Report: Hurricane Michael Could Cause $13.4 Billion in Damage

IRVINE, Calif. — Research firm CoreLogic released a data analysis report late Monday indicating Hurricane Michael is putting 57,002 homes at risk in the Florida Gulf Coast — and has the potential to cause about $13.4 billion in damage.

The firm said the figure is based on projected storm surge damage from Hurricane Michael now expected to be a Category 3 storm at landfall. The storm continues to gain momentum and was upgraded to a Category 2 hurricane this morning, with reports indicating more than 300 miles of the Gulf Coast could feel the wrath. The storm is expected to make landfall Tuesday evening.