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 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...

May 16, 2019

Challenges Affecting Appraisals After a Natural Disaster

Each year, homeowners around the country endure catastrophic events such as floods, wildfires, hurricanes, tornadoes, and earthquakes. These events can be highly destructive to homes, especially when they occur suddenly. In the aftermath of a disaster, appraisers and assessors often find themselv...

April 18, 2019

NAHREP Wealth and Real Estate Conference

Hispanic households increased their rate of homeownership for the fourth year in a row, growing to 47.1 percent in 2018 from a low of 45.4 percent in 2014.[1] Additionally, the popularity of low down payment mortgages amongst Hispanic and Latinos is perhaps due to a simple fact: on average, ...

September 28, 2018

The Impact of Natural Catastrophe on Mortgage Delinquency

2018’s Hurricanes and Wildfires Expected to Increase Serious Delinquency Rates The California wildfires of 2017 were some of the most destructive wildfires on record and 2018 is shaping up to be even more destructive.  In 2017 a total of 9,133 fires burned and damaged more than 10,000 struct...

September 17, 2018

Kilauea’s Lava Lessons

Understanding the Risk a Volcano Poses The Hawaiian Islands are a lush tropical paradise with palm trees, beaches, and breathtaking active volcanoes. Their very makeup intrigues many, but it is also the source of potential catastrophe. The Island of Hawai’i, commonly referred to as the Big Island...

August 29, 2018

A Tale of Two Hurricanes: Lane & Iniki

Hurricane Lane, ultimately, a low impact storm On September 11, 1992, Hurricane Iniki struck Kauai, causing over $3 billion in damage and six deaths. It was the second and final named hurricane to make landfall in Hawaii since Hurricane Dot in 1959. Hawaiian landfalling hurricanes are historicall...

June 11, 2018

The Hidden Force of a Hurricane

Storm Surge and the Communities in its Crosshairs As summer approaches along the Gulf and Atlantic coasts, residents prepare for the hurricane season ahead. The Atlantic hurricane season – June through November (though known to start as early as January in past years) – has devastated commun...

April 17, 2018

What is the purpose of Hazard HQ and who is it designed for?

Hazard HQ’s purpose is to arm our core audience of insurers, mortgage professionals, and media with information that allows them to make educated decisions that help people most effectively protect their homes, businesses, and families. Here at Hazard HQ™ you’ll find press releases, explanations ...

March 3, 2017

Earthquake Risk: Spotlight on Probabilistic Loss Modeling

Loss Estimation Requires More than Hazard Science Catastrophic risk models and analytics are commonly used by the insurance, reinsurance, financial and mortgage industries to help understand and quantify risk exposed to natural catastrophes including earthquakes, hurricanes, floods, wildfires and...

October 19, 2015

The Winds of Change are Blowing

Technology Tracks Wind at the Property Level, Providing More Precise Data Everyone knows Chicago is the Windy City, or is it? According to new data released today by CoreLogic® that measures wind activity at the metro level, it turns out Jackson, MS, a city less than 15 percent the size of Chicag...