Natural Disasters are now Measurable Default Risks

Growing numbers of severe weather events throughout the U.S. may be giving new meaning to “location, location, location” in the housing world. CoreLogic senior economist Kathryn Dobbyn writes in the company’s blog “housing Pulse” that the $8 billion in property damage caused by severe weather in the U.S. in 2013 is causing the housing industry to think about the risk of any given location’s exposure to natural disasters which are only expected to continue to increase in both frequency and intensity.

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