CoreLogic News

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 …

Floods, Damaging Winds Most Destructive Natural Hazards in 2016

Last year’s natural hazards were reportedly below average or average with the exception of flood and wind, both of which saw above-average activity, due in large part to Hurricane Matthew, according to CoreLogic’s annual Natural Hazard Risk Summary and Analysis. …

CoreLogic’s New Model Confirms a Statewide Quake Possible for California

According to new data analysis from CoreLogic, a large earthquake along the San Andreas fault impacting both Northern and Southern California simultaneously – once considered impossible – could cause up to 126 percent more residential property damage than previously thought, …

1.8M Western U.S. Homes at Extreme or High Wildfire Risk

Things haven’t gone as bad as they could have so far in 2016 coming off last year’s record-setting wildfire season in the Western U.S., according to a report out today detailing wildfire risks to properties in the Western U.S. The …