Reinsurance News
CoreLogic
2024 severe convective storm season picking up where last year left off: CoreLogic
20th March 2024
Analysis by CoreLogic estimates that 1-inch or greater hail fell on over 660,000 homes between March 13th and 14th in the central United States, causing material and destructive property damage. Dozens of severe convective storms (SCS) formed across the central U.S. over March 13th and 14th, and according to CoreLogic, ensured ... Read the full article
California storms leave 543,000 homes at risk of flash flood damage: CoreLogic
8th February 2024
CoreLogic, the global provider of property information, analytics, and data-enabled solutions, estimates that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more than $258 billion are at risk of flash flood damage. Reconstruction cost value is the overall cost ... Read the full article
CoreLogic and Artigem to launch new contents estimation capabilities
24th January 2024
Global provider of property information, analytics, and data-enabled solutions, CoreLogic is working with insurtech Artigem to launch new contents estimation capabilities within the CoreLogic Claims | Workspace platform. With these new capabilities, insurance claims professionals can access all tools needed to provide homeowners with accurate estimates in a timely manner following ... Read the full article
CoreLogic pegs Japan quake insured losses at less than $5bn
5th January 2024
Catastrophe risk modeller CoreLogic's modelled insured loss estimate for the devastating, shallow magnitude 7.5 earthquake, which hit western Japan on New Year's Day, includes damage from ground shaking, fires following, tsunamis, and liquefaction. CoreLogic estimates that insured losses in the country from the quake could be between $1 billion and $5 ... Read the full article
CoreLogic pegs Hurricane Otis insurable loss at $10bn to $15bn
27th October 2023
Catastrophe risk modeller CoreLogic has estimated that the insurable loss from wind damage caused by Hurricane Otis, which made landfall as a Category 5 storm over the greater Acapulco, Mexico area on Wednesday morning, is between $10 billion and $15 billion. At 1:25 am local time, Hurricane Otis made a direct ... Read the full article
Hurricane Idalia rapidly intensifies and now forecast for Cat 4 landfall on Florida coast
30th August 2023
Idalia has rapidly intensified into a major Category 3 hurricane with sustained winds of 125 mph and the latest forecast from the NHC is for peak sustained winds of up to 132 mph before landfall, with peak gusts estimated to exceed 160 mph. Update: The latest NHC advisory, published since our ... Read the full article
CoreLogic integrates with Databricks Marketplace to expand accessibility
7th July 2023
The global property information, analytics, and data-enabled solutions company, CoreLogic, has announced its integration with Databricks Marketplace. This move expands the accessibility of CoreLogic's comprehensive datasets and analytics tools. The collaboration amplifies CoreLogic’s commitment to meeting clients’ needs and allows a wider range of real estate, insurance and mortgage professionals to ... Read the full article
CoreLogic estimates insured losses from June U.S. storms at $10bn
26th June 2023
Analysts at CoreLogic have estimated that the severe thunderstorm activity from June 11-15 caused between $7 and $10 billion in insured losses. The thunderstorm activity brought strong straight-line winds, record-sized hail, and tornadoes, causing damage to property across the U.S. "Wind speeds in excess of 100 mph and hail greater than four ... Read the full article
More than 33 million US properties at risk of hurricane-force wind damage: CoreLogic
1st June 2023
As the 2023 Atlantic Hurricane Season starts, it has been revealed that more than 33 million US properties are at risk of hurricane-force wind damage. In its 2023 Hurricane Risk Report, leading analytics and data-enabled solutions provider CoreLogic, has identified that more than 32 million single-family residences (SFRs), as well as ... Read the full article
Hail a major loss driver, CoreLogic’s Severe Convective Storm risk report shows
11th April 2023
In the US, severe convective storms account for an average annual loss of more than $17 billion among the insured. Of those losses, hail damage accounts for more than $11 billion, CoreLogic first ever Severe Convective Storm report revealed, among other notable findings. Severe convective storms include straight-line winds, tornadoes, hail ... Read the full article
Slew of California homes at risk following Pajaro River levee breach: CoreLogic
20th March 2023
CoreLogic has estimated that 5,895 single and multifamily residential properties with a combined reconstruction value (RCV) of $2.88 billion are at risk of flooding following the Pajaro River in Central California overflowing its levee. On March 10, the water level in the Pajaro River surpassed its levee, leading to a breach ... Read the full article
CoreLogic estimates insurable damage from Turkey earthquakes at $5bn
23rd February 2023
CoreLogic, a global provider of property information, analytics, and data-enabled solutions, has estimated that the devastating earthquakes that recently struck Turkey will cause insurable damage of $5 billion. On February 6, an earthquake with a magnitude of 7.8 occurred near Pazarcık in Kahramanmaraş, triggering another earthquake with a magnitude of 7.5 ... Read the full article
CoreLogic appoints Selma Hepp as Chief Economist
27th January 2023
CoreLogic, a global provider of property information, analytics, and data-enabled solutions, has appointed Selma Hepp as Chief Economist. In July 2022, she was named interim chief economist. Prior to her interim role, Hepp served as an executive of research and insights in the Office of the Chief Economist. Within her role, she leads ... Read the full article
CoreLogic targets real estate industry with new Climate Risk Analytics
15th December 2022
CoreLogic, a global property data and analytics-driven solutions provider, has announced the launch of a new solution to model and mitigate the physical risks of climate change to the real estate industry, initially through 2050. Patrick Dodd, President & CEO, CoreLogic, said: “Mitigating the effects of climate change is a monumental ... Read the full article
CoreLogic estimates Hurricane Nicole losses to be less than $750m
15th November 2022
A new note from CoreLogic says that it estimates that privately insured gross modelled losses from Hurricane Nicole will be less than $750m. The firm said on its website that these losses include those from hurricane winds and storm surge and do not include increased losses due to assignment-of-benefits. Nicole made landfall ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
