CoreLogic Launches First-of-Its-Kind Tornado Path Maps Solution

The solution allows insurers to map their books of business against tornadic events with unprecedented speed and precision, giving policyholders a faster claims process.

(Image source: CoreLogic.)

CoreLogic (Irvine, Calif.), a global property analytics solutions provider, as announced the launch of Tornado Path Maps, which the vendor pitches as the only solution available on the market that delivers precise damage exposure data from a tornadic event within minutes—an analysis that can take up to two days to complete using other methods. Using the new solution, insurers benefit from the ability to anticipate claims volume and adjuster deployment for streamlined claims processing, allowing policyholders to get the support they need faster than ever before, according to the vendor.

Curtis McDonald, senior professional product management and meteorologist, CoreLogic Weather Verification Services.

CoreLogic reports that Tornado Path Maps offers a data layer updated every 15 minutes following a tornado, displaying area probabilities (from 10 percent up to 90 percent) of tornadic damage. In addition to allowing insurance carriers to quickly calculate claims needs, this parcel-level exposure analysis means emergency responders, utility companies, transportation departments and others will be able to quickly determine resource allocation and deployment to begin offering on-the-ground support to the people and properties affected, CoreLogic’s announcement says.

“Until now, understanding exposure from tornadoes has been a daunting challenge for most insurers, as typical ground-based observations and reporting are hampered due to infrastructure damage when a tornado moves through an area,” comments Curtis McDonald, senior professional product management and meteorologist, CoreLogic Weather Verification Services. “These challenges can create frustrating policyholder experiences. Our goal with Tornado Path Map is to enable insurers to efficiently and accurately identify customers under duress immediately following tornadic storms, meaning they’re able to assist with communications and swift response to help their policyholders in need.”

Tornado Path Maps is based on the proprietary CoreLogic Tornado Verification Model, which combines a novel comprehensive approach to using all available radar data, as well as public and social media reports, backed by the expertise of experienced meteorologists, according to the vendor announcement. “The end result is the Tornado Verification Model that consistently provides 250-meter resolution with neighborhood-level detail across most of the United States,” the statement says.

Holistic, Single-Vendor Weather Peril Solutions

Tornado Path Maps fits within the CoreLogic Severe Convective Storm suite of solutions, which also offers forensics on hail, wind and lightning. CoreLogic characterizes the suite as addressing insurer’s increasing appetite for seek holistic, single-vendor weather peril solutions that interface seamlessly with their workflow processes and enable a comprehensive view of risk and response.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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