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In This Issue
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Featured
WebEx: Online Batch
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300
Sinkholes Added to Clearinghouse
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EQECAT
Modeling Changes
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Fire
Safety
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Account
Executive Opening
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New
Service: Manual Geocoding
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EQECAT
MMI Decimals are Back
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EQECAT
Resources Page
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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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Issue: # 12
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December 2010
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Featured WebEx: Online
Batch
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Did you know it's possible to run EQECAT modeling
reports through our Online batch site? We've recently made
some updates to our batch site and it's now possible for you to
get Average Annual Loss (AAL) and Probable Maximum Loss (PML)
calculations 24/7/365. We have created a new template which
will walk you through the process. This template can be found
on the batch Web site (EQE Reports Template), and it's ideal
for companies who want to run schedules for AAL & PML
metrics. RMS modeling will be coming soon. Finally, for
those of you using our batch feature, we can suppress certain
columns in the batch output file. If this is of interest,
please contact your account executive at 617.737.4444
On Monday, December
20th at 2PM (EST), Dan Munson, Founder,
RiskMeter Online will demonstrate how to run our EQECAT reports
(including using new template) and other natural hazard
risk reports (Distance
to Coast, FEMA Flood, Earthquake, Storm Surge, etc)
through our Online batch site. This training will last
approximately 30 minutes, with the last 15-20 minutes devoted to
question and answer. We will have a limited number of
seats for this event. To secure your spot, please register here
For more information about our batch service, please contact Ryan
Turgeon at 617.737.4444
or Email
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300 Sinkholes Added to
Clearinghouse
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CDS is proud to announce we have just added 300
sinkholes to RiskMeter's sinkhole clearinghouse. This program
was created in an effort to provide our users with the most
comprehensive sinkhole report for Florida. For the past few
years RiskMeter has been coordinating a sinkhole clearing house for
carriers. By sharing sinkhole information, we believe it will enable
carriers to have the most accurate picture of sinkhole activity in
FL. We've added thousands of sinkholes not available from public
sources to this database from carriers. Missing just one of these
could lead to a very costly claim! Get involved today!
For people who aren't familiar with this program, here's how it
works. Insurers who submit reported sinkholes will have access to an
exclusive database, which is comprised of our data and other
carriers' data. Taking part in this program is a win-win situation
because it will give users a better picture of their sinkhole risk.
To find out more about this program, contact Jamie Munson at 860.854.6125
or Email
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EQECAT Modeling Changes
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We recently made a significant improvement to our
EQECAT modeling. In the past, if you wanted to run the
models for different coverages (buildings, contents, time), you had
to run the model multiple times. It's now possible to
enter separate values for each and generate Average Annual Loss
(AAL) and Probable Maximum Loss (PML) based upon the
inputs. In addition, it's also possible to run
those figures and our other natural hazard report in
batch at: www.batch.riskmeter.com. For more
information, please contact Ryan Turgeon at 617.737.4444
or Email
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Fire Safety
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Dan Munson, Founder, RiskMeter Online recently had an
interesting conversation with Chris
Beckman, Asst. VP of Loss Control, Hanover Insurance.
Chris was a fire chief of the Erlanger, KY Fire Department, which is
where he happens to live. We began discussing how to measure
fire department effectiveness and potential fire losses. This
conversation quickly turned into a lesson on fire safety. I
felt this advice was so good, I wanted to share it with everyone.
Fire detectors should be throughout the house, not
just near sleeping areas. Most fires start in living areas
(kitchen, living rooms, family rooms, etc.). A fire will grow
significantly before the fire detectors go off if they are not close
by. The conventional wisdom is that a fire will take 6 minutes before it
reaches "flashover". Flashover is a
term used to describe the point at which the air in the room turns
hot and things will spontaneously combust. Fire does not have
to travel across the walls to reach the other side of the room.
