MEDIA ADVISORY
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Harvey (2017) | Celia (1970) | Ike (2008) | |
Total (In billions of dollars) | 1-2 | 3 | 11 |
Storm Surge (Percent of total insured losses) | Less than 5% | Less than 5% | Less than 5% |
Wind (Percent of total insured losses) | More than 95% | More than 95% | More than 95% |
Methodology
The CoreLogic North Atlantic Hurricane Model was used to create wind and storm surge damage footprints for Hurricane Harvey using the track forecast data from the August 25, 10:00 am CT advisory issued by the National Hurricane Center. The insured loss data was analyzed in the North Atlantic Hurricane Model to ascertain the expected loss range from the Hurricane Harvey event footprint in the model. The model provides a granular, up-to- date, detailed risk assessment for the combined perils of hurricane winds and coastal storm surge flooding. The model has been certified by the Florida Commission Hurricane Loss Projection Methodology (FCHLPM) since the inception of the process in 1997.
About CoreLogic
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit
www.corelogic.com.
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