Reinsurance News
CoreLogic
Hurricane Ian re/insured wind and flood losses could reach $53bn, says CoreLogic
7th October 2022
CoreLogic, a global provider of property information, analytics, and data-enabled solutions, has raised its re/insurance industry loss estimate for the wind and flood impacts of hurricane Ian to between $31 billion and $53 billion. The latest figures from CoreLogic peg the insured wind loss in Florida at between $22 billion and ... Read the full article
CoreLogic estimates insured wind and surge loss from hurricane Ian up to $47bn
30th September 2022
CoreLogic has estimated that the insurance and reinsurance industry losses from Hurricane Ian could reach $47bn. The firm said that its analysis indicated losses arising from the hurricane could land between $22bn and $32bn, with additional storm surge losses in Florida of another $6bn to $15bn. It also said that this ... Read the full article
Over one million Florida homes at risk from Hurricane Ian storm surge: CoreLogic
27th September 2022
CoreLogic has released data analysis showing that more than one million single-family and multifamily homes along the Florida gulf coast with a reconstruction cost value (RCV) of approximately $258.3bn are at potential risk of storm surge damage from Hurricane Ian. Hurricane Ian has now reached major Category 3 status with ... Read the full article
Major hurricane Ian heads for Cuba with Tampa Bay landfall a possibility
27th September 2022
Hurricane Ian has now reached major Category 3 status with 125 mph sustained winds, and with a shift further east in the NHC's forecast cone overnight, the storm is set to pass very close to the Tampa Bay area, or even come ashore with a landfall. The NHC warned previously of ... Read the full article
Florida and four Western US states at most risk for wildfire damage in 2022
14th September 2022
Florida, Texas, Colorado, California and New Mexico are the top five US states at most risk of wildfire damages in 2022, according to a report by CoreLogic, a property information, analytics and data-enabled solutions provider. The Wildfire Report for 2022 tracks wildfire risks in 15 Western US states and Florida. It ... Read the full article
CoreLogic announces alliance with Google Cloud amidst product launch
23rd August 2022
CoreLogic has announced an extended relationship with Google Cloud to support the launch of its new CoreLogic Discovery Platform. Built on Google Cloud’s infrastructure, Discovery Platform provides a comprehensive property analytics environment and cloud-based data exchange for businesses across multiple sectors. CoreLogic launched Discovery Platform in June earlier this year, stating ... Read the full article
CoreLogic launches Discovery Platform
30th June 2022
CoreLogic has launched Discovery Platform, a cloud-based data exchange and property analytics ecosystem. According to the firm, the new product enables businesses—including property and real estate technology (PropTech/ReTech), mortgage lenders, marketers and insurance firms—to discover, integrate, analyze and model property insights to make critical business decisions faster. Patrick Dodd, president and CEO ... Read the full article
CoreLogic appoints Patrick Dodd as permanent CEO and president
27th June 2022
CoreLogic has appointed Patrick Dodd to be its new president and CEO after serving in the role on an interim basis since January. Dodd will continue to serve on the company’s board of directors. Prior to assuming the top job in January, Dodd served as the company’s chief operating and ... Read the full article
CoreLogic reports NY and Miami have most homes at risk of storm damage
22nd June 2022
CoreLogic has said that New York and Miami have the most homes at risk of storm surge damage, alongside the highest reconstruction cost value. According to the firm, its 2022 Hurricane Report shows that nearly 7.8m homes with more than $2.3tn in combined reconstruction cost value (RCV) are at risk of ... Read the full article
CoreLogic announces collaboration with Hiscox London Market
8th June 2022
Leading global property data and analytics-driven solutions provider, CoreLogic, has announced that Hiscox London Market has adopted its PxPoint technology to better understand property risk and enhance underwriting accuracy. Delivered through the RiskMeter platform, the solution uses advanced geocoding technology to provide detailed information from precise location to structure, to assess ... Read the full article
CoreLogic names Next Gear’s Garret Gray to lead Protect Business
7th March 2022
CoreLogic has appointed Garret Gray to lead its Protect Business Unit, following the company’s acquisition of Next Gear Solutions, where Gray was the founder and Chief Executive Officer (CEO) in 2021. Gray's appointment unites all of CoreLogic’s global insurance data and technology solutions as he leads the unit and his team. The ... Read the full article
Duck Creek and CoreLogic expand partnership
4th March 2022
P&C insurance software provider, Duck Creek Technologies has expanded its collaboration with CoreLogic, a provider of property intelligence solutions, to help connect critical touchpoints for an improved underwriting experience. The growing relationship enables customers to obtain a deeper level of business intelligence, one where decisions can be made in real-time. Duck Creek ... Read the full article
14.5mn+ homes impacted by 2021’s nat cat events: CoreLogic
17th February 2022
Analysts at CoreLogic, a global provider of property information, analytics, and data-enabled solutions, have released a new report which reveals that over 14.5 million single and multifamily homes were impacted by the largest natural catastrophe events of 2021, with an estimated $56.92 billion in property damage. The report looked at thirteen ... Read the full article
Parametrics & climate-adapted cat models are trends for 2022: CoreLogic
31st January 2022
Analysts at CoreLogic are forecasting that parametrics and climate-adapted catastrophe models will be key trends for re/insurers in 2022 following another year of elevated losses. The cat modeller sees parametric insurance in particular as a valuable supplement to traditional indemnity insurance. “These technologies are perfectly suited to provide insights into the high-gradient ... Read the full article
CoreLogic names Pat Dodd interim President & CEO
12th January 2022
CoreLogic, a global provider of property information, analytics, and data-enabled solutions, has announced Pat Dodd as interim President and Chief Executive Officer (CEO). Dodd replaces Frank Martell who transitions to non-executive Chairman of the company's Board of Directors. Interim President and CEO Dodd first joined the company in 2020 as Chief ... Read the full article
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