CoreLogic News

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 …

Estimates of Insured Losses from Hurricane Laura Range from $4 Billion to $12 Billion

Although Hurricane Laura was the strongest cyclone to strike Louisiana since 1856, damages were limited because it made landfall in a relatively sparsely populated area and the highest winds were confined to a narrow band around the eye of the …

Texas, Hawaii Spared From Potential Widespread Hurricane Damage

Hurricane Hanna spared insurers potential massive losses by making a landfall Saturday on a rural area of the Texas coast, in a state where residential properties receive relatively little protection from modern building codes. Hurricane Douglas similarly averted disaster in …

U.S. Flood Risk Model to be Publicly Available in Boon for Homebuyers

NEW YORK, Jan 14 — A climate research organization will offer access to a risk model that predicts the probability of flooding for homes across the United States, giving the public a look at the data institutional investors use to …

Technology’s Promise and Drawbacks Among Top Claims Stories for 2019

Technology — both its promise and its alleged abuse — was a key component of the most important news stories for claims professionals in 2019. Several insurers introduced new technical innovations to their claims processes during the year. At the …

CoreLogic Teams with Hover, NICB with Friss; Jupiter Awarded Grant

CoreLogic Integrates Hover with Underwriting Platform CoreLogic has integrated Hover’s three-dimensional property measurement tool into is Underwriting Center platform for insurance clients. The use of Hover will allow carriers and inspection companies to better manage inspection expenses, while allowing policyholders …

Business News: CoreLogic, Betterview, Gallagher Bassett

CoreLogic Teams Up with Geospatial Insurance Consortium CoreLogic has integrated aerial imagery provided by the Geospatial Insurance Consortium into its underwriting platform, the Irvine, California-based analytics provider said in a press release. The GIC is a nonprofit organization sponsored by …

Augmented Reality: Revolutionizing the Claims Cycle

This post is part of series sponsored by CoreLogic | Symbility. As technology advances and becomes more available to a wider audience, we tend to analyze how that tech advancement can benefit us, our clients, and our client’s clients. Computers …

How The World’s Most Valuable Resource is Changing Insurance

This post is part of series sponsored by CoreLogic | Symbility. Oil was once the most valuable resource in the world. Today though, some would say that data is. Data is changing the way business is done everywhere, including the …

CoreLogic Says 7.3 Million Homes, $1.8 Trillion at Risk from Hurricane Storm Surge

The Atlantic hurricane season, which begins Saturday, puts 7.3 million homes at risk with an estimated reconstruction cost of $1.8 trillion, CoreLogic said in its 2019 Storm Surge Report. That’s 300,000 more homes and $200 billion more in reconstruction costs …