What's in a Loss Estimate?

At CoreLogic, one of the areas we keep close tabs on is how weather and climate affect property as this could have some surprising downstream effects. The CoreLogic Hazard HQ team keeps a close eye on the state of weather covering catastrophes in the US and around the world. Host Maiclaire Bolton Smith sits down with David Smith, Senior Leader of Science and Analytics to answer some questions about what is a loss estimate? What exactly are we estimating? Why are reconstruction costs different from actual losses?