CoreLogic News

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 …

Wildfire Took Your Home? Don’t Count on Insurance: Viewpoint

Own a home? No doubt you’ve insured it. Very sensible of you. But if that home were, say, burned to the ground, then your insurance company probably wouldn’t cover the cost of rebuilding it. Don’t feel too bad, though. It’s …

Business News: Verisk, CoreLogic, Arbella

Verisk Launches WaterLine for Private Flood Insurance Market Verisk, a data analytics provider, announced the launch of WaterLine, an underwriting tool that scores flood risk for all properties in the contiguous United States, helping insurers meet the needs of the …

Florence Wind, Storm Surge Could Cause Between $3-$5B in Insured Losses

Torrential wind and storm surge from Hurricane Florence could cause between $3 – $5 billion in insured residential and commercial property losses, according to CoreLogic, a global property information, analytics and data-enabled solutions provider. The new estimate doesn’t include insured …

Business News: DSA Re, PEAK6, CoreLogic

AIG and The Carlyle Group Announce Strategic Partnership with DSA Re American International Group and The Carlyle Group announced a strategic partnership to build DSA Re into a standalone provider of reinsurance, claims handling and run-off management solutions for long-dated, …

CoreLogic: 6.9M Homes Face Hurricane Storm Surge Damage Risk, $1.6T in Potential Reconstruction Costs

More than 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 $1.6 trillion (Table 1), according to CoreLogic, a …

Business News: Lemonade, CoreLogic

Lemonade Launches World’s First ‘Open Source’ Insurance Policy Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it has rewritten the generations-old insurance policy. The new insurance policy, called Policy 2.0, will be open for edits from …

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 …