CoreLogic Partners with Echo Bravo Productions in Docu-Series to Provide Relief to Communities in the Wake of Louisiana Hurricanes

Rhea-AI Summary

CoreLogic (NYSE: CLGX) is partnering with director Justin Roberts on the docu-series DO GOOD, which highlights recovery efforts in Louisiana after Hurricanes Laura and Delta. The series, launched today, features CoreLogic’s insights on property damage and climate impact. CoreLogic aims to support rebuilding efforts and provide vital data to aid disaster recovery, showcasing the rise in mortgage delinquency to 16.4% after Hurricane Laura. The company’s commitment to community welfare aligns with its mission to enhance housing market stability.

Positive

• Partnership with DO GOOD enhances brand visibility and social responsibility.
• CoreLogic's data and analytics role in climate change management proves its expertise.
• Potential for increased engagement and goodwill from community support initiatives.

Negative

• Significant mortgage delinquency increase to 16.4% post-Hurricane Laura indicates severe market distress.
• High insured losses from Hurricane Laura between $8 billion to $12 billion may signal risk exposure.

CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, partnered with Justin Roberts, director of the 10-episode docu-series DO GOOD, which showcases the inspiring relief work in Louisiana following Hurricanes Laura and Delta that devastated the community in 2020. CoreLogic provided insight into key property damage and weather forensic science for the docu-series which launched today.

“CoreLogic is committed to building and maintaining a healthy housing market, which we believe is essential to prosperous and vibrant societies,” said Sandra Carvalho, CMO of CoreLogic. “This makes us a great partner for DO GOOD director Justin Roberts, who, after his hometown of Lake Charles was decimated by Hurricane Laura, was looking for support in bringing his docu-series to life. The series will highlight and benefit the nonprofit organizations that are working tirelessly to help rebuild the Southwest Louisiana community.”

CoreLogic provides property insights from financial and structural details to risk of catastrophe exposure and damage. CoreLogic combines its predictive modeling and hazard expertise to forecast with near complete certainty what could happen if a catastrophe occurs – incredibly important now that catastrophes are more frequent and severe. This partnership allowed CoreLogic to collaborate with Roberts to help tell this story and raise awareness of the impact of climate change on the housing market.

CoreLogic’s solutions and services play an integral role in climate change management as well as in natural hazard risk and post-event recovery. CoreLogic works closely with government agencies on climate management, including providing advanced weather models and identification of climate-related risks to help inform infrastructure planning and risk mitigation strategies.

“We build hazard and analytics models to really understand catastrophe impact to the entire real estate economy. Partnering with the DO GOOD creators gave us an opportunity to demonstrate data in action, to help tell the human side of the story—what happens to communities after a disaster strikes,” said Howard Botts, CoreLogic Chief Scientist. “Ultimately, we hope that by providing this level of knowledge and transparency, government agencies, insurers, and mortgage companies will be empowered to mitigate risk, protect better and help build stronger communities.”

CoreLogic’s unique value is its ability to provide a holistic, granular view of the entire property and risk ecosystem. According to CoreLogic data, in total, Hurricane Laura caused between $8 billion to $12 billion in insured losses. Within Lake Charles specifically, there were $7 billion to $11 billion in insured wind losses and up to about $150 million in insured storm surge losses. Thousands of homes were exposed to storm surge, flash flooding, flooding and hurricane winds. Within two months following Hurricane Laura, the Lake Charles mortgage delinquency rate skyrocketed to a staggering 16.4% (up from 8.9% pre-hurricane) as the community struggled with disaster recovery, made worse by the pandemic.

“When you have better information, you can make better decisions. CoreLogic provides the kind of information that will help communities better prepare for these types of catastrophes,” said DO GOOD Producer and Director Justin D. Roberts. “CoreLogic truly cares about communities that power the American housing market, and they have provided the scientific insight that’s been instrumental in helping us tell this important story.”

Each episode of DO GOOD will explore the work of one organization pitching in to help rebuild its community following a storm that damaged 95% of structures in Lake Charles, Louisiana. All monetized YouTube revenue will support the featured organization. To watch Episode 1 of DO GOOD, click here. For more information on CoreLogic’s involvement in DO GOOD, visit www.corelogic.com/dogood.

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, buy and protect their homes. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210305005100/en/

FAQ

What is the focus of CoreLogic's partnership with Justin Roberts in <b>DO GOOD</b>?

CoreLogic's partnership focuses on showcasing recovery efforts in Louisiana after Hurricanes Laura and Delta, providing insights into property damage and climate risks.

How does the <b>DO GOOD</b> series relate to CoreLogic's mission?

The DO GOOD series aligns with CoreLogic's mission to support healthy housing markets and community recovery through data and analytics.

What financial impacts did Hurricane Laura have on the Lake Charles community?

Hurricane Laura led to insured losses estimated between $7 billion to $11 billion in wind losses, with mortgage delinquency rates rising to 16.4%.

When was the <b>DO GOOD</b> docu-series launched?

The DO GOOD docu-series was launched today.

How can viewers support the initiatives highlighted in <b>DO GOOD</b>?

Monetized YouTube revenue from the DO GOOD series will support the featured nonprofit organizations working on community rebuilding.