Hurricane Michael caused as much as $5 billion in insured property damage, CoreLogic says

Residential and commercial properties in Florida sustained between $3 billion and $5 billion in damage, including from storm surge and wind, according to an estimate out late Friday from real estate data provider CoreLogic. “At this time, it is unlikely that inland flooding will be a major contributor to loss totals, but CoreLogic will continue to evaluate this as the storm unfolds,” the company said. Approximately 192,000 residential properties, mostly in Florida but a few in Georgia, were affected by the storm, CoreLogic said.