CoreLogic News

650,000 Residential Properties Hit by Severe Hail in Central US Storms

A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to speculate if warmer winter weather is behind the storm outbreak. As parts of the Midwest recover from the March 13-14 …

CoreLogic: 2-inch-Plus Hail Fell on 10M U.S. Homes in 2023

Last year saw 141 days with large hail (2 inch or greater)—the highest number of days in 20 years, according to a new report by CoreLogic. The 2024 Severe Convective Storm Report details how severe thunderstorm risk is growing in …

CoreLogic: California Storms Put 543K Homes at Risk of Flash Flood Damage

CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more than $258 billion are at risk of flash flood damage. Reconstruction cost value is the cost …

Insurers Brace for Hit from Florida’s Costliest Storm Since 1992

Insurers are bracing for a hit of between $28 billion and $47 billion from Hurricane Ian, in what could be the costliest Florida storm since Hurricane Andrew in 1992, according to U.S. property data and analytics company CoreLogic. Wind losses …

Hurricane Ian Projected to Cause Historic Losses for Insurers

Experts predicted insured losses from Hurricane Ian could earn it a spot as one of the costliest natural disasters in history after the storm rapidly intensified before coming ashore in Southwest Florida with 150 mph wind and began a crawl …

Claims Business: Sedgwick, CoreLogic, Davies

Sedgwick acquires Orchid Medical Sedgwick has acquired Orchid Medical, a nationwide provider of ancillary medical management services for the workers’ compensation industry. The Memphis, Tennessee-based claims administrator said in a press release that the acquisition represents an investment in the …

Claims People: IAT, CoreLogic and MedRisk

IAT Appoints Senior VP for Claims IAT Insurance Group has appointed Heidi Bendick as senior vice president of claims operations. “Heidi has a winning mix of technical knowledge, industry experience and people skills,” stated Chief Claims Officer Trent Haas in …

Claims People: Hippo, Chartwell Law, Charles Taylor, CoreLogic

Hippo Taps Hiscox Executive For Claims Digital home insurer Hippo hired a former Hiscox executive to be its first chief claims officer, with a mission to expand claims operations for the now publicly-traded California-based insurtech as it grows nationally. Grace …

Claims Business: ClaimsPro, Ryze, CoreLogic

ClaimsPro Buys CJ Hester ClaimsPro, a Chicago-based independent claims adjusting firm, has acquired CH Hester, an adjusting company based in Mobile, Ala. ClaimsPro said the acquisition will broaden its geographic reach. CJ Hester serves Alabama, Florida, Georgia, Louisiana, Mississippi and …

Hurricane Ida Damage Projections Reaching the Scale of Irma, Harvey and Sandy

Insured losses from Hurricane Ida are now creeping into the $30 billion range after catastrophe modelers added damage to properties in the Northeast, putting the catastrophe on par with Hurricane Irma and Harvey in 2017 and Superstorm Sandy in 2012. …