CoreLogic’s Acquisitions Portend Rapid Business Evolution in Property Insurance

(Photo source, U.K. government.) Moves by the likes of Google raise profound questions about the long term future of the insurance industry. However, more immediate threats – and opportunities – in the property insurance realm are emerging from the consolidation of insurance data service providers, as exemplified by CoreLogic’s recent acquisitions. As property insurers feel pressure to underwrite to a profit, data service providers are…

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

(Image credit: AdobeStock.) CoreLogic (Irvine, Calif.) has been showing the way with the use of increasingly precise geo-data for insurance underwriting, and has in recent years acquired a series of important insurance-focused vendors to boost its capability. This week the company announced perhaps the most interesting acquisition to date, Myriad Development (Austin, Texas), which will take CoreLogic from being a provider of data to being a…

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

(CNA’s headquarters on South Wabash Ave., Chicago, lighted to honor the Cubs’ participation in the 2015 playoffs.) Adding to the indignity of the Cubs losing to the Mets in the playoffs, CoreLogic has left Chicago off the top ten of its Windy City Ranking. The vendor reports that the latest data identifies Jackson, Miss., as the windiest city in the United States, followed by Springfield, Mo., Boston, Cambridge, Mass., and Shreveport, La. See…

CoreLogic Updates Risk Quantification and Engineering Solutions Amid Increasing NatCat Losses

(Image credit: Adobe Stock.) CoreLogic (Irvine, Calif.), a global provider of property information, analytics and data-enabled solutions, has released RQE (Risk Quantification and Engineering) solution v.18, which includes U.S. Wildfire and U.S. Severe Convective Storm models to answer the mortgage and insurance industries’ increasingly comprehensive risk assessment needs. The company also announced significant updates to its U.S. Inland Flood…

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

(Aerial view of Jersey City, N.J., which along with New York and Newark, falls within an area where 68 percent of homeowners at risk of flood or surge inundation are not required to carry flood insurance. Photo credit: Gryffindor.) Property data services provider CoreLogic’s 2014 storm surge analysis, released today, found that more than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation,…

CoreLogic Launches SkyMeasure Mobile App for Roofing Data

(Photo credit: Marco Leiter.) CoreLogic (Irvine, Calif.), a provider of property information, analytics and data-enabled solutions, has announced the launch of its mobile application for SkyMeasure, a residential and commercial aerial roof measurement service. The mobile application uses the same advanced geocoding technology as the desktop version, while also increasing access for roofing and insurance professionals to ParcelPoint, the…

CoreLogic Expands Flood Hail Lightning Solutions for Canada

(The Centre Street Bridge in Calgary, during the Alberta floods of 2013. Photo credit: Ryan L. C. Quan.) CoreLogic (Irvine, Calif.), a provider of property information, analytics and data-enabled solutions to the insurance industry, has announced the availability of its Canada Flood Risk Score and its Weather Verification Services for hail in Canada. The CoreLogic Flood Risk Score is a rating system based on over a decade of experience designed…

CoreLogic Releases New EQECAT Catastrophe Modeling Platform and Risk Models

(Print of Great Wave off Kanagawa, by Katsushika Hokusai, Metropolitan Museum of Art.) CoreLogic (Irvine, Calif.) has released a new version of its EQECAT natural catastrophe (CAT) modeling platform, which contains three new proprietary risk models that the vendor says quantify and analyze the potential financial impact of catastrophic natural hazards in peak exposure regions across the globe. The expansion of natural CAT risk analysis on the…

CoreLogic Analytical Tool Helps Insurers Identify and Mitigate Flash Flood Risk

(Photo credit: Karen Blakeman.) Information and data services provider CoreLogic has launched CoreLogic Flash Flood Risk Score, a new data analytics tool designed to inform insurers of the overall projection of flash flood risk beyond established Federal Emergency Management Agency (FEMA) floodplains. CoreLogic’s new offering fits within a trend of data providers to the P&C industry innovating in the direction of more precise and specific…