CoreLogic News

California Wildfires: Where Do We Go From Here?

This post is part of a series sponsored by CoreLogic. The last few months of 2018 were record-setting and heartbreaking for the survivors of wildfires in California. The Camp Fire in Butte County quickly became the most destructive wildfire on …

The Race to Recovery: The Alaska Earthquake of Nov 30, 2018

This post is part of a series of sponsored by CoreLogic. A magnitude (M) 7.0 earthquake struck north of Anchorage, Alaska, on November 30, 2018. Located along the Ring of Fire which sees 81% of the world’s largest earthquakes, Alaska …

Will California See More Laws and Regulations in Wake of Wildfires?

Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and insurance regulators looked for ways to further protect homeowners. With another series …

CoreLogic Expands Flood and Hail Solutions in Canadian Market

CoreLogic, the Irvine, Calif.-based property data and analytics firm, announced it is expanding its Flood Risk Score and Weather Verification Services for hail into Canada. The availability of the CoreLogic Flood Risk Score and Weather Verification Service for hail in …

Supply and Demand and Other Essential Variables That Affect Rebuilding Costs

This post is part of a series sponsored by CoreLogic. Most people understand that the goal of a homeowner’s policy is to restore a home and possessions to the way they were should a catastrophic (CAT) event, such as a …

CoreLogic to Buy Toronto-Based Claims Workflow Firm Symbility Solutions

CoreLogic, the Irvine, Calif.-based property data and analytics firm, has agreed to acquire the outstanding shares of Symbililty Solutions Inc. not already owned by CoreLogic. CoreLogic currently holds approximately a 28 percent ownership interest in Symbility. Symbility, which is headquartered …

CoreLogic & Academic Institutions: The Future of Catastrophe Risk

This post is part of a series sponsored by CoreLogic. First on the Market Ten years ago, CoreLogic┬« (at the time, EQECAT) introduced the use of global Atmosphere-Ocean-General-Circulation Models (AOGCM) for insurance-oriented assessments of windstorms in Europe. They were used …

CoreLogic: 759K Homes, $170B in Reconstruction Value at Risk from Florence Storm Surge

Nearly 759,000 homes with a reconstruction cost value (RCV) of approximately $170.2 billion are at potential risk of storm surge damage from Hurricane Florence based on its Category 4 status, CoreLogic said in an analysis released late Monday. With projections …

Hurricane Lane Threatens 48K Hawaii Homes with Reconstruction Value of $8B

A new analysis shows 48,617 homes in Hawaii with a total reconstruction cost value of roughly $8 billion are at extreme-to-very high risk of hurricane-driven flood damage from Hurricane Lane. The CoreLogic analysis issued late Wednesday is based on National …

Guy Carpenter Licenses the CoreLogic U.S. Inland Flood Model

This post is part of a series sponsored by CoreLogic. 2017 was a game-changing year for the insurance industry. Between the catastrophic deluge of water dumped in Texas from Hurricane Harvey and the unprecedented underinsurance rates of families whose homes …