Coverage Gap

April 12, 2021

Protecting Vulnerable Communities: Two Major Opportunities to Insur...

70% of Damage from Flooding is Uninsured Every one of the approximately 125 million occupied homes in the U.S. has some degree of risk of flooding. While over 7 million U.S. homes have the potential to flood from hurricane storm surge, over 10 million additional homes are exposed to flood ri...

April 7, 2021

How to Predict Fire Insurance Losses

Focus on Probability of Fire Instead of Proximity to Fire Departments With the coronavirus pandemic resulting in more Americans working, playing and schooling from home than ever before, many are now spending an additional 8.5 hours per day in their homes. And as college students and family membe...

March 30, 2021

How Underwriters Can Minimize the Coverage Gap

Climate Change Underscores Importance for Accurate Quoting With natural catastrophe events becoming more frequent and more severe, many insurers are looking for ways to ensure that their portfolios are properly covered. Total losses are on the rise, and coverage gaps can mean a higher potential f...

September 24, 2020

2020 Insurance Coverage Adequacy Report

In this interactive map report, CoreLogic examines two use cases that identify opportunities for Insurers to offer flood insurance to underinsured homeowners at risk of flooding: Storm Surge Along Atlantic and Gulf Coast of US inside and outside Special Flood Hazard Areas (SFHA). Inland Flooding ...

June 26, 2020

Three Reasons Parametric Insurance is Our Future

As climate change continues to alter the atmosphere and increase the severity and frequency of natural catastrophe events, insurers across the nation are considering new ways to improve their underwriting and claims operations. Excessive losses from these severe events have led them to adopt para...