Y. $649,684,250
08731 - FORKED RIVER, N.J. $640,560,800
11978 - WESTHAMPTON BEACH, N.Y. $608,256,870
11510 - BALDWIN, N.Y. $585,604,805
For more information on related topics, visit the following channels:
Add Your Comments...
If you have already registered to Insurance Networking News, please use the form below to login. When completed you will immeditely be directed to post a comment.
You must be registered to post a comment. Click here to register.