CoreLogic News

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 …

Insured Property Losses From Matthew Could Total $6-10B

Experts estimate insured losses from Matthew, the second major hurricane of 2016, to range between $6 and $10 billion. Fitch Ratings estimates that if the storm results in insured losses in excess of $10 billion, a greater proportion of losses …

CoreLogic: 60,000 New Orleans Homes No Longer in High Risk Flood Zone

New data analysis released by CoreLogic indicates that in the Orleans Parish, which encompasses the city of New Orleans, nearly 60,000 homes with a reconstruction cost value of more than $12 billion will no longer be located in a designated …

New FAA Rules Opens Door for Increased Use of Drones in Insurance

The recent release of Federal Aviation Administration (FAA) rules for drones weighing less than 55 pounds will allow drones to be used in more commercial applications, like during claims inspections of individual homes. Susan Williams, content strategist with CoreLogic, discussed …

CoreLogic: Texas Spring Hail Storm Losses Total Almost $700M

According to new data released by CoreLogic, the 2016 hail season is already one of the most severe in Texas history, with year-to-date results reaching the nine-year average for U.S. hail storm damage. Estimated losses in Fort Worth, Plano, Wylie …

Business Moves

Prime P&C Casualty Insurance Enters Florida Commercial Auto Market Prime Property and Casualty Insurance Inc. (PPCI) has entered the Florida commercial auto market as an admitted carrier specializing in insurance services for distressed and substandard risks. PPCI offers the capacity …