Natural disasters play a pronounced role in the changing nature of the insurance, real estate, and mortgage lending markets. Catastrophes such as hurricanes, earthquakes, wildfires, floods, and severe thunderstorms ultimately affect all parties involved in property-related decisions, from the banks to individual homeowners.CoreLogic’s Hazard HQ Command CentralTM provides updates on the impacts of natural disasters across the globe, including detailed descriptions of the events, modeled insured/insurable loss estimates, and the number of residential properties affected. Stay tuned to get our latest take on how to manage risks associated with these types of risks. Read previous posts from Hazard HQ Command CentralTM.
CoreLogic's property data science team examines how flood risks in the Miami area affect home values in the region.
Storm Ciarán (Emir), the third significant named storm of the 2023-2024 European winter storm season, set new meteorological records.
Devastating Category 5 Hurricane Otis surprises officials and locals this October. Winds are expected to cause substantial damage.
Wildfire Risk Management requires a combination of deterministic and probabilistic models to offer multiple perspectives on risk.
Typhoon Koinu sets wind speed gust records in Taiwan, but insurable damage was minimal.
Hurricane Lee is forecasted to impact New England and eastern Canada. Damage could be similar to Hurricane Fiona in 2022.
Proper model development and validation is a challenging task, but it is fundamentally necessary to ensure accuracy when examining wildfire risk.
Hurricane Idalia estimated insured loss expected to be minimal due to remote landfall location and effective building codes.
Enterprise risk assessment and management depends on having a comprehensive view of wildfire hazard.
Hurricane Idalia is 2023's first major hurricane to make landfall and will bring 120 mph winds and devastating storm surge to Florida.
The 2023 Canadian wildfire season is record-setting, causing widespread damage to the real estate market across the country.