CoreLogic News

CoreLogic: Insured Wind and Flood Losses from Milton $17B to $28B, Property Restoration Difficult

Estimates released on Wednesday from CoreLogic show that insured wind and flood losses from Hurricane Milton are expected to be between $17 billion and $28 billion. CoreLogic’s estimate comes as Moody’s RMS Event response updated its estimate, which shows total …

Report: 2.6M Homes with a Cost of $1.3 Trillion at Moderate to Very High Risk of Wildfire

More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, a new report shows. The 2024 CoreLogic Wildfire Risk …

California Wildfire Outlook: ‘A Challenging Season for Firefighters’

While the official start to California’s wildfire season is still a ways off, the best forecast of what’s ahead may be to look back on the year so far, and so far it’s been far busier for firefighters than last …

Report: 1K-Plus Properties Damaged, Destroyed in New Mexico Wildfires Could Cost $370M

More than 1,000 residential properties in New Mexico may have been damaged or destroyed by wildfires in New Mexico, according to property data firm CoreLogic. “Multiple, active wildfires in south-central New Mexico potentially impacted approximately 1,300 residential properties with a …

Experts: Atlantic Hurricane Season Potential on Par with 2005, 1995

Atlantic hurricane risk in the U.S. continues to increase “substantially as oceanic and atmospheric conditions reach a point where tropical cyclone formation” is becoming increasingly favorable, putting the season’s outlook on par with some past massive and destructive seasons, storm …

32.7M Homes at Risk of Hurricane Damage, Report Shows

More than 32.7 million residential properties are at risk of moderate or severe damage sustained from hurricane-force winds from Texas to Maine, a new report shows. The large number of at-risk homes in CoreLogic’s 2024 Hurricane Risk Report, which comes …

The Top 15 U.S. Metros with High Exposure to Wildfire Risk

The number of wildfires per year is going down, but the increasing size and intensity of the fires is creating more property damage than ever before – in fact, the average fire size has tripled over the past 30 years, …

Report: Late April Tornadoes Affected 7K Properties with Reconstruction Cost of $2.1B

The tornadoes that swept through the Great Plains on April 26 and 27 damaged and destroyed roughly 7,000 homes and businesses with a combined reconstruction cost of $2.1 billion, according to an estimate released this week. Multiple severe convective storms …

650,000 Residential Properties Hit by Severe Hail in Central US Storms

A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to speculate if warmer winter weather is behind the storm outbreak. As parts of the Midwest recover from the March 13-14 …

CoreLogic: 2-inch-Plus Hail Fell on 10M U.S. Homes in 2023

Last year saw 141 days with large hail (2 inch or greater)—the highest number of days in 20 years, according to a new report by CoreLogic. The 2024 Severe Convective Storm Report details how severe thunderstorm risk is growing in …