CoreLogic News

Losses from California Wildfires Could Reach up to $6 Billion, Experts Say

This story has been updated with the latest estimates on fire losses. The wildfires raging in California are shaping up to become an infamous if not historic event. The fires have destroyed 3,500 structures and counting, far exceeding the 2,820 …

Insurance Industry Tallies Irma’s Mounting Losses in Florida

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: Identifying the Insurance Gap

This post is part of a series sponsored by CoreLogic. As hurricane Harvey made landfall north of Corpus Christi last week, this Category 4 hurricane left devastation in its wake. CoreLogic® estimates that the total residential insured and uninsured flood …

As Harvey Nears, Central Texas Coast Shuts Down

The National Hurricane Center has called off the hurricane watch from Port Mansfield, Texas, south to the mouth of the Rio Grande, but the Hurricane Harvey scenario for Corpus Christi and the surrounding areas on the mid-Texas coast seems to …

Making the Adjustment

This post is part of a series sponsored by CoreLogic. The Modern Age of Desk Adjusting for the Insurance Industry Deploying adjusters to the field is a large overhead cost for insurance companies. Incoming claims vary in terms of size …

CoreLogic Acquires Myriad Development in Texas

CoreLogic has acquired Austin, Texas-based Myriad Development. Terms of the deal were not disclosed. The combined assets of Myriad’s automated underwriting platform with property data from CoreLogic will create a proprietary solution that will transform and modernize underwriting for the …

Report: The Southeast’s Storm Surge Risk and Florida’s Hurricane Wake-Up Call

The Southeast has seen its fair share of natural disasters and flooding in the last several years, including two hurricanes in Florida last year – the first hurricanes to hit the state in more than a decade. But none of …

Nearly 6.9 Million US Homes at Risk of Hurricane Storm Surge Damage

This post is part of a series sponsored by CoreLogic. Total Reconstruction Cost Value is More Than $1.5 Trillion It’s no surprise that residential homes in the U.S. located along the Atlantic and Gulf coasts are susceptible to damage from …

The Science Behind Wind Verification Technology

This post is part of a series sponsored by CoreLogic. Wind is one of nature’s most difficult hazards to measure, and damage caused from it can go undetected for months. Unlike hail which can be visually seen and, more often …

Hail Verification: Closer to Ground Truth

This post is part of a series sponsored by CoreLogic. Superior Data In. Superior Results Out. Thunderstorms are some of the most dynamic phenomenon on earth, resulting in hail sizes that can vary from the size of a pea, to …