Boston, MA, September 2011 - CDS Business Mapping, LLC., a leader in online hazard mapping, today announced its list of the top ten hail prone metro areas (population 50,000 plus). This list is based on the RiskMeter Online’s Hail Model, which predicts the frequency of hail storms for any location in the Continental United States. In a recently released hail study by the RiskMeter Online, the following top ten hail prone metro-areas are as follows:
Hail events are a constant threat to auto and property & casualty insurers. In a recently released study from Swiss Re, it’s been reported that five of the mostly costly U.S. based insurance losses of 2010 were hail related events. Even small hail stones have been known to shatter windows, smash roofs and leave pockmarks in siding, according to the Insurance Information Institute.
“In 2010 there were over 10,000 hail storms that caused hundreds of thousands of dollars in losses for insurers,” explains Daniel Munson, Founder, RiskMeter Online. “Although hail losses are inevitable, RiskMeter makes it easy for underwriters to assess and price risk. With RiskMeter’s hail report, users can enter an address and get frequency of hail events, percentile score which compares the address entered to the rest of the US, average number of hail storms for an area and a risk score. This detailed information will provide a much clearer picture of hail risk, enabling underwriters to assess and price risk more accurately,” says Munson.
To receive free copy of RiskMeter’s Hail report or to attend our Managing Hail & Tornado Risks WebEx on Wednesday, September 21st, please contact Amanda Brax at 617.737.4444 or Email
About RiskMeter.com
RiskMeter Online is used by underwriters and agents to automate property lookups. This Web-based solution utilizes Internet mapping technology to enable underwriters to determine the proximity to natural hazards for any property in the Unites States. It’s far more accurate and faster than any other method for determining property risk, and can save underwriters considerable time and money. The RiskMeter Online provides over 30 real-time reports, including Distance to Coast, FEMA Flood Zones, Rating Territories, Windpool Eligibility, RMS Data & Analytics, Individual AAL & PML Reports, Earthquake information and much more.
