New York Tops U.S. Hurricane Exposure Risk with $1.93T in Potential Reconstruction Costs

Event summary

  • 3.27 million New York homes face moderate or greater hurricane wind risk, with $1.93 trillion in reconstruction cost value (RCV).
  • Nationwide, 32.2 million U.S. homes are at risk, representing $12.26 trillion in RCV.
  • New York leads in storm surge exposure with 631,000 homes at risk and $329 billion in RCV.
  • Florida and Texas remain the largest at-risk states for hurricane wind exposure.
  • 927,000 U.S. homes face high hurricane-related flood risk outside federally mandated flood insurance zones.

The big picture

Cotality's report highlights the growing financial stakes of hurricane risk beyond traditional coastal zones, driven by population density and high property values. The findings underscore the need for more granular risk assessment and proactive mitigation, as a single event in densely populated areas like New York could result in historic financial losses. This shift in risk perception may reshape insurance markets and urban planning strategies nationwide.

What we're watching

Insurance Preparedness
How insurers will adjust premiums and coverage in high-risk zones like New York and Florida.
Regulatory Response
Whether federal flood insurance mandates will expand to cover hidden flood risk areas.
Mitigation Investments
The pace at which homeowners and municipalities will invest in structural elevation and other mitigation measures.

Related topics

Insurance