CoreLogic News

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. …

Insurers Could Face $1B Hit From Hurricane Ida Damage to Offshore Rigs

Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate did not include losses from …

Ida v. Katrina in New Orleans: Fewer People, Better Levees, Smaller Storm Surge

Hurricane Ida and Hurricane Katrina in 2005 made landfall within 50 miles of one other and each carried 150 mph winds at one point, but the amount of death and destruction caused by the two storms was vastly different because …

Never Mind COVID, 2020 Was a Catastrophe for US Insurers

In case you forgot, the year that just passed brought an unprecedented number of catastrophes — not to mention COVID-19. Three insurance industry reports issued this week chronicle just how bad 2020 was for property insurers. CoreLogic released a chronology …

CoreLogic to Hold Takeover Talks With CoStar, Warburg

CoreLogic Inc. is in discussions with CoStar Group Inc. and a consortium consisting of Warburg Pincus and GTCR about a potential takeover, valuing the company at more than $80 a share, according to a person familiar with the matter. CoStar …

Delta Losses Bring Hurricane Damages to $26B for Year

Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic said Tuesday. The damage is far less than estimated …