CoreLogic First to Acquire Key Database in California Wildfire Mitigation Assessment
IRVINE, Calif., July 21, 2023 — CoreLogic®, a global leader in property information, analytics and data-enabled solutions, is the first company to incorporate a key database into its Wildfire Mitigation Score™(WFMS™) reflecting the mitigation factors mandated by the California Department of Insurance (CDI) Section 2644.9. The incorporation of this data streamlines the identification process for carriers and policyholders, while simultaneously promoting awareness of proactive measures homeowners can take to safeguard their properties against wildfires.
In August 2023, CoreLogic will become the first company known to incorporate the Public Resource Code (PRC) 4291 inspection data into its WFMS. This data will enhance the CoreLogic science-driven prefill solution by providing carriers with important mitigation information to support policyholders.
The CoreLogic deterministic Wildfire Mitigation Score (WFMS), ranging between 0.1 to 100, enables insurers and reinsurers to consider the 12 mandatory mitigation factors mandated by the CDI. Developed with the utilization of artificial intelligence (AI) and machine learning (ML), CoreLogic’s deep property data and wildfire expertise, WFMS assists insurers in assessing wildfire risk, maintaining compliance and providing policyholders with essential wildfire mitigation information.
Traditionally, insurers relied on policyholders to provide proof of passing inspection. With the integration of the inspection data into WFMS, insurers now have access to crucial wildfire mitigation information that assists insurers with CDI compliance and empowers insurers with property-specific insights.
The inspection database, maintained by the California Department of Forestry and Fire Protection (CAL FIRE), dates back to 2016. Homeowners and business owners can request CAL FIRE to complete an inspection at their location online. This program emphasizes the importance of maintaining adequate defensible space to impede or halt the progression of fires, ensuring the safety of firefighters on the ground. In certain cases, an inspection may be required upon the sale of a property, depending on its location.
CoreLogic’s integration of the data into WFMS not only relieves carriers and policyholders of the burden of identifying its applicability but also fosters awareness of the actions individuals can take to create more wildfire-resilient communities. This data plays a vital role in enabling the success of insurers in California while promoting the overall safety and resilience of California communities.
For more information about CoreLogic and its solutions, please visit Wildfire Mitigation Score | CoreLogic®.
CoreLogic is a leading provider of property insights and innovative solutions, working to transform the property industry by putting people first. Using its network, scale, connectivity and technology, CoreLogic delivers faster, smarter, more human-centered experiences that build better relationships, strengthen businesses, and ultimately create a more resilient society. For more information, please visit www.corelogic.com.
CORELOGIC®, Wildfire Mitigation Score™, and WFMS™ are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.