CoreLogic Report Highlights Significant U.S. Natural Disasters in 2013

A record low number of natural hazard events and unusual sinkhole activity were the highlights of 2013, according to CoreLogic, a residential property information, analytics and services provider.

The company released its annual Natural Hazard Risk Summary and Analysis detailing the most significant natural disasters that struck the United States in 2013. The report provides an analysis of the impact of hurricane, flood, tornado, wildfire and sinkhole events over the course of the year, as well as a summary of potential risk from natural hazards in 2014.

Compiled by CoreLogic hazard scientists, the report summarizes the property and structure, geographic and financial impact of natural disasters across the U.S. over the course of the year.

“Many predicted that 2013 would be a record year of catastrophic destruction, but the number of natural disasters that typically cause widespread destruction, mainly hurricanes, wildfires and tornadoes, were far less than anticipated in comparison to last year’s record-setting hazard seasons,” said Dr. Thomas Jeffery, senior principal scientist for CoreLogic. “Interestingly, one natural hazard that tends to receive very little attention took center stage in 2013 as three separate sinkhole catastrophes took place in Florida. Though massive damage and loss of life from sinkholes is uncommon, this year’s events were large enough disasters to draw significant media coverage, raising public awareness of the true risk associated with this often-overlooked hazard.”

Key findings within the report:

Hurricane

Flood

Tornado

Wildfire

Sinkhole

“Though there have been fewer billion-dollar catastrophes over the course of 2013, history has demonstrated time and time again that a temporary reprieve from natural disasters cannot and should not be expected to continue into the future,” said Jeffery. “Going into 2014, it’s important to remember that hazard-driven property damage and loss can and does occur each year, and with the cyclical nature of some of these events, this year should be considered fair warning that next year will likely see a return to the higher average numbers of damaging natural disasters.”

CoreLogic generated findings for the Natural Hazard Risk Summary and Analysis using the company’s comprehensive parcel database and natural hazard risk analytics, as well as data from the National Climatic Data Center, NIFC, EQECAT, Inc. and the National Weather Service.

For a copy of the 2013 CoreLogic Natural Hazard Risk Summary and Analysis, which includes maps, charts and images, visit http://www.corelogic.com/about-us/researchtrends/natural-hazard-risk-summary-and-analysis.aspx.

Source: CoreLogic