Thursday, August 9, 2018

CoreLogic Creates New Natural Hazard Risk Site

Irvine-based property and insurance information provider CoreLogic announced this morning that it is launching a new resource, HazardIQ, to provide better information on the risks that natural catastrophes pose to properties across the country. CoreLogic explains that the new site comes as a result of increase in natural catastrophes such as the Northern California wildfires. According to CoreLogic, the new "information hub" will offer individuals, media and companies high-level analyses and up-to-date data insights on the immediate risks natural catastrophes pose to properties across the country. CoreLogic said the site will focus on risks from earthquakes, floods, hurricanes, severe convective storms, wildfires, wind and volcanic activity. The information recently posted on the site include a breakdown of the number of properties at risk in the Mendocino Complex fires near Redding, showing that Redding has 3,596 structures at either a High or Very High Risk, and the associated reconstruction cost value is around $1.3 billion for those areas.

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