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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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...

April 20, 2020

Coronavirus Adds to Recovery Challenges in Southeast U.S. After Tor...

On April 12 and 13, 2020, severe weather swept through the Southeast U.S. A total of 86 tornadoes tore through the region, leading to the loss of at least 34 lives. Over the two-day storm period, CoreLogic® Tornado Verification Technology monitored the tornadoes and estimated structural impa...

March 24, 2020

Think Like a Seismologist

Do you ever hear that an earthquake has occurred and wonder if it will be damaging? Or wonder why you’ll hear that a Magnitude 6 earthquake caused a lot of damage, but a Magnitude 7 did not? Today I’ll offer some insights on how to think about earthquakes like a seismologist. The first ...

January 28, 2020

Earthquake: M7.7 Near Cuba

A magnitude 7.7 earthquake occurred on January 28 at 2:10 PM EST, situated about 75 miles northwest of Jamaica, approximately 80 miles southwest of Cuba’s Bayamo state. Strong ground motions have been reported in Montego Bay, Jamaica. The earthquake occurred along the northern margins of the Cari...

January 22, 2020

January Update: Paradise & Santa Rosa Recovery

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 million acres burned and over 30,000 structures destroyed, the two years were the deadliest and most destructive wildfire seasons t...

December 16, 2019

2018 California Wildfires – An Actuarial Review

2018 was another catastrophic year for wildfires across the United States. Nearly 9 million acres burned, and many lives, homes and businesses were lost. California alone had over 1.8 million acres burned, and the Camp fire was the deadliest and most destructive wildfire in the state’s history.&n...

November 4, 2019

Top 15 Metro Areas with Wildfire Risk

Over the past several years, the United States has experienced record-breaking wildfires. In 2018 alone, a total of 8,767,492 acres burned – an area roughly equivalent to 74 of the 75 largest cities in the United States combined. This is the sixth-highest total since modern historical records beg...

October 28, 2019

How Demand Surge After Natural Disasters Impacts the Cost and Timin...

Although advancements in weather forensics have made it possible to anticipate the region and severity of certain catastrophic events, it is harder to predict how demand surge may or may not affect recovery efforts following a natural disaster of any kind. Demand surge in rebuilding efforts refer...

October 22, 2019

Natural Hazards Have Unexpected Effects on the Housing Market

Dr. Frank Nothaft Shares Research on Natural Hazards at EPIQ 2019 We all know that natural disasters have become a growing concern, both in the United States and around the world. Whether flooding, storms, earthquakes or fires, the increasing frequency and severity of natural hazards has been fel...

July 15, 2019

Southern California Earthquakes Serve as a Stark Reminder

M7.1 and M6.4 Searles Valley Earthquake Sequence The earthquake risk in California is no secret. For years scientists have been warning the state is overdue for a large damaging event. It’s been nearly 30 years since the devastating 1989 magnitude (M) 6.9 Loma Prieta earthquake and 25 years ...

July 10, 2019

Will This Earthquake Cause Damage?

Tips to Think Like a Seismologist! This blog was originally posted in 2015. Earthquakes have the potential to cause major destruction and disruption to society. Damage caused by earthquakes can be catastrophic and can have both a humanitarian and financial impact. So when an earthquake occurs, ha...

June 13, 2019

CoreLogic Hurricane Model Certified by Florida Commission on Hurric...

In 1992, Hurricane Andrew devastated the Florida coast, damaging more than 280,000 homes and triggering more than $17 billion in insurance payouts (1992 dollars). Eleven insurance companies went bankrupt from Hurricane Andrew[1]. Fear and uncertainty about the future of the catastrophe insur...