Insurance

April 22, 2021

Climate Change Unpacked: What Caused the Texas Freeze?

As climate change continues to alter our atmosphere, extreme weather is becoming a more frequent occurrence across the world. From February 14 to 18, 2021, much of the U.S. experienced one of the coldest snaps on record. The National Weather Service reported frigid Arctic air and dangerously cold...

March 29, 2021

10 Years Later: The Great Tohoku Earthquake

Located in one of the most seismically active regions of the world, Japan is no stranger to earthquakes. Ten years ago today, on March 11, 2011, a magnitude (M) 9.0/9.1[1] earthquake occurred on the Japan Trench. It was the fourth most powerful recorded earthquake in the world. This event wo...

December 14, 2020

An Introduction to the National Flood Insurance Program

A Q&A with Scott Giberson Q: What is the NFIP? A: The National Flood Insurance Program (NFIP) is a program established by the U.S. Congress in 1968. The NFIP has two primary purposes: to share the risk of flood losses through flood insurance and to reduce flood damages through ...

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...

May 26, 2020

The Top Four Challenges Facing the Property and Casualty Insurance ...

The insurance industry is one of the oldest industries in the world, dating back to the third and second millennia B.C. An industry with such deep roots in human civilization has thrived by continually transforming to changing circumstances. Still, the insurance business faces unique obstacles to...

April 23, 2020

The Benefits of Modern Weather Verification

The roof is a home’s primary protection and first line of defense against natural weather hazards like hail, wind, fire and tornadoes. It shelters the structure beneath it – as well as the individuals that inhabit it. Given the roof’s massive role in protecting properties and people, it’s no surp...

April 6, 2020

Important Information About the California Department of Insurance’...

Six things to know about the recent impasse between regulators and insurers in the aftermath of California’s devastating wildfires After catastrophic wildfires swept across California in 2017 and 2018, state insurers were hit with record-breaking losses of over $25 billion.1 2 With three mil...

March 24, 2020

Think Like a Seismologist

Do you ever hear that an earthquake has occurred and wonder if it will be damaging? Or wonder why you’ll hear that a Magnitude 6 earthquake caused a lot of damage, but a Magnitude 7 did not? Today I’ll offer some insights on how to think about earthquakes like a seismologist. The first ...

November 4, 2019

Top 15 Metro Areas with Wildfire Risk

Over the past several years, the United States has experienced record-breaking wildfires. In 2018 alone, a total of 8,767,492 acres burned – an area roughly equivalent to 74 of the 75 largest cities in the United States combined. This is the sixth-highest total since modern historical records beg...

September 27, 2019

Rebuilding from Hurricane Dorian

A Lesson for Communities Everywhere Hurricane Dorian, the strongest tropical cyclone to ever to hit the Bahamas, impacted the islands with hurricane-force winds from September 1 to 3 of 2019. Dorian was a Category 5 storm with maximum sustained winds of 185 mph, the strongest of which affected th...

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 ...