Record losses of $13B across California
2017 was a catastrophic year for wildfires across the United States, particularly in the Napa/Sonoma area and in Southern California. Over 10 million acres burned in total, and countless lives and property were lost. Unlike other natural hazards which may not occur every year, wildfire damage is expected annually—the only questions are where and to what extent.
These catastrophic losses underscore the need to quantify risk potential to support risk transfer requirements and capital adequacy for insurers.
[NEW] 2019 Wildfire Risk Report
Over the past several years, the United States has experienced record-breaking wildfires. In 2018 alone, 8,767,492 acres burned, roughly equivalent to 74 of the 75 largest cities in the United States combined. This is the sixth highest total since modern historical records began in the mid-1900s.
The CoreLogic® 2019 Wildfire Report provides insights into single-family and multifamily residential properties at risk of damage from wildfires in the United States.
Don’t play with fire
The U.S. Wildfire Model includes robust hazard definition, comprehensive agents of damage, local vulnerability functions, variable import resolution, detailed financial modeling, flexible reporting, and expert review.
Both burn and smoke damage is accounted for, and more than 3.5 million stochastic events are incorporated.
Our U.S. Wildfire Model data allows you to more accurately:
- Account for both burn and smoke damage
- Support a full range of structure types and accounts for roof types and perimeter clearance
- Account for variations in fuel loads with Adjustable Hazard
- Make decisions knowing your data is validated with claims data from historical events
Structural Risk and Valuations
Rather than rely on a standard industry percentage, get detailed intelligence on the structural risk and value of properties in your portfolio to ensure that your clients are not over or under-insured.learn more
Natural Hazard and Catastrophe
Assess your market position by accessing reports and data that give you a complete view of the risk to your portfolio.learn more
Roof Condition Solutions
CoreLogic offers tools to help you assess the roof conditions of prospective clients from your desktop.learn more