CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its Finding Opportunities in Insuring Flood report, which examines vital opportunities for private insurers to protect homeowners from flood risk inside and outside of the National Flood Insurance Program (NFIP) Special Flood Hazard Areas (SFHA). In this report, CoreLogic examines potential underinsurance issues in two areas of the United States with exposure to flooding: The Atlantic and Gulf Coast regions with hurricane-related storm surge risk and the Mississippi River basin with inland flooding risk.

Data analysis from the report highlights the need for insurers to understand the tools available to granularly identify flood risk and up-to-date reconstruction cost value (RCV) in order to better distribute risk, understand potential underinsurance exposure and ensure policyholders can fully recover if faced with flood loss.