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.
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.
Hurricane Hilary brought tropical storm winds and torrential rainfall to the southwestern United States.
Wildfires and urban conflagration fueled by extreme wind gusts bring damage to the people and properties of Maui.
The 2023 Wildfire Risk Report provides insight into property risk, both nationally and by metro area, across single-family homes and multifamily homes from wildfires.
Atlantic Ocean temperatures have risen 2°F beyond the 1982 - 2011 average bringing unusual storm patterns to the 2023 hurricane season.
Properties in the region with higher wildfire risks sell for less and appreciate at a slower rate, according to CoreLogic data.