2019 CoreLogic Wildfire Risk Report Highlights U.S. Wildfire Vulnerability, Finding Nearly 776,000 Homes at Extreme Risk of Wildfire Damage This Year - Seite 2

“The past few years of wildfire activity tell us we’re not only seeing a continuation of the intense fires and associated destruction in the United States, but an escalation of these events,” said Shelly Yerkes, wildfire senior product manager at CoreLogic. “The continuing presence of the factors responsible for recent wildfires are an ominous indicator that the coming years could see more of the same record-breaking destruction.”

For an interactive version of the 2019 Wildfire Risk Report, which includes maps, charts and images, visit this link.

To follow CoreLogic coverage of 2019 wildfires, visit the company’s natural hazard risk information center, Hazard HQ, at www.hazardhq.com.

Methodology

To determine residential exposure value, CoreLogic parcel-level data is paired with the proprietary CoreLogic Wildfire Risk Score to identify every property contained within each separate wildfire risk category. After matching each residential property to a structure valuation, the values are totaled by risk category within individual geographic areas. The final results illustrate the total number of residential properties at risk, as well as the total current reconstruction cost value of those properties.

Armed with a full understanding of hazard down to a 30m grid cell, the probabilistic CoreLogic U.S. Wildfire Model goes further by combining comprehensive agents of damage including ignition sources, spread and suppression with structural vulnerability. Both burn and smoke damage is accounted for, and more than 3.5 million stochastic events are incorporated to simulate every damage and loss event that could possibly happen. The model even accounts for weather conditions including humidity and prevailing winds and allows for adjustments by location to account for higher- or lower-than-average risks in a given year that might be caused by drought, exceptional rainfall or recent burns. Once damage ratios are calculated, the model applies any and all insurance conditions to determine financial loss from fire and smoke.

About CoreLogic

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. 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.

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