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In This Issue
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Bates/SRA
Fire Hazard Severity Zones
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Featured
WebEx: Parcel Level Geocoding
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Featured
WebEx: RMS Data & Analytics
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Featured
WebEx: EQECAT WIND AAL & PML
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New
CA and WA Tsunami Report
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US
Wildfire Extents
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Crime
Report Updated
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Follow
us on Twitter
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Hail
& Tornado Reports Updated
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Account
Executive Opening
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FEMA
Flood Map Updates
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Upcoming
Events
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Online
Training Schedule
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Unsubscribe
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Bates/SRA Fire Hazard
Severity Zones
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In 2009 the state
of CA actually adopted the law in Govt Codes 51175-51189. In
these actions, they had the state Fire Marshall create a state-wide
fire model. Each county has to then review the maps, makes
changes, open them for public comment and then adopt them as official
maps. Official maps have been adopted by some counties, and in
other areas preliminary maps have been released. In the fire
model, the State ranks areas to Fire Risk (FHSZ), as moderate, high
and very high. In areas where the ranking is Very High,
insurers are not allowed to require more than 100' of brush clearance. To
read the rest article, please go here
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Parcel Level Geocoding
Coming Soon!
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In the real-estate
industry it's all about location, location, location. This
holds true when it comes to underwriting as well. CDS is proud
to announce that within the next few weeks it will be adding a parcel
level geocoding database to the RiskMeter Online. To read the
rest of this article, please go here
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Featured WebEx: RMS Data
& Analytics
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A few months ago
RiskMeter Online announced it had formed an alliance with catastrophe
modeling firm Risk Management Solutions (RMS). Through this
partnership, RiskMeter users can get RMS hazard data and ground up
Average Annual Loss (AAL) and Probable Maximum Loss (PML) metrics for
the following natural hazard risks:
- Earthquake
- Windstorm
(Hurricanes)
- Winterstorm
- Severe
Convective Storm (Tornado & Hail)
Underwriters and MGAs will now have access to RMS'
industry leading data from their desktops by simply entering in a few
pieces of information. In addition, these reports can be run
anytime, anywhere and results can be returned in minutes.
RMS hazard data retrieved through RiskMeter includes: Distance to RMS
Coastline, MMI (Mercalli) Scores, Soil Type and much more. RMS'
proprietary hurricane and earthquake scores and risk profiles are
also available.
Registration Information
Time:
Tuesday, September 21 at 2PM (EDT)
Open to:
Customers & Prospects
Duration: 45 minutes with
15-20 minutes Q&A
Sign up: here
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EQECAT USWIND AALs &
PMLs are Live!
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Hurricanes are
among the most destructive and complex natural catastrophes.
Insured losses from hurricanes represent 10 out of the top 12 most
costly disasters in US history, according to the Insurance
Information Institute.
EQECAT'S USWind report is a must for brokers and underwriters
who are looking to analyze their hurricane risk. By simply typing
in an address, it's possible to get individual wind AAL & PML
results for residential and commercial properties from Maine to
Texas. To read the rest of this article, please visit here
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Just Added: CA and WA
Tsunami Report
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The Indian Ocean
tsunami on December 26, 2004 was a wake-up for the United
States. In 2005 the Emergency Supplemental Appropriations Act
was passed to expand and improve up national tsunami detection and
earthquake monitoring capabilities.
Tsunamis are caused by faulting, landslides or volcanic
eruptions. Coastal communities such as California, Oregon and
Washington are at risk from tsunamis due to local and distant
sources. Local sources like the Cascadia Subduction Zone will
only give residents of California, Oregon and Washington a few
minutes to find safety, while distant sources give residents more
time to evacuate.
RiskMeter has just added California and Washington to its Tsunami
report. This report now provides coverage for California,
Hawaii, Oregon and Washington. By simply typing in an address
this report will tell you if a policy falls in or out of a tsunami
zone.
For more information, please contact Daniel Munson, Founder,
RiskMeter Online at 617.737.4444 or Email
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US Wildfire Extents
Updated
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CDS has updated
RiskMeter's Wildfire Extents report to include 2009 data. We've
gathered wildfire information from various federal and state
resources. If you're not familiar with Wildfire Extents,
they show areas that have burned in previous
wildfires. This report is an excellent tool to use for
assessing and pricing Wildfire risk. If an area has burned
once, it will burn again! For more information, please speak
with your account executive at 617.737.4444
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Update: 2010 Data Added to
Crime Report
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CDS has just added
2010 crime data to RiskMeter's Crime Report. This report will now be
updated twice a year. If you're not familiar with this
report, it's based on FBI Uniform Crime Reporting Statistics (UCR)
and demographic clustering, to estimate crime rates for very small
areas (census block groups). By typing in an address, this
report will return 10 crime scores for a given location.
