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48,390 Homes at High or Extreme Risk from Destructive California Wildfires, CoreLogic Finds

November 12, 2018

IRVINE, Calif.--(BUSINESS WIRE)--Nov 12, 2018--CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data analysis showing 48,390 homes with a total reconstruction cost value (RCV) of approximately $18 billion are at high or extreme risk of wildfire damage from the Camp and Woolsey fires in Northern and Southern California.

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CoreLogic: California Wildfire Risk and Reconstruction Values, November 2018

The tables above break down the risk for each fire and the corresponding ZIP codes affected as well as the RCVs for properties in each area. RCVs represent the cost to completely rebuild a property in the worst-case scenario of total destruction of the structure, including labor and materials by geographic location. While other hazards may cause partial destruction but rarely eliminate an entire property, wildfire events are more likely to cause total loss to structures affected.

Understanding the data:

Due to the unpredictable nature of wildfires and the presently evolving disaster in California, not all homes in the ZIP codes provided are currently within the burn perimeter of these fires. It is also important to note that not all structures within a fire perimeter will suffer damage or be destroyed by the fire. To get a sense of scale of how much of each ZIP is currently affected by the fires at this point in time, contact a CoreLogic media representative at newsmedia@corelogic.com. CoreLogic will run a post-fire analysis to provide an accurate assessment of losses and destruction.

Following the containment of the wildfires, CoreLogic will assess the damage and provide a post-catastrophe loss estimate for these areas. For more information visit the CoreLogic natural hazard risk information center, Hazard HQ™, at www.hazardhq.com to get access to the most up-to-date wildfire data and see reports from previous catastrophes.

Methodology

The CoreLogic Wildfire Risk Score is a deterministic wildfire model which is as comprehensive as it is granular. It covers 15 states: Alaska, Arizona, California, Colorado, Florida, Idaho, Montana, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington and Wyoming. It evaluates the risk of a property to wildfire by returning an easy-to-understand, normalized 5 to 100 score, giving insight into the potential risk of a wildfire. It considers slope, aspect, vegetation/fuel, and surface composition as well as proximity to higher risk areas that could affect the property via windblown embers. These factors are all weighted differently and combine to form the score.

Source: CoreLogic

The data provided are for use only by the primary recipient or the primary recipient’s publication or broadcast. This data may not be resold, republished or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data is illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or website. For questions, analysis or interpretation of the data, contact Alyson Austin at newsmedia@corelogic.com or Caitlin New at corelogic@ink-co.com. Data provided may not be modified without the prior written permission of CoreLogic. Do not use the data in any unlawful manner. This data is compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

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.

CORELOGIC, the CoreLogic logo and Hazard HQ are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181112005758/en/

CONTACT: CoreLogic

Alyson Austin

Corporate Communications

949-214-1414

newsmedia@corelogic.com

or

INK Communications

Caitlin New

512-906-9103

corelogic@ink-co.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: INTERIOR DESIGN PROFESSIONAL SERVICES LANDSCAPE URBAN PLANNING INSURANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: CoreLogic

Copyright Business Wire 2018.

PUB: 11/12/2018 04:08 PM/DISC: 11/12/2018 04:08 PM

http://www.businesswire.com/news/home/20181112005758/en

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