Reinsurance News
CoreLogic
CoreLogic and Vexcel Imaging collaborate to provide enhanced visualisation
27th January 2025
Catastrophe risk modeller CoreLogic has entered a strategic alliance with Vexcel Imaging, a global leader in aerial imagery to get access to aerial imagery from the US, Canada, Western Europe and Australia, including post-disaster (Gray Sky) imagery captured after wildfires, hurricanes and tornadoes. This imagery is part of CoreLogic’s broader roadmap ... Read the full article
CoreLogic pegs LA wildfire insured loss at $35bn to $45bn
16th January 2025
Catastrophe risk modeller CoreLogic has estimated that residential and commercial insurance industry losses for the ongoing Eaton and Palisades Fires in Los Angeles, California, will fall between $35 billion and $45 billion. With the fires in Eaton and Palisades still burning as of Thursday afternoon, CoreLogic's estimated insured loss range is ... Read the full article
CoreLogic introduces a cloud-based portal for enhanced catastrophe risk assessment
23rd October 2024
Catastrophe risk modeller CoreLogic has introduced Navigate, a cloud-based portal offering flexible access to its global suite of over 185 high-fidelity catastrophe risk models. The platform enhances workflows, offering scalability, accessibility, and speeding up run times, enabling more efficient risk assessments and quicker decision-making. Garret Gray, President of CoreLogic Global Insurance Solutions, ... Read the full article
CoreLogic pegs insured wind and flood losses from hurricane Milton at up to $28bn
18th October 2024
According to initial data analysis by catastrophe risk modeller, CoreLogic, industry-wide insured wind and flood losses from hurricane Milton are estimated at between $17 billion and $28 billion. The total damage from Milton, including losses to uninsured property, will be between $21 billion and $34 billion, and CoreLogic’s assessment reveals that ... Read the full article
CoreLogic & Moody’s highlight billions in property exposure as Milton nears Florida
9th October 2024
Separate data analysis from CoreLogic and Moody's has revealed that 500,000 single-family and multifamily homes in Florida's Tampa Bay and Sarasota areas, with a reconstruction cost value of $123 billion, are at risk of storm surge from Hurricane Milton, while over 235,000 commercial properties in the state, worth $1.1 trillion, ... Read the full article
CoreLogic pegs total insured wind & flood losses from Helene at up to $17.5bn
7th October 2024
Catastrophe risk modeller CoreLogic has revised its estimate of total insured losses from Hurricane Helene to between $10.5 - $17.5 billion following the inclusion of losses covered by the National Flood Insurance Program (NFIP). According to CoreLogic, insured flood loss from the NFIP and private insurance for residential and commercial properties ... Read the full article
CoreLogic pegs hurricane Helene insured wind and storm surge losses at up to $5bn
30th September 2024
Insurance industry wind and storm surge losses from the impacts of hurricane Helene, the most powerful storm to hit the Big Bind region of Florida, have been estimated at between $3 billion and $5 billion by catastrophe risk modeller, CoreLogic. Hurricane Helene made landfall in the Big Bend region of Florida ... Read the full article
CoreLogic puts Hurricane Francine insured wind and storm surge losses at up to $1.5bn
13th September 2024
Hurricane Francine, the sixth named storm of the Atlantic hurricane season, made landfall over coastal Louisiana on September 11th as a Category 2 storm, and is expected to drive insurance industry wind and storm surge losses of up to $1.5 billion, according to catastrophe risk modeller CoreLogic. The Cat 2 storm ... Read the full article
More than 2.6 million homes across 14 US states at moderate to very high risk of wildfire damage, CoreLogic
14th August 2024
More than 2.6 million homes across 14 US states are at moderate to very high risk of wildfire damage during 2024's wildfire season, with a total reconstruction cost of $1.3 trillion, according to a new report from CoreLogic, a provider of property insights and innovative solutions. Data from the report shows ... Read the full article
Hurricane Beryl insured wind losses in Texas to be between $2.5bn and $3.5bn: CoreLogic
12th July 2024
Catastrophe risk modeller CoreLogic has updated its insurance industry loss estimate for the impacts of hurricane Beryl, putting the total for wind losses in Texas at between $2.5 billion and $3.5 billion. At the same time, CoreLogic has updated its estimate for insurable losses in the Caribbean, with $1 billion to ... Read the full article
Insurable losses from Beryl across Jamaica, Caymans & Mexico to be less than $2bn
8th July 2024
CoreLogic has estimated that total insurable losses from Hurricane Beryl across Jamaica and the Cayman Islands will be between $400 million and $700 million, while estimated insurable losses in Mexico’s Yucatan Peninsula are less than $1 billion. According to CoreLogic, the losses include wind-only damage to residential, commercial, industrial, and agricultural ... Read the full article
CoreLogic reports 32.7 million homes at risk ahead of active hurricane season
31st May 2024
Ahead of the 2024 Atlantic Hurricane Season, CoreLogic, a provider of property information and analytics, has released its 2024 Hurricane Risk Report to help insurers and risk managers prepare for the upcoming season. The report reveals that over 32.7 million homes from Texas to Maine are at risk of moderate to ... Read the full article
CoreLogic estimates $2.1bn in reconstruction costs for US Late-April tornadoes
15th May 2024
The severe tornadoes heavily hitting Nebraska, Iowa, and Oklahoma on April 26th - 27th is estimated to have damaged 7,229 residential properties with a combined reconstruction cost of $2.1 billion, according to CoreLogic. Across Oklahoma, nearby Lincoln and Omaha, Nebraska, and in southwest Iowa, multiple tornadoes hit towns, closed highways, and ... Read the full article
Insurable losses from Taiwan earthquake to be between $0.5-$1bn CoreLogic estimates
9th April 2024
CoreLogic estimates insurable losses from the 7.2 magnitude earthquake that hit Taiwan on April 3, 2024 will be between $0.5 and $1.0 billion (note, CoreLogic has reduced its figures from a range of $5bn-$8bn). This is considered the largest quake to hit the country in the last 25 years. Having ... Read the full article
NJ/NYC earthquake serves as a reminder of the risk despite minimal damage: CoreLogic
8th April 2024
According to CoreLogic, the global provider of property information, analytics, and data-enabled solutions, the recent M4.8 earthquake that occurred in Hunterdon County, New Jersey serves as a reminder that low risk does not mean no risk. Although the probability of damage is low, CoreLogic has encouraged homeowners and insurers to be ... Read the full article
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