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WHEN DISASTER STRIKES:RISK, MITIGATION STRATEGIES,
AND RECOVERY
#LiveAtUrban
When Disaster
Strikes: Risk,
Mitigation
Strategies, and
Recovery
April 11, 2018
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™
CoreLogic® 2017
Natural Hazard
Risk Report
https://www.corelogic.com
/insights/natural-hazard-risk-
summary-and-analysis.aspx
3
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™
According to the National Oceanic
and Atmospheric Administration (NOAA), there were
16 individual weather and climate disaster events
with losses exceeding $1 billion
in the U.S. in 2017.
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© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™
− Overall hurricane activity in the Atlantic was
higher than average with 17 named storms,
10 hurricanes, and six major hurricanes.
− Flooding from Hurricanes Harvey and Irma
resulted in an estimated $69 billion to $105
billion in residential and commercial damage.
− Approximately 75 percent of the damage to
residential properties from Hurricane Harvey
was uninsured, and approximately 80
percent of the damage to residential
properties from Hurricane Irma was
uninsured.
5
Excerpts from the 2017 ReportExecutive Summary
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™
− Due to strong winds brought by Hurricanes
Harvey and Irma, the land area impacted
by severe winds was more than four times
greater than in 2016.
− This was the third most active year for
tornadoes since 2005 with 1,522 recorded tornadoes.
− The hail event in Denver, Colorado, was the
worst this year with losses of $1.4 billion from
approximately 150,000 auto insurance claims and approximately 50,000
homeowner insurance claims.
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Excerpts from the 2017 ReportExecutive Summary
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™
− Over 9 million acres burned in wildfire, the
third highest in U.S. history. The largest fire,
in terms of structures destroyed, was the
Tubbs Fire in northern California, which
burned 36,807 acres and 5,643 structures.
Until 2017, the two worst wildfires in
California history – Tunnel in 1991 and
Cedar in 2003 – destroyed 5,720 structures
combined.
− As of December 1, there were 818
identified earthquakes at a magnitude of
3.0 or greater across the country.
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Excerpts from the 2017 ReportExecutive Summary
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™ 8
Excerpts from the 2017 ReportFlood Losses from Hurricane events
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Excerpts from the 2017 ReportFlood risk goes beyond the Special Flood Hazard Area
Beaumont-Port Arthur
Houston-Sugar Land-Baytown
194,610 1,990 19,774
2,340,343 57,077 211,851
701,325 7,233 15,628
23,459 722 5,727
91,106 836 2,983
34,330 186 4,199
42,419 646 1,847
52,622
7,374
6,865
5,924
7,064
74,451
5,904
13,070
6,175
66,110
7,751
1,104
13,496
3,379
4,198
485,281
2,628
53,856
14,467
20,913
39,096
494,983
67,090
715,202
19,531
287,098
47,129
574,132
Austin-Round Rock-San Marcos
Bay City
Corpus Christi
Bryan-College Station
Victoria
Total Properties
Extreme Risk
Very High Risk
High Risk
Moderate Risk
Low Risk
Very Low Risk
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™ 10
Excerpts from the 2017 ReportFlood risk goes beyond the Special Flood Hazard Area
12.48%
22.67%21.81%
28.22%
5.66%
9.16%
2.00%
7.64%
17.91%
25.96%
11.52%
34.96%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
Extreme Very High High Moderate Low Very Low
% o
f to
tal a
rea
Flood Risk Rating
South Texas/Louisiana - Harvey Affected Areas
Areas impacted
Area at Risk
Estimates are that
65% of the areas
flooded from
Hurricane Harvey
were outside of a 100
year Special Flood
Hazard Area
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™ 11
Excerpts from the 2017 Report2017 Hurricane Activity
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™ 12
Excerpts from the 2017 ReportHurricane winds – 2017 first time in 10+ years with significant U.S. landfall
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™ 13
Excerpts from the 2017 ReportWildfire activity continues to rise
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™ 14
Excerpts from the 2017 ReportEarthquake activity
© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™ 15
Excerpts from the 2017 ReportHail activity in 2017
WHEN DISASTER STRIKES:RISK, MITIGATION STRATEGIES,
AND RECOVERY
#LiveAtUrban
Weathering Hurricanes Harvey and Irma:
The Financial Outcomes of 1 Million Families
The JPMorgan Chase Institute draws transaction-level data from over 1 million checking account holders in Texas and Florida to provide a first-ever daily look at the impacts of Hurricanes Harvey and Irma on financial outcomes.
• Finding 1: Inflows were more than 20 percent, or roughly $400, lower than baseline in the week of landfall but recovered quickly in Houston, but not so in Miami.
• Finding 2: In aggregate, total outflows dropped by more than 65 percent around the day of landfall and by more than 30 percent, or roughly $500, in the week of landfall.
• Finding 3: Some categories (fuel, grocery, home) saw preparatory increases in spending, but in the week of landfall, consumers cut spending across most categories; healthcare spending dropped by more than 50 percent and remained lower 12 weeks after.
• Finding 4: Debt payments dropped by more than 15 percent in the week when the hurricanes hit and cumulatively remained lower than baseline 12 weeks after Hurricane Harvey and 10 weeks after Hurricane Irma.
• Finding 5: Checking account balances were 10 percent, or roughly $670, higher than baseline 12 weeks after Hurricane Harvey and remained steady 10 weeks after Hurricane Irma.
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Finding 1: Inflows were more than 20 percent, or roughly $400, lower than baseline in the week of landfall but recovered quickly in Houston, but not so in Miami.
2
Finding 2: In aggregate, total outflows dropped by more than 65 percent around the day of landfall and by more than 30 percent, or roughly $500, in the week of landfall.
3
Finding 3: Some categories (fuel, grocery, home) saw preparatory increases in spending, but in the week of landfall, consumers cut spending across most categories; healthcare spending dropped by more than 50 percent and remained lower 12 weeks after.
Finding 4: Debt payments dropped by more than 15 percent in the week when the hurricanes hit and cumulatively remained lower than baseline 12 weeks after Hurricane Harvey and 10 weeks after Hurricane Irma.
4
The hurricanes significantly disrupted healthcare spending and debt payment patterns.
5
Finding 5: Checking account balances were 10 percent, or roughly $670, higher than baseline 12 weeks after Hurricane Harvey and remained steady 10 weeks after Hurricane Irma.
WHEN DISASTER STRIKES:RISK, MITIGATION STRATEGIES,
AND RECOVERY
#LiveAtUrban
WHEN DISASTER STRIKES:RISK, MITIGATION STRATEGIES,
AND RECOVERY
#LiveAtUrban