In an effort to protect the vitality of the U.S. housing market against climate change and more frequent weather-related disasters, CoreLogic will be expanding their Hail Protection product, designed by AXA Climate. The product will help businesses recover from financial losses such as property damage or business interruption following a hail storm.
After a successful launch of the parametric hail product in 2019, AXA Climate is set to bring the solution to condominiums, golf courses and greenhouses, among others.