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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …