CoreLogic Examines Financial Implications of the HayWired Earthquake Scenario

“The HayWired scenario is not a prediction of events to come, but it is a realistic portrayal of a series of earthquakes that could credibly occur along the Hayward fault,” said Tom Larsen, principal, industry solutions for CoreLogic. “Our analysis evaluates the interaction between the physical aftermath of the events, with earthquakes and aftershocks occurring over time, and the financial world of insurance policies. Assessing that interaction can help determine how such a catastrophic event, in conjunction with the low penetration rate of residential and commercial earthquake insurance, can have significant and long-lasting damage on the people and economy of the region.”

“The USGS and key industry leaders have worked together to anticipate the impacts of a hypothetical magnitude 7.0 earthquake on the Hayward fault, before it happens, so that people can use the latest science as they work to get even better prepared," said Dr. Ken Hudnut, USGS Science Advisor for Risk Reduction and one of the lead authors of the HayWired Scenario Report.

“With a better understanding and a practical planning scenario for the effects of an earthquake, we can begin to rethink how we plan for and respond to these disasters and thus improve our ability to recover,” said Larsen.

To learn more about the CoreLogic special report, including key sensitivities to consider when analyzing the financial impact of earthquakes, please see here.

To learn more about the HayWired Scenario, please visit https://outsmartdisaster.com/.

Source: CoreLogic

The data provided is for use only by the primary recipient or the primary recipient's publication or broadcast. This data may not be re-sold, 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 Kris Johnston 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 and 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 and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.



Contact:

Media Contacts:
CoreLogic
Alyson Austin, 949-214-1414
Corporate Communications
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or
INK Communications Co.
Kris Johnston, 512-964-0398
Email Contact



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