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The home of Charlie and Janice Long in Rockledge, Fla., was a destroyed by a fire in the early-morning hours as Hurricane Matthew lashed Brevard County.The couple lost their possessions, vehicle, and their four cats are missing.In hurricanes dating to 1989, about two-thirds of economic losses can be traced to property damage while a third is due to lost economic output, Zandi says.In Florida, Georgia and South Carolina, nearly 1.4 million residential properties with a reconstruction value of 7 billion were at risk from the storm, according to real estate research firm Core Logic.More hurricane coverage: • Matthew batters Florida coast • 2.5 million expected to lose power • Here's a look at storm surge happen • Take these insurance precautions now • Drudge takes heat for implying the hurricane is a government lie • Death toll rises in Haiti • A link to full coverage of Hurricane Matthew Zandi estimates that total economic losses could be in the tens of billions of dollars and even rival the nearly billion in damage wrought by Hurricane Sandy.Chuck Watson, a disaster modeler with Enki Research, offered a more conservative appraisal, projecting about billion in storm damage.
Elton Mertulen loads water bottles into the trunk of a car for a customer at the Aquapure water company in Nassau, Bahamas, on Oct. Nassau residents spent the day stocking up on essentials as Hurricane Matthew is expected to impact all the islands of the Bahamas in the coming days on its way towards the Florida coastline.The couple are evacuating to Arcadia, Fla in preparation for Hurricane Matthew.A woman with her child walks off Neptune Beach as heavy clouds gather ahead of Hurricane Matthew in Jacksonville, Fla., on Oct. Some 1.5 million people are under evacuation orders in Florida in preparation for mighty Hurricane Matthew to make a direct hit on the state. Hurricane Matthew is expected to affect the South Carolina coast by the weekend. Nikki Haley announced Tuesday that, unless the track of the storm changes, the state will issue an evacuation order to help get 1 million people inland from the coast.Lailoni Kent, 8, of Lake Worth, screams when the pull of the wave was stronger than she thought while playing on the beach and getting photos with her family on Lantana Beach while Hurricane Matthew created big waves in Lantana, Fla., Oct. Austin Dukes, who has lived in Jacksonville Beach, Fla.on and off for 25 years, looks out from his front porch where he is one of the few residents who has decided to stay for now, watching the weather to see if it gets bad enough to warrant evacuating ahead of Hurricane Mathew.