CoreLogic News

Climate Change Could Push Flood Losses in U.S. to $40B by 2050

Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate Change, also …

People Moves: AXA XL Names Takigawa; Gary Heads CoreLogic Claims; Changes at Top at TigerRisk; Hill Joins Digital Partners

AXA XL Insurance Appoints Takigawa as Head of Commercial E&O, Americas AXA XL Insurance has named Michael Takigawa as the head of Commercial Errors & Omissions for the Americas region. Based in San Francisco and Monterey, Calif, Takigawa will oversee …

CoreLogic Completes Acquisition of Property Restoration Platform Next Gear

Property data firm CoreLogic said it has closed on its acquisition of Next Gear Solutions, a digital workflow platform for the property restoration industry. Next Gear Solutions, headquartered in Oxford, Miss., offers a cloud-based suite of products, including DASH, SettleAssist …

Climate Risk is Shaping Insurance – Here’s How

This post is part of a series sponsored by CoreLogic. The New Paradigm of Climate-Conscious Insurance As climate change alters the atmosphere and increases the frequency and severity of natural catastrophes, insurers must adapt to a shifting environment and industry …

Northern California’s Dixie Fire Has Affected 800-Plus Structures, And High Winds Are on Their Way

When Tom Larsen thinks of the Dixie Fire in Northern California, he thinks about better modeling. Larsen, the senior director for content strategy for catastrophe modeler CoreLogic Inc., pointed to some grim facts about the ongoing Dixie blaze: It’s already …

Some Scientists See More Intense, Wetter Hurricane Season Storms

Like death and taxes, the annual hurricane season can be counted on as a sure thing. The number and intensity of named storms may vary each year, as well as where they occur and whether or not they make landfall. …

Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling

Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring piece of evidence that there’s ample cause for concern is this: those who will be on the hook for …

CoreLogic: Southeast Tornado Outbreak Affected Nearly 10K Homes

Nearly 10,000 homes were impacted by tornado damage that occurred across Alabama and Georgia last week, according to data from catastrophe modeling firm CoreLogic. The March 25 deadly tornado outbreak occurred thanks to prime weather conditions that produced what is …

Update: CoStar Group Withdraws Bid to Buy CoreLogic

Commercial real estate information provider CoStar Group said it had withdrawn its bid to buy CoreLogic after the U.S. property analytics company rebuffed its sweetened buyout offer of more than $7 billion earlier on Thursday. In February, CoreLogic had agreed …

CoreLogic Tells CoStar Its Buyout Offer Needs Improvement

U.S. property data and analytics company CoreLogic Inc. rebuffed peer CoStar Group Inc.’s sweetened buyout offer, saying it required improvement in terms of value. Earlier this week, CoStar raised its offer to buy CoreLogic by adding another $450 million to …