We all know catastrophe (CATs) events and other disaster response efforts challenge the industry more than other times of the year.  We can look no further than the Fall of 2017 for a reminder about what a busy CAT season entails when rain, wind and fire created a near “biblical” and chaotic period for several months. 

The very latest report from CoreLogic is here – and it includes some interesting projections on 2018 hurricane season and the cost of reconstruction.

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its 2018 CoreLogic Storm Surge Report.

You may have wondered where the phrase “a canary in a coal mine” originates. Wiktionary dictionary defines it as “something whose sensitivity to adverse conditions makes it a useful early indicator of such conditions; something which warns of the coming of great danger or trouble by a deterioration in its health or welfare.”

The devastation caused by Hurricanes Harvey and Irma in the U.S., and the damage inflicted on Puerto Rico by Hurricane Maria, is a grim reminder of the power of these storms and the widespread damage they leave in their wake.

In the wake of hurricanes Harvey and Irma, and the wildfires in Napa and Ventura counties, there is a new appreciation among insurance companies for disaster restoration and contents cleaning companies that utilize ultrasonic cleaning technology. Why? Well, not surprisingly, it boils down to money.

The initial wave of catastrophe work is done. It sure feels great to get home and back into your “regular” routine, not to mention your own bed! It is great to get back and not have to worry about everything.

The restoration industry provides vital services to our country in many of its times of deepest need and crisis. In return, our economy provides an opportunity for these restorers to capture enormous wealth.