| In This Issue
|
| 2009 Welcome Message
|
| Now Available: Foreclosure
Monitoring |
| LA Distance to Closest Levee
|
| Pre-Filling Data for Underwriters
& Agents |
| MS Wind Pool Zones Updated
|
| Distance to Work Report
|
| RiskMeter's Glossary/Resources
Section |
| What Reports Does the RiskMeter
Online Offer? |
| Upcoming Events
|
| Online Training Schedule
|
| Welcome to our Newest Customers
|
| Request a Hardcopy
|
| Contacts |
| Questions or Comments?
|
| Join Our List
|
 | | |
| 2009 Welcome Message
|
|
We hope all of our customers,
prospects and vendors wrapped up 2008 with a happy
and safe holiday season. Everyone at
RiskMeter Online would like to thank you for
making 2008 a success and we look forward to
working with you in 2009! If there is any way we
can improve our service, please send an Email to
Paul Ptashnick at pptashnick@cdsys.com
|
| Now Available: Foreclosure
Monitoring |
|
Due to the current economic conditions, CDS
is now providing insurers with foreclosure
monitoring. By simply sending us an Excel
file of your book of business, we can flag which
policies are in the foreclosure process.
There is mounting evidence that shows
properties entering a state
of foreclosure have a higher probability of
losses (vandalism, water damage, arson, etc.).
Being able to identify policies that are in the
foreclosure process will enable insurers to take
proactive steps, such as:
- Ordering a property inspection
- Determining occupancy
- Changing/Reducing coverage
- Increasing premiums
- Issuing a cancellation or
non-renewal
Foreclosures will continue to be a problem for
insurers going into 2009 (articles below). For
more information about our Foreclosure Monitoring
services, please contact Jamie Munson at
860.854.6125 or jmunson@cdsys.com
Related
Articles
Foreclosure
Crisis Hits Long IslandA first look down
Willow Street in Central Islip, where Christmas
lights adorn many roofs and
windows, captures a suburban block in a typical
neighborhood. But a closer look
tells another story. - Newsday
A
Second Mortgage Disaster on the
Horizon?
As correspondent Scott Pelley
reports, it turns out the abyss is deeper than
most people think because there is a second
mortgage shock heading for the economy. In the
executive suites of Wall Street and Washington,
you're beginning to hear alarm about a new wave of
mortgages with strange names that are about to
become all too familiar. - 60
Minutes
Foreclosure
Crisis Hits Polk and FL Hard
When Danny
Miller was laid off in December 2007, his family
scraped by for nearly a year before falling behind
on mortgage payments. Then the bank came
calling. Last month, the Millers' North
Lakeland home slipped into foreclosure, joining a
record number of Polk County properties that did
the same in 2008. - The
Ledger |
| LA Distance to Closest
Levee Report |
|
|
After Louisiana's levees failed during
Hurricane Katrina, insurers became very concerned
about a policy's proximity to a levee. In many
cases, areas protected by levees are not
considered in a flood zone; however, if the levee
fails, the insurer still pays the loss.
Knowing that a property is in an area protected by
a levee would be useful information to many
insurers. CDS is trying to solve this
problem by collecting levee data. We now
have levee data for the Eastern half of Louisiana
(New Orleans District). There are 6
districts on the Mississippi. We are looking
to get all of the levee data for the Mississippi
River and the Sacramento, CA area as well.
This data will be added as we receive it.
For more information about this report, please
contact your account executive at
617.737.4444 |
| Pre-Filling Data for
Underwriters & Agents |
|
|
As you know, there are various ways to
eliminate duplicate data entry during the
underwriting process. One of the most
powerful methods is by pre-filling information
using the RiskMeter. We also refer to this
as integration. By
integrating with the RiskMeter, you can pre-fill
information for your agents and
underwriters. There are several key benefits
to this:
- Time savings - Avoid redundant data entry
and duplicate logins
- Accuracy - Since the information is
validated at the beginning, you will be making
much better decisions
- Goodwill - By providing this information to
agents, rather than making them ask for it, you
are making their lives much easier
All of the RiskMeter Online reports, maps and
information are available through integrated
solutions. This includes the building
characteristics information. Ease of doing
business has clearly become a priority for
companies and agents. We can help you to
achieve your goal. To learn more about our
various pre-filling options, please speak
with an account executive at
617.737.4444 |
| Mississippi Wind Pool
Zones Updated |
|
|
CDS has just added the revised Mississippi
rating zones to the RiskMeter Online's wind pool
report. Now if a policy falls "In" a wind
pool zone, RiskMeter will tell users if the policy
in question falls into zones A-D. For
more information, please speak with your account
executive at
617.737.4444 |
| Distance to Work
Report |
|
| The RiskMeter is looking for
feedback on adding a new report to its suite
of offerings. The Distance to Work Report
will enable a user to type in a home address and
other addresses to calculate the distance from
home to a work address. While we hoped
everyone would know the work address of a spouse,
child, etc., many times they do not. Since
this is often the case, there will be an
additional lookup feature, which will allow the
user to get some help. While people may not
know the street address, they do know the company
name, city, and state of the employer. This
feature will enable a user to fill in an entire
address or just the parts he/she knows.
