Insurance

Blog

Climate change is altering the frequency and severity of natural disasters, along with the associated structural damage costs. Given this trend, understanding the property insurance landscape is more important than ever to homeowners, potential buyers and coverage providers. CoreLogic’s blog provides expert advice on navigating the property insurance landscape, including data to help homeowners, property buyers, insures and appraisers make the most informed decisions. Read previous CoreLogic blog posts on property insurance.
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March 23, 2021

4 Ways for Insurers to Reduce Losses During Severe Storms

Managing Overall Loss Cost While Keeping Customer Satisfaction High BY PASCAL BEGIN AND SAUMI SHOKRAEE INSURANCE, NATURAL HAZARD With the nation grappling from a seemingly endless array of severe weather events like tornadoes, hail and extreme wind, it is more important than e...

February 24, 2021

How Loss Simulations Can Prepare Energy, Utility, and Communication...

The year 2020 was particularly active when it comes to natural hazard and catastrophic risks posed to property. We witnessed a 7.0 magnitude earthquake in Turkey and Greece, record-breaking wildfires in California, and the most active hurricane season on record. While much of the news focused on ...

December 15, 2020

Moving Toward Stabilization: U.S. Single-Family Rent Growth Reached...

Single-family rental prices grow as renters demand more space Single-family rent growth of higher-priced single-family homes surpasses 2019 rates while rent growth of lower-priced homes remains below year-ago levels CoreLogic® (NYSE: CLGX), a leading global property information, analytics an...

December 14, 2020

An Introduction to the National Flood Insurance Program

A Q&A with Scott Giberson Q: What is the NFIP? A: The National Flood Insurance Program (NFIP) is a program established by the U.S. Congress in 1968. The NFIP has two primary purposes: to share the risk of flood losses through flood insurance and to reduce flood damages through ...

September 24, 2020

2020 Insurance Coverage Adequacy Report

In this interactive map report, CoreLogic examines two use cases that identify opportunities for Insurers to offer flood insurance to underinsured homeowners at risk of flooding: Storm Surge Along Atlantic and Gulf Coast of US inside and outside Special Flood Hazard Areas (SFHA). Inland Flooding ...

June 26, 2020

Three Reasons Parametric Insurance is Our Future

As climate change continues to alter the atmosphere and increase the severity and frequency of natural catastrophe events, insurers across the nation are considering new ways to improve their underwriting and claims operations. Excessive losses from these severe events have led them to adopt para...

June 19, 2020

Coronavirus Creates Ideal Conditions For Spike in Non-weather Water...

Fears about the coronavirus pandemic have prompted public officials to order quarantines and stay-at-home orders across the nation. A Gallup poll on April 3rd indicated that 75% of Americans have self-isolated in their household.1 This means that all of those hours previously spent at t...

May 26, 2020

The Top Four Challenges Facing the Property and Casualty Insurance ...

The insurance industry is one of the oldest industries in the world, dating back to the third and second millennia B.C. An industry with such deep roots in human civilization has thrived by continually transforming to changing circumstances. Still, the insurance business faces unique obstacles to...

April 6, 2020

Important Information About the California Department of Insurance’...

Six things to know about the recent impasse between regulators and insurers in the aftermath of California’s devastating wildfires After catastrophic wildfires swept across California in 2017 and 2018, state insurers were hit with record-breaking losses of over $25 billion.1 2 With three mil...

September 24, 2018

Guy Carpenter Licenses the CoreLogic U.S. Inland Flood Model

2017 was a game-changing year for the insurance industry. Between the catastrophic deluge of water dumped in Texas from Hurricane Harvey and the unprecedented underinsurance rates of families whose homes and lives were affected, there’s been an increased focus on flood risk by both insurance and ...

September 7, 2017

Making the Adjustment

The Modern Age of Desk Adjusting for the Insurance Industry Deploying adjusters to the field is a large overhead cost for insurance companies. Incoming claims vary in terms of size and severity, and with that, not every claim requires an on-site adjustment. Thus, in addition to field adjusters, i...

February 10, 2017

“I must be covered; I have Homeowners Insurance!”

What you don’t know about your policy can hurt you…financially It’s often been said, “it’s better to have insurance and not need it than to need it and not have it” as a homeowner I do have insurance so I must be covered…. right….well there is more to the story. Understanding what is ...