CoreLogic News

2018 California Wildfires – An Actuarial Review

This post is part of a series sponsored by CoreLogic. 2018 was another catastrophic year for wildfires across the United States. Nearly 9 million acres burned, and many lives, homes and businesses were lost. California alone had over 1.8 million …

Corelogic Integrates 3D Property Measurement into Underwriting Platform

CoreLogic, a global property analytics provider, has integrated HOVER property measurement and 3D technology into the CoreLogic UnderwritingCenter platform for insurance clients. The integration of HOVER provides carriers a way to manage inspection expenditures while allowing policyholders to digitally participate …

Factors that Contribute to Prolonged Recovery after California Wildfires

This post is part of a series sponsored by CoreLogic. As strong winds further exasperate the prime weather conditions for wildfires in California, efforts to save lives and property are a foremost priority of emergency responders and state officials. To …

Kincade, Tick and Getty Fires Currently Threaten Nearly 1,000 Homes with a Reconstruction Cost Value of $535M

This post is part of a series sponsored by CoreLogic. As of October 29, there were at least 18 fires burning in California, ranging in size from a few acres to more than 74,000 acres as in the case of …

Another $550M in Properties at Immediate Risk in 3 California Blazes, Report Shows

A catastrophe modeler released figures on Wednesday showing how costly ongoing California blazes could potentially be as blustery winds make for increasingly dangerous fire risk up and down the state. Damages from the fires burning across California stand at $25.4 …

Report: $221B in Western U.S. Homes at Extreme Risk of Wildfire Damage

Nearly 776,000 homes with a reconstruction cost value of more than $221 billion are at extreme risk of wildfire damage, a new report out Thursday shows. The 2019 CoreLogic Wildfire Risk Report examines single-family and multifamily residential properties at risk …

CoreLogic: More Than 600K Homes in Carolinas Could Be At Risk from Dorian

The wrath of Hurricane Dorian isn’t over yet and many more communities in its path are at risk and are bracing for the storm after it demolished the Bahamas earlier this week. The extremely slow-moving hurricane is finally reaching the …

Ridgecrest Earthquakes Shake Up Californians, but How Bad Could it Be?

This post is part of a series sponsored by CoreLogic. Earthquake risk in California is no secret. For years scientists have been warning the state is overdue for a large damaging event. Nearly 30 years ago, the 1989 Loma Prieta …

Florida Gets Ready for Peak Hurricane Season After 3 Years of Major Storms

Floridians are on alert as the state heads into peak hurricane season after three straight years of being impacted by major storms. Meanwhile, the Florida Panhandle continues its recovery from Hurricane Michael that devastated the region as a Category 5 …

Karen Clark & Co. Estimates $300M in Non-NFIP Insured Losses from Barry

Catastrophe modeling firm, Karen Clark & Company (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $300 million. That figure does not include National Flood Insurance Program (NFIP) losses. KCC based the estimate on its high …