CoreLogic: Hurricane Barry Created Up to $900 Million in Losses – NMP
Industry News

CoreLogic: Hurricane Barry Created Up to $900 Million in Losses

Jul 19, 2019
Photo credit: Getty Images/Erin Donalson

Hurricane Barry may not have been as severe as many feared, but that’s not to say it had no impact.
 
A new analysis by CoreLogic determined that losses could a total of up to $900 million from flood and wind damage.
 
CoreLogic reported insured flood loss from private insurers is estimated at less than $100 million while wind losses are estimated to be between $300 million to $500 million. Insured residential and commercial flood loss covered by the National Flood Insurance Program (NFIP) is estimated to be between $100 million and $200 million and uninsured flood loss is estimated to be approximately $100 million.
 
Approximately 500,000 total residential and commercial property policies are in force in Louisiana through the NFIP, while less than 20 percent of residential flood loss is uninsured.  CoreLogic’s analysis included residential homes and commercial properties, including contents and business interruption, but it did not cover broader economic loss from the storm.
 
About the author
Phil Hall
Link copied
Published
Jul 19, 2019
Get the NMP Daily
C-Suite Strategies
Better Founder Vishal Garg Exits CEO Role; Daniel Lewis Named Interim CEO

Company pivots toward partner-led distribution and expects annualized cost reductions to exceed $45 million by year-end

Better Home & Finance founder Vishal Garg is leaving the CEO role, effective immediately, while the mortgage fintech pivots toward a partner-led platform strategy and accelerates cost reductions.The company’s board appointed director Daniel Lewis as interim CEO, Better a...

Continue reading
Tech
MeridianLink Buys Credit Mountain To Turn Loan Declines Into Future Business

The acquired technology keeps rejected applicants connected to their lender while they work toward eligibility, creating a potential pipeline of mortgage-ready borrowers

A borrower who cannot qualify today may still represent future business. MeridianLink is buying technology designed to keep that prospect connected to the lender instead of allowing a loan denial to end the relationship.The lending technology provider announced Monday that i...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Industry News
Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Industry News
Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Industry News
Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Industry News
Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Industry News
Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Industry News
Jul 02, 2026