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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


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.

4


− 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


− 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.

6



− 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.

7


© 2018 CoreLogic, Inc. [NYSE:CLGX] All Rights Reserved. Proprietary. Innovate. Transform. Thrive.™ 8

Excerpts from the 2017 ReportFlood Losses from Hurricane events


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


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


Excerpts from the 2017 Report2017 Hurricane Activity


Excerpts from the 2017 ReportHurricane winds – 2017 first time in 10+ years with significant U.S. landfall


Excerpts from the 2017 ReportWildfire activity continues to rise


Excerpts from the 2017 ReportEarthquake activity


Excerpts from the 2017 ReportHail activity in 2017


AND RECOVERY

#LiveAtUrban

www.jpmorganchaseinstitute.com

[email protected]

#JPMCInstitute@FionaGreigDC

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.

1

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.

www.jpmorganchaseinstitute.com

[email protected]

#JPMCInstitute@FionaGreigDC


AND RECOVERY

#LiveAtUrban

when disaster strikes r , mitigation s and r...innovate. transform. thrive. © 2018 corelogic, inc....

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