Many of our customers have found this report to be very useful, when
writing commercial and residential property, by identifying high risk
areas prior to instituting coverage. Some of the areas our
customers found this to be most helpful, include: habitational
properties, bars/taverns, vacant buildings and crime coverage.
For more information or to test drive this report for two weeks,
please contact your account executive at 617.737.4444
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Follow us on Twitter
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The RiskMeter
Online is now on Twitter. We plan on using this service to post
newsletter articles, press releases and P&C related news you
won't find in most insurance publications. To become a
follower, please click on the icon below.
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Update: 2009 Data Added to
Hail & Tornado Reports
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We recently did our yearly updates to the Hail &
Tornado models. These updates added 2009 data to the models,
which now incorporate information from 1990 - 2009. We have
also updated the CDS Hail & Tornado studies, which explain how
the models were developed and what's changed within the last
year. These reports provide lots of useful information on these
natural hazards. To request a copy of these reports,
please contact Ryan Turgeon at Email or 617.737.4444
Top Ten Hail & Tornado Prone Metro-Areas
To view our
top ten hail prone metro-areas, go here
To view our top ten tornado prone metro-areas, go here
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Job Posting - Account
Executive
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The RiskMeter
Online is looking for an energetic, self motivated, seasoned account
executive. The position is responsible for prospecting new
clients while maintaining existing relationships. This is a young,
exciting company which offers excellent compensation and benefits
including: 401K, health insurance, dental insurance, and T passes.
To see the complete Account Executive position or to apply, please go
here
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FEMA Flood Map Updates
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New developments,
topology and changes in the environment, all have an effect on how
areas flood. RiskMeter's number
one priority is to give its users access to the best and most
up-to-date flood data. That's why our flood information is
refreshed on a monthly basis. During the course of the year FEMA
will issue roughly 12,000-18,000 map revisions,
which will be digitally updated on the RiskMeter Online. To see
our latest map revisions, click here.
Why Use RiskMeter to Check for Flood Zones?
There are many things an insurer should know about flood maps.
First, FEMA does not have digital copies of all of their
flood maps. We do. In addition, many of the digital GIS
maps shown on FEMA's web site are out of date. With their
flood mapping program, much of the data referred to is "Q3
data", which is more than 10 years old! So be
careful! Since FEMA issues so many updates during the course of
the year, using data that is outdated can be very risky to use for
underwriting and pricing purposes. Secondly, with RiskMeter's
flood reports a determination is made for you, so there's no map
interpretation required. Also, with our mapping technology, we
allow you to overlay flood maps (and other hazards) right on top of
the aerial photo. For larger risks, this feature can help you
to understand what parts of the facility or which buildings are in
flood zones.
How Batch Processing Can Help
If an area that you write business in has been updated, an easy way
to check your flood zone exposure for a book of
business is by leveraging our Online Batch feature. For those
of you who aren't familiar with the RiskMeter Online Batch
(ROB) service, it allows users to run multiple addresses or
schedules, without the need to type in each address
individually. RiskMeter's batch feature enables users to upload
a file and get the results emailed back in spreadsheet form anytime,
anywhere.
For more information on our Flood reports, please contact Daniel
Munson, Founder, RiskMeter Online at 617.737.4444 or Email
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Upcoming Events - Meet the
CDS Team!
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RiskMeter Online
will be attending or exhibiting at the following upcoming
conferences. Whether you're a customer or prospect, we'd love to
meet with you onsite at these exceptional events! Don't
hesitate to stop by our booth or if you wish to schedule an
appointment, please contact Daniel Munson (Email) or Bradley Sherwin (Email)
at 617.737.4444
AAMGA UFO
September 9-11, 2010 * Austin, TX
Napslo Annual Convention
October 11-14, 2010 * Atlanta, GA
Target Markets 10th Annual Summit
October 18-20, 2010 * Scottsdale, AZ
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Online Training
Schedule
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In order to help
you utilize the RiskMeter Online more effectively, we are now
offering complimentary training to all of our customers. This
is a great way for your organization to have its most pressing
questions answered, learn about the latest risk reports and discover
how to utilize cutting-edge features, such as: Birdseye Geocoding,
One Click
Ruler and Manual
Placement.
To attend any of
the complimentary training sessions, please register here
Wednesday, September 1, 2010
Wednesday, September 8, 2010
Wednesday, September 15, 2010
Wednesday, September 22, 2010
Wednesday, September 29, 2010
2PM - 3PM (EDT)
To attend the Featured events, please register here
Featured WebEx: RMS Data & Analytics
Time: Tuesday, September 21, 2010
Open to: Customers and Prospects
Duration: 45 minutes with 15-20 of Q&A
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