CoreLogic News

CoreLogic: Wildfires, Floods Dominated Natural Hazards in 2017

Last year’s weather hazards reflected a mostly average season, with the exception of wildfires in California and flooding as a result of Hurricanes Harvey and Irma, according to CoreLogic’s annual Natural Hazard Risk Summary and Analysis released last week. The …

Business News: ClaimRide, Symbility, Agero, Starr Companies

ClaimRide Partners With Turo in the Vehicle Replacement Market ClaimRide, the leading facilitator of TNC services for the insurance industry, announced a partnership with leading P2P carsharing marketplace, Turo. Under the alliance, ClaimRide will now offer Turo as a replacement …

Over 20% of U.S. Properties at Risk for Flood Not in Designated Flood Zones

An estimated 23 percent of residential and commercial properties in the U.S. are at High or Moderate risk of flooding, based on CoreLogic proprietary flood analysis, but are outside of designated Special Flood Hazard Areas (SFHA) as identified by the …

CoreLogic Estimates Up to $1.35B in Damage From Hurricane Nate

Preliminary loss estimates for Hurricane Nate, including insured and uninsured loss for both residential and commercial properties, and damage from both flood and wind, is estimated to be between $650 million and $1.35 billion, according to global property analytics provider …

As Recovery Begins, Industry Tallies Irma’s Mounting Costs

With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by CoreLogic. Residential property flood loss is estimated …

CoreLogic: Hurricane Harvey Storm Surge Could Impact 200,000 Texas Homes

Hurricane Harvey has the potential to impact 232,721 homes along the Texas coast, according to CoreLogic, a global property information, analytics and data provider. Reconstruction costs could hit $39.6 billion if all of the homes sustain storm damage as a …

Business News: Assurant, ISO, CoreLogic

Assurant Announces $1.36 Billion 2017 Property Catastrophe Reinsurance Program Assurant, Inc., a global provider of risk management solutions, announced it has finalized a $1.36 billion property catastrophe reinsurance program, reducing the company’s financial exposure and enhancing its ability to protect …

CoreLogic: 6.9M Homes at Risk for Hurricane Storm Surge Damage in 2017

Nearly 6.9 million homes along the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge inundation with a total reconstruction cost value (RCV) of more than $1.5 trillion (Table 1), according to the 2017 Storm …

Business News: Esurance, CoreLogic, QBE, AIG

Esurance Lays Off 30 Workers in South Dakota About 30 Esurance employees in Sioux Falls have lost their jobs as part of cuts within the insurance company. The Argus Leader reports that Esurance cut 100 jobs Tuesday, mostly in Sioux …

California Dam Putting More Than 50,000 Homes at Risk

Days after thousands of people were allowed to return to their homes near Lake Oroville, Calif., more than 50,000 homes remain at risk of flood damage, according to analysis released last week by CoreLogic. If all of the homes located …