IRVINE, Calif., Jan. 3, 2013—CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, today released its annual Natural Hazard Risk Summary and Analysis detailing the most significant natural disasters that struck the United States in 2012. The report provides an analysis of the impact of hurricane, flood, wildfire and tornado events over the course of the year, as well as a summary of potential risk from natural hazards in 2013.
Compiled by CoreLogic spatial science experts, the report summarizes the structural, geographic and financial impact of natural disasters that caused billions of dollars in property damage across the U.S. over the course of the year.
"Hurricane Sandy was, without a doubt, the single most destructive natural hazard event of 2012, due to the combination of environmental elements that created what the National Oceanic and Atmospheric Association (NOAA) called a 'Frankenstorm,'" said Dr. Thomas Jeffery, senior hazard scientist for CoreLogic. "The unusually broad span of the storm's reach, its intersecting path with a nor'easter and its landfall at high tide led to disastrous levels of storm surge, pushing flood waters far overland and causing widespread destruction along the coast that could total as high as $50 billion."
Among key findings, the CoreLogic 2012 Natural Hazard Risk Summary and Analysis notes:
"Because the strength, severity and geographic impact of natural disaster events will change from year to year, an understanding of patterns in hazard activity, geographic vulnerabilities and the properties exposed to each different type of disaster is crucial to managing risk," said Jeffery.
CoreLogic generated findings for the Natural Hazard Risk Summary and Analysis using the company's comprehensive parcel database and natural hazard risk analytics, as well as data from reputable sources, such as the National Climatic Data Center, NASA, EQECAT, Inc., and the National Weather Service.
For a copy of the 2012 CoreLogic Natural Hazard Risk Summary and Analysis, which includes maps, charts and images, visit http://www.corelogic.com/downloadable-docs/corelogic-2012-natural-hazard-risk-summary-and-analysis.pdf.
CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in the United States and Australia. The company's combined data from public, contributory, and proprietary sources includes over 3.3 billion records spanning more than 40 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, transportation and government. 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 seven countries. For more information, please visit www.corelogic.com.