CoreLogic’s Acquisitions Portend Rapid Business Evolution in Property Insurance

…ces capabilities – builds upon the company’s 2012 acquisition of CDS Business Mapping, which brought CoreLogic the RiskMeter Online solution. While the MSB deal was still under regulatory review – and still is according to a CoreLogic spokesperson – CoreLogic went forward with its acquisition of CAT modeler EQECAT in late December 2014. Mark Breading, SMA. Steve Kaye, a senior researcher with Novarica, sees CoreLogic’s EQECAT acquisition within…

CoreLogic Rates Risk of Property Damage Loss from Natural Hazards by U.S. State

(CoreLogic Hazard Risk Score map, based on geocoded locations measuring 10 x 10 meters. Source: CoreLogic.) CoreLogic has released an analysis ranking U.S. states for highest risk of property damage caused by nine natural hazards. Florida scored highest in the analysis derived from the CoreLogic Hazard Risk Score (HRS), an analytics tool launched this month that gathers data on multiple natural hazard risks and combines them into a single…

CoreLogic Acquires Myriad to Create Insurance Underwriting Transformation Platform

…g acquisition to date, Myriad Development (Austin, Texas), which will take CoreLogic from being a provider of data to being a competitor in the underwriting platform space. Steve Brewer, SVP, Insurance and Spatial Solutions, CoreLogic. Becoming a platform provider makes CoreLogic a different kind of provider, according to Donald Light, director in Celent’s (Boston) North America Property/Casualty practice. “Now CoreLogic now gets to go…

CoreLogic Says Jackson, Miss. No. 1 in Windy City Rankings

…vendor says that its wind verification technology allows insurance professionals to verify if and when severe winds were detected at or near a specific location in order to make more precise damage assessments. (Related: New CoreLogic Wind Verification Technology Enables Precise Claims-Related Reports) The CoreLogic Windy City Ranking uses proprietary wind verification technology to evaluate wind speeds and distinct wind events in 293 U.S….

$986b in Storm Surge Risk Concentrated in 15 Locales, CoreLogic Analysis Finds

…y areas at risk for both freshwater flooding as well as storm surge, based on the likelihood of either a 100-year or 500-year flood event. They do not differentiate risk based on storm severity, and as a result, according to CoreLogic, do not effectively define the total extent of the risk possible along coastal areas. CoreLogic’s analysis lists compares homes that are not located within FEMA 100-year floodplains against the number of homes…

CoreLogic Launches SkyMeasure Mobile App for Roofing Data

…le also increasing access for roofing and insurance professionals to ParcelPoint, the CoreLogic proprietary property parcel database, according to the vendor. Andrew Zickell, Senior Director, Strategic Business Intelligence, CoreLogic. CoreLogic says that the mobile extension of SkyMeasure increases the ease and convenience of accessing roofing data on a real-time basis for field professionals, especially since reports can be generated quickly…

CoreLogic Releases New EQECAT Catastrophe Modeling Platform and Risk Models

…deliver a more comprehensive, highly credible analysis of key drivers of hazard risk at various levels of exposure around the globe, from across regional borders to individual site levels,” comments Dr. Mahmoud Khater, CoreLogic’s chief science officer for catastrophe modeling. CoreLogic says that the updated EQECAT RQE v15.0 platform also offers significant enhancements to user interface, reporting options and workflow management tools….

CoreLogic Expands Location-Based Intelligence to Include Building Footprint Data 

…d outline of relevant structures on a parcel, including all known sub-addresses, to provide a more granular and precise property description, according to the vendor. Steve Brewer, senior VP, Insurance and Spatial Solutions, CoreLogic. CoreLogic residential and commercial structure footprint data covers more than 35 million rural and urban parcels throughout the U.S, including two-thirds of the largest 50 metro areas, the vendor reports. When…

CoreLogic Analytical Tool Helps Insurers Identify and Mitigate Flash Flood Risk

…included in FEMA flood maps, and because a flash flood can happen so fast, there is often little time to prepare or mitigate against this type of event, resulting in extensive property damage. The Flash Flood Risk Score from CoreLogic will allow insurers to be able to identify and mitigate flash flood risk in areas that are not mapped for flood risk of any type.” CoreLogic argues that the availability of a highly predictive flash flood analytic…

New CoreLogic Wind Verification Technology Enables Precise Claims-Related Reports

…and when severe winds were detected at or near a specific location in order to make more precise damage assessments and, in some cases, avoid an on-site inspection. Lindene Patton, Global Head of Hazard Product Development, CoreLogic. CoreLogic touts the technology as a breakthrough for insurers because they previously had to rely on airport-based and private weather observation station measurements; these tend to be specific to the weather…