HousingWireHousingWire
In the wake of the Los Angeles wildfires, CoreLogic today announced a new strategic alliance with Vexcel Imaging, a global leader in aerial imagery, which will provide CoreLogic with imagery from the U.S., Canada, Western Europe and Australia, including post-disaster imagery captured after wildfires, hurricanes and tornadoes.
The alliance and acquisition of the imagery is part of CoreLogic’s broader roadmap for the implementation of AI-driven analysis and measurements, a release from the company said.
Vexcel, which refreshes its imagery library annually, covers more than 90% of the U.S. population, with urban areas refreshed up to three times a year, allowing CoreLogic to provide clients with up-to-date, high-resolution imagery.
“Bringing Vexcel’s imagery to CoreLogic’s solutions will be a game changer for the industry, matching unparalleled property intelligence capabilities with high-resolution imagery that is trusted by governments and industries worldwide,” said Garret Gray, CoreLogic’s president of Global Insurance Solutions. “This relationship will help CoreLogic continue to provide solutions that empower property professionals in new, unexpected ways, allowing artificial intelligence to streamline tasks and free up people to focus on people in their most urgent time of need and beyond.”
CoreLogic has integrated Vexcel’s high-resolution disaster response aerial imagery within CoreLogic Weather Insight, a platform designed to provide detailed weather-related data for property organizations to make more informed decisions, as a response to the wildfires in Southern California.
The move enables insurance, restoration, and other property companies to analyze their portfolios quickly against property-specific damage assessments and total reconstruction costs, CoreLogic says, which will allow organizations to gauge their overall financial exposure and manage appropriate resources.
“Our commitment to providing complete, up-to-date, and consistent aerial imagery across the US and worldwide allows new levels of insight and accuracy,” said Erik Jorgensen, CEO of Vexcel. “We’re excited to see how this will help CoreLogic deliver even more innovative property intelligence to its customers.”
