Hazard HQ

Blog

Natural disasters, caused in part by climate change, play a pronounced role in the changing nature of the housing market. Catastrophes such as wildfires, hurricanes, flooding, wind events and winter storms ultimately affect all parties involved in real estate transactions. CoreLogic’s Hazard Team blog offers the latest updates on the impacts of natural disaster on the housing ecosystem, including information on current damage estimates and future projections. Stay tuned to get our latest take on how to manage risks associated with these types of risks. Read previous blog posts from CoreLogic's Hazard Team.
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January 27, 2021

Alabama Tornado

Tornado season has arrived in the southeastern United States, as a powerful storm system brought destructive weather to the mid-South and central Gulf Coast region earlier this week. Late in the evening of January 25, the northern suburbs of Birmingham, Alabama, were heavily damaged when a strong...

December 3, 2020

2020 Wildfires

It can be argued that there is no real wildfire “season” anymore and that wildfires are occurring throughout the year in at least parts of the western U.S. Today, late year wildfires broke out in Southern California, with the Bond Fire in Orange county expanding from the 3,500 acres initially rep...

October 30, 2020

Magnitude 7.0 Earthquake in Turkey and Greece

On Friday, 30 October, a magnitude 7.0 earthquake struck the sea near the Turkey and Greece borders at a shallow depth. The earthquake struck some 120 miles south of the western-most section of the North Anatolian fault, the seismic source that drives the majority of risk in Turkey.  The mom...

October 28, 2020

Hurricane Zeta

Zeta is currently a high-end Category 2 storm with maximum sustained winds of 110 mph and is expected to make landfall near New Orleans, Louisiana tonight before 7pm CT. The Louisiana coast has been battered this season from Laura and Marco to the recent Delta–and now Zeta. Zeta’s add...

October 13, 2020

Hurricane Delta

CoreLogic Estimates $0.7 Billion to $1.2 Billion in U.S. Onshore Losses From Hurricane Delta Wind and Storm Surge According to this new CoreLogic Hurricane Delta data analysis, insured wind losses for residential and commercial properties in Louisiana and Texas are estimated to be between $0.5 bi...

October 6, 2020

Windstorm Alex

The European Windstorm Season Gets Underway With A Bang On 30 September, the 2020-21 European Windstorm season saw its first named storm, Alex.  It underwent explosive cyclogenesis, or more colloquially known as a “weather bomb,” with a drop in central pressure of nearly 40mb in 12 hours, im...

September 28, 2020

Fire on the Horizon: Volatility and Wildfire Risk During the 2020 S...

The year of 2020 has seen record-setting fires in the west. With the early start of intense wildfire activity this season, it is entirely possible that devastating fires will continue well into the fall. In addition, with the COVID-19 pandemic occurring simultaneously, communities face additional...

September 22, 2020

Hurricane Teddy

Hurricane Teddy is expected to reach Atlantic Canada as a post-tropical storm on Wednesday morning and will most likely have decreased wind speeds compared to Hurricane Dorian in 2019.  Nova Scotia and Prince Edward Island should expect surge levels in addition to flash flooding due to inten...

September 21, 2020

Tropical Storm Beta

Tropical Storm Beta, the 21st named storm of the 2020 season, is already one month ahead of the pace set by the record 2005 season. Beta is forecasted to come ashore along the central Texas coast Monday (Sept 21st) as a Tropical Storm, with maximum sustained winds of 50 mph. Taking a similar path...

September 16, 2020

Hurricane Sally

Overnight, Hurricane Sally strengthened to a high-end Category 2 storm, making landfall near Gulf Shores, Alabama with maximum sustained winds of 105mph. Interestingly, Sally made landfall in almost the exact same spot and on the same day, September 16, as Hurricane Ivan in 2004. Wind Sally was a...

August 28, 2020

Tropical Cyclone: Hurricane Laura

Hurricane Laura made landfall as a powerful Category 4 storm near Cameron, Louisiana on August 27. CoreLogic monitored the storm, its impact and its aftermath. CoreLogic Risk Analysis Shows Hurricane Laura Threatens 431,810 Homes with Storm Surge Damage, Shines Light on Importance of Coverage Ade...

July 6, 2020

Understanding Risk in a Decade of Natural Catastrophes

July 6, 2020 Maiclaire Bolton Smith Sr. Leader of Research & Content In the past 10 years, the U.S. has seen 121 events produce damage in excess of $1 billion. Globally, this escalates with many more events around the world. From major hurricanes and floods, to annual severe weather, devastat...