Delivering Confidence: CoreLogic’s Non-Weather Risk Scores are Approved by Multiple States’ Department of Insurance for Use in Rating Plans

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IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that multiple states’ department of insurance organizations approved the CoreLogic non-weather and hail risk scores, as part of carriers’ personal lines rating plans. Our RiskSuite scores are an important development for our current and future insurance clients,” said Dr. Andrew Schiller, senior leader, Science and Analytics at CoreLogic. Carriers can use the approved RiskSuite scores in their own rating plans, unlocking valuable insights that enable them to immediately underwrite and price more accurately, minimize loss and quantify risks that have until now eluded simple quantification.” Property insurers have historically faced challenges when it comes to accurately analyzing the likelihood of non-weather hazards — such as plumbing and appliance leaks that lead to water damage, or accidents or system failures that lead to fire damage — due to a lack of consistent and complete data. The RiskSuite solutions can identify and account for the many different pathways leading to non-weather perils, enabling insurers to more accurately assess location-specific claim probability and severity. 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, buy and protect their homes.

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