Chris told me the study which cited the 6 minute
statistic was done decades ago. He said 6 minutes is
overly optimistic. Plastic is in everything now, which wasn't
the case years ago. Plastic burns much hotter and faster, which
means you really have much less than 6 minutes. Chris also said
that once a fire gets going, you probably can't put it out
yourself. A pan full of water won't do the trick. Also,
if you focus on putting the fire out, you're putting your family in
danger. If your fire alarm goes off, and you smell smoke, get
everyone out of the house first. Your next step should be to
call the fire department and then fight the fire only if you can do
so safely and you keep a clear escape route if the fire grows.
There are no possessions worth your life.
Most people perish in fires from heat and smoke, not
burns. If your room fills with smoke and superheated air,
you're in trouble. Leaving doors open allows smoke
and heat to get into rooms because all it has to do is come down
through the ceiling to get through the door. One of the most
effective things you can do is when you sleep at night
is to keep bedroom doors closed. This will keep much of the
smoke and heat out and will buy you significant time (up to 15 minutes).
I hope you found this information as important as I
did. Stay safe this holiday season.
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Job Posting - Account
Executive
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The RiskMeter
Online is looking for an energetic, self motivated and 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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New Service: Manual
Geocoding
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Geocoding is the first step in almost all spatial
analysis. Through this process an address is supplied and a
Longitude and Latitude is assigned to the address.
When addresses are entered into RiskMeter, geocoders
are constantly trying to fix misspellings, missed prefixes, suffix's,
town names and zip codes. Although this may yield excellent
results, there are many instances where geocoding will be off.
The spotted point could fall on a mailbox, storage shed, driveway,
neighbor's house, etc. Unfortunately, this could mean the
difference between being in and out of a FEMA flood zone!
Currently, a lot of our broker clients have been
running monthly schedules through the RiskMeter Online Batch
site, to check for flood exposure. Many of these schedules
contain oil refineries, college campuses, corporate headquarters,
hospitals, etc. When these policies are run in batch, you have
no way to telling if the spotted point is on the correct building,
unless you manually check them yourself!
Over the years we have been performing manual
geocoding services for many of our clients, who required
the highest level of geocoding accuracy. We'd like the
rest of our customers to know that we can manually geocode your
schedules as well. All you have to do is send us your schedule
and we will manually plot the points on our aerial photos
and natural hazard maps.
For pricing and additional information, please contact
Daniel Munson, Founder, RiskMeter Online at 617.737.4444
or Email
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EQECAT MMI Decimals
are Back
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When we recently
moved to a newer EQECAT (EQE) earthquake model, the Modified
Mercalli Index (MMI) scores were changed and only returned whole
numbers (Traditionally MMI scores are returned as a Roman numeral
between I - XII). Unfortunately, this caused problems for
customers who wanted to set thresholds in between (ex. 7.5 or
8.5). EQE recently made some changes to their model, one
of which includes getting decimal values back again. We've
updated these fields and users will notice this change on RiskMeter.
In addition, we've also added some additional information. To read
the rest of this article, visit here
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EQECAT Earthquake
Scores Transition PowerPoint Available
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Over the years we have compiled many different maps,
presentations and statistics. At the end of last
year we decided to make this information available to our users
through our glossary/resources section in RiskMeter.
We're happy to announce we've just added a new EQECAT
section to this page. In this page you'll find lots of great
information on our EQECAT offerings. In addition, we've
recently posted a PowerPoint, which compares the old and new EQECAT
earthquake scores. Also, there is a white paper and
presentation on our EQECAT AAL & PML Hurricane and Earthquake
Model. To view the EQECAT resource page you will need to log
into RiskMeter. Once you've logged in, you will notice several
hyperlinks (New Address, View Account, etc.) on the bottom of the
page. All you have to do is click on the glossary/resources
link, and you will be taken to a landing page, which contains the
resources link.
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FEMA Flood Map Updates
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New developments,
topology and changes in the environment all affect 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.
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
CIWA
Wholesaler Industry Day
January 12-14, 2011 * San Diego, CA
February 23-26, 2011, 2010 * Naples, FL
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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, December 22, 2010
2PM - 3PM (EST)
Western
Risks
Wednesday, December 29, 2010
2PM - 3PM (EST)
Featured
WebEx Event:
To secure your spot for any of the featured WebEx
events, please register here
EQECAT
Modeling Batch
Monday, December 20, 2010
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