CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, today released its first ever Natural Hazard Risk Summary and Analysis detailing the record-breaking natural disasters that struck the United States in 2011. The report provides an analysis of significant hurricane, wildfire, tornado, flood and earthquake events, as well as a summary of potential risk in 2012 and the implications of unexpected changes in natural hazard frequency, intensity and geographic patterns.
Compiled by the CoreLogic Spatial Solutions business, the report provides an overview of the billions of dollars in property damage caused by these catastrophic events, while summarizing their structural, geographic and financial impact on the United States.
“Weather-wise, it has certainly proven to be a memorable year in the United States and around the world. In fact, the National Oceanic and Atmospheric Administration just released its total cost estimate of $52 billion and counting in damages resulting from natural disasters,” said Dr. Howard Botts, executive vice president and director of database development for CoreLogic Spatial Solutions. “Several major urban areas faced unexpected catastrophes in 2011, putting disaster readiness plans and emergency response teams to the test and causing severe damage in regions underprepared for unusual weather events. As a result, homeowners, insurers, government officials and even the news media have been forced to rethink the way they view, plan for and react to natural hazards.”
Among key findings, the CoreLogic 2011 Natural Hazard Risk Summary and Analysis report notes:
“The natural disasters felt throughout the country this year will undoubtedly shape the nation’s response to these events in 2012,” said Dr. Botts. “The catastrophes we experienced as a nation have already impacted and will continue to impact the policies, procedures and safety measures in place for many homes and businesses. The year 2011 was a year that informed the general understanding of risk and, hopefully, will lead to improved preparedness for years to come.”
CoreLogic generated findings for the first annual Natural Hazard Risk Summary and Analysis mining the company’s comprehensive parcel database and natural hazard risk analytics as well as data from the National Climatic Data Center and NASA.
For a complete copy of the CoreLogic 2011 Natural Risk Summary and Analysis Report, which includes maps, charts and images, visit http://www.corelogic.com/2011NaturalRiskSummary.
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif., has more than 5,000 employees globally. For more information visit www.corelogic.com.
CoreLogic and the stylized CoreLogic logo are registered trademarks owned by CoreLogic, Inc. and/or its subsidiaries. No trademark of CoreLogic shall be used without the express written consent of CoreLogic.
Allyse SanchezINK Communications925-548-2535 firstname.lastname@example.org