
Contact:
James Munson
Director of Consulting Services
RiskMeter Online
860.854.6125
Email
FOR IMMEDIATE RELEASE:
Connecticut
Department of Insurance Approves RiskMeter’s New Shoreline
Boston, MA, October 2007 - CDS Business Mapping, LLC a leader in
online hazard mapping, today announced the Connecticut Department of Insurance
has approved its coastline report and it’s now available through CDS’s
RiskMeter Online service. This new report takes into account where the highest
winds will occur along rivers, bays and inlets and it can be used by insurers
to enforce their distance to coast underwriting guidelines.
“In order to protect the interests of coastline homeowners, as well
as maintaining a competitive homeowners’ marketplace, the CT Department
of Insurance has issued a report which includes a number of the department’s
administrative actions,” explains Jamie Munson, Director of Consulting
Services, CDS Business Mapping. “One of the actions mentioned in this
report is that insurers are to use a specific methodology to enforce their
coastal underwriting practices,” says Munson. “By using the RiskMeter
and our standardized coastline, carriers can be assured they are in compliance.”
In response to the this mandate, CDS Business Mapping worked with the CT Department
of Insurance to create a coastline report for its RiskMeter Online service
which meets these parameters. This report has been approved and is now available
through the RiskMeter Online. For more information, please contact Jamie Munson
at 860.854.6125 or Email
About RiskMeter.com
For property underwriters and agents who are looking to increase accuracy,
productivity and overall speed of operations, the RiskMeter Online (www.RiskMeter.com)
is an Internet application used to automate property risk reports. By simply
typing in an address, users can get back natural hazard information for a
given policy location. The RiskMeter can perform more than 30 different reports,
including: distance to coast, rating territory, flood zone, windpool eligibility,
proximity to brush, EQ hazards and much more! For more information, please
visit www.RiskMeter.com