More and more carriers are looking at a Pay
As You Drive system to determine pricing,
coverage, etc. There has been a great deal
of resistance related to installing a "black box"
in customers' vehicles with concerns of privacies
and freedoms looming overhead. This
alleviates this entirely. While it may not
be a substitute for an odometer reading, this will
bring great strides in determining a realistic
estimate of mileage driven annually.
For more information, please contact Jamie
Munson at 860.854.6125 or jmunson@cdsys.com |
| RiskMeter Online's
Glossary/Resources Section |
|
|
Over the years CDS has compiled many
different maps, presentations and
statistics. We're now trying to make more of
this information available to our users through
our glossary/resources section on the
RiskMeter Online.
To view this material you will need to log
into your account. Once you've logged in, you'll
notice several hyperlinks (view address, new
account, etc) on the bottom of the page. All
you need to do is click on the glossary/resources
link, and you'll be taken to a landing page,
which contains the new resources link.
|
| What Reports Does
RiskMeter Online Offer? |
|
| As you may know, the
RiskMeter Online continues to add additional
reports as we see a need. We have recently
added reports like storm surge, wind speed maps
for additional states, online batch tool and new
background images. We also know that your
needs change over time, as you add lines, enter
new states or refine your underwriting guidelines.
To see a complete list of reports, please go
here.
If you need additional information or would
like to test drive a report for free, please
contact Ryan Turgeon at
617.737.4444 or rturgeon@cdsys.com |
| Upcoming Events - Meet the
CDS Team! |
|
| 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 (dmunson@cdsys.com) or Bradley
Sherwin (bsherwin@cdsys.com) at
617.737.4444
January 14-17, 2009 * La Jolla, CA
February 26-March 1, 2009 * Indian Wells,
CA
March 14-17, 2009 * San Diego,
CA |
| Online Training
Schedule |
|
In order to help you utilize the RiskMeter
Online more effectively, we are now offering
complimentary training to all RiskMeter Online
customers. This is a great way for your
organization to have its most pressing questions
answered, learn about various risk reports and
discover how to utilize cutting-edge features,
such as: Birdseye Geocoding,
One Click Ruler and
Manual Placement. To
register for an upcoming Webcast, click on one of
the links below or for more information, please
contact Ryan Turgeon at
617.737.4444 or rturgeon@cdsys.com
National Risks
Wednesday, January 21, 2009
2:00 PM - 3:00 PM (EDT)
Western Risks
Wednesday, January 28, 2009
2:00 PM - 3:00 PM (EDT)
National Risks
Wednesday, February 4, 2009
2:00 PM - 3:00 PM (EDT)
Western Risks
Wednesday, February 11, 2009
2:00 PM - 3:00 PM (EDT)
|
| Welcome to Our Newest
Customers |
|
|
- JLT Facilities
- Roanoke Group
Agents & Brokers
- CIBA Insurance Services
- Crump Group
- Jenkins Financial Insurance Agency
- OakLeaf Insurance Brokerage
- U.S. Risk Brokers Boston
Other
|
| Request a Hardcopy of the
Newsletter |
|
Having a hard time managing your inbox?
You can now receive the RiskMeter Newsletter via
regular mail. Just send an Email to Paul
Ptashnick at pptashnick@cdsys.com and a
hardcopy will be sent to
you. |
| Contacts |
|
|
Daniel Munson, Founder and VP of Sales &
Marketing
Tel: 617.737.4444
Jamie Munson, Director of Consulting
Services
Tel: 860.854.6125
Bradley Sherwin, Sales Manager
Tel: 617.737.4444
Val Feeney, Business Partnership
Manager
Tel: 617.737.4444
David Poitras, Account Executive
Tel: 617.737.4444
Monique Audette, Account Executive
Tel: 617.737.4444
Wendy Corr, Account Manager
Tel: 617.737.4444
Ryan Turgeon, Support, Training and Customer
Service
Tel: 617.737.4444
|
| Questions or
Comments? |
|
If you would like more information on any of
the topics discussed in this newsletter, please
contact Daniel Munson, Founder, RiskMeter Online
at 617.737.4444 or dmunson@cdsys.com |
| Please Add Us to
Your Safe Senders List
|
|
|
In order to ensure you receive the RiskMeter
newsletter in your inbox, please make sure to add
the RiskMeter Online into your Safe Senders or
Safe Recipients list. If you're not sure how
to do this, please follow the steps below.
- On the Outlook tools menu, located
in your inbox, click "Options"
- On the preferences tab, under Email, click
"Junk Email"
- Click the "Safe Senders" or "Safe
Recipients" tab
- Click "Add"
- In the Enter an Email address or
Internet domain name to be added list
box, type in newsletter@cdsys.com, and then
click "Ok"
|
| Unsubscribe |
|
| To be removed from our
mailing list, please Email pptashnick@cdsys.com and type
REMOVE in the subject line.
| |
|
The RiskMeter Online is committed to
providing our users with a competitive edge.
We hope this newsletter was informative
and useful to you. Please forward this
newsletter to a friend or colleague who might
benefit from it. We only ask that you send
the entire newsletter.
Thanks,
Paul Ptashnick
Director of Marketing, CDS Business Mapping
Tel: 617.737.4444
| | |
