CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its 2021 CoreLogic Climate Change Catastrophe Report, revealing over 14.5 million single- and multifamily homes were impacted by the largest natural catastrophe events of 2021, with an estimated $56.92 billion in property damage. This year’s report analyzed thirteen major hazard events of… Continue reading Climate Change Catastrophe Report Estimates 1 in 10 U.S. Residential Properties Impacted by Natural Disasters in 2021
Tag: property damage
Hurricane Sally Insured Loss from Onshore Property Estimated at $2B: KCC
Catastrophe risk modeler Karen Clark & Company (KCC) has estimated hurricane Sally’s insured losses from onshore properties at around $2 billion. The estimate includes privately insured wind and storm surge damage to residential, commercial and industrial properties. The estimate does not include losses from NFIP, offshore assets, or any potential impacts from the COVID-19 pandemic.… Continue reading Hurricane Sally Insured Loss from Onshore Property Estimated at $2B: KCC
Virus-Hit Cities in Hurricane Zone Get Moody’s Warning on Risks
American states and cities are dealing with disease, economic collapse and civil strife in the streets. For those in the southeast, Mother Nature’s coming next. Moody’s Investors Service says this year’s hurricane season poses increased risks for state and local governments along the Atlantic and Gulf coasts that are still struggling to recover from the… Continue reading Virus-Hit Cities in Hurricane Zone Get Moody’s Warning on Risks
Insurance Relief for Riot-Impacted Businesses
Well-reported incidents of rioting nationwide have resulted in extensive damage to business premises, inventory and other property. In addition, government-instituted curfews or shutdown orders have interrupted businesses, causing commercial enterprises to lose income. Many managers assume their insurance policies exclude riot-caused damage. Typically, this is not the case. Insurance coverage for property damage and lost… Continue reading Insurance Relief for Riot-Impacted Businesses
Protests Derail Comeback Plans for Restaurants and Retailers
Macy’s Inc. delayed the reopening of some stores shut by the coronavirus pandemic. Apple Inc. stores that had recently unlocked their doors were boarded back up. Chains from Kroger Co. to Popeyes have cut back their hours. And the CEOs of Starbucks Corp. and McDonald’s Corp. organized companywide discussions of the social unrest that has… Continue reading Protests Derail Comeback Plans for Restaurants and Retailers
Total Damage to Property from Tennessee Tornado Outbreak Expected to Exceed $1 Billion
A line of severe thunderstorms that stretched across the U.S. Southeast produced deadly tornadoes in Nashville, Tennessee around 2 AM local time on March 3, 2020. More than 20 fatalities have been reported as the search through damaged properties continues. Our thoughts are with those impacted by the devastating Nashville tornado outbreak. Tornadoes can occur… Continue reading Total Damage to Property from Tennessee Tornado Outbreak Expected to Exceed $1 Billion
Dallas Records Costliest Tornado Loss in Texas History
After the National Weather Service confirmed that a total of nine tornadoes touched down in and around Dallas County, ICT has estimated insured damages at $2 billion dollars. Preliminary projected estimates include over 30,000 auto and home claims. Commercial and business claims projections are still coming in at this time and the financial impact may… Continue reading Dallas Records Costliest Tornado Loss in Texas History
‘Disaster After the Disaster:’ Fighting Insurance Over Tornado Damage
Insurance companies have become an obstacle to some people rebuilding from the Memorial Day tornadoes, a Dayton Daily News investigation found. The Dayton Daily News used Ohio public records laws to obtain all insurance complaints filed in Montgomery, Greene and Miami counties and identified 41 related to the Memorial Day tornadoes. Of those, a common… Continue reading ‘Disaster After the Disaster:’ Fighting Insurance Over Tornado Damage
Tornado Cuts through Kansas City Area Leaving Path of Destruction
A powerful tornado chewed across the Kansas City, Kan., area for more than an hour Tuesday evening, damaging homes, downing trees and injuring at least 12 people, officials said. The storm cut a path of destruction for at least 35 miles from Overbrook, Kan., to Bonner Springs, Kan., said Jonathan Kurtz, a meteorologist with the… Continue reading Tornado Cuts through Kansas City Area Leaving Path of Destruction
Tornadoes Leave Trail of Destruction in Ohio
Powerful tornadoes swept through Ohio Monday night, leaving a path of destruction in Dayton and at least one person dead in a small town 60 miles to the north, officials said. The storm that struck the north side of Dayton hit around 11 p.m., National Weather Service officials said, leaving a miles-long path of devastation… Continue reading Tornadoes Leave Trail of Destruction in Ohio