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In This Issue
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Featured
WebEx: EQECAT Earthquake Transition
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Featured
WebEx: Advanced Flood
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EQECAT
WIND AAL & PML Coming Soon!
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Flood
Study
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KY
Tax Code Improvements
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Virtual
MGA WebEx Recording
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Sinkhole
Update
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LA
Storm Surge
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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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Featured WebEx: EQECAT
Earthquake Transition
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CDS will be phasing
out the old EQECAT (EQE) Earthquake reports and will be replacing
them with new, improved reports that return slightly different
information. If you're a user of our EQE Earthquake Reports,
it's highly recommended you attend the WebEx event below.
On Tuesday, June 29th at 2PM (EDT), Dan Munson, Founder,
RiskMeter Online will unveil our new EQE Earthquake reports. In
order to provide our users with the most up-to-date earthquake data,
RiskMeter will leverage new software, which interfaces with EQE's
main product line WorldCatEnterprise (WCe). To learn more about
this transition, view sample screen shots or to register for this
WebEx, please go here
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Featured WebEx: Advanced
Flood
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On Tuesday, July
13 at 2PM (EDT), Dan Munson, Founder, RiskMeter Online will lead
a WebEx, which will cover our FEMA Flood, Flood Elevation and Storm
Surge Reports. By attending this WebEx, you will learn:
- How
to evaluate flood risks outside of the 100 year flood plain
- Why
the Storm Surge Report is a must in coastal areas, even if you
check the flood zone
- Advantages
of Manual Placement
- Benefits
of ordering Manual Flood Determinations
- Flood
Updates: FEMA vs RiskMeter - What are the differences?
- Why
it's important to use up-to-date flood data
- How
to use aerial overlays to assess flood risk
- How
batch processing can help you to quickly identify high risk
policies in your books of business
To register for the WebEx, download white papers and
view flood statistics, please go here
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EQECAT WIND AAL & PML
Coming Soon!
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CDS is in the
process of adding EQECAT's USWIND model to the RiskMeter
Online. Bring the sophistication of catastrophe modeling to
your underwriters' desktops in a quick and simple package! 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. This report will cover 3,100 miles of US
coastline and include all states susceptible to North Atlantic
Hurricanes, including PR. This expands on our current EQE
offerings, which focus mainly on EQ risks, and compliments the EQ
AAL's and PML's we already offer from EQE. This report is
perfect for brokers and underwriters who are looking to
analyze their hurricane risk. For more information, please
contact Dan Munson, Founder, RiskMeter Online at 617.737.4444 or
dmunson@cdsys.com
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Flood Study
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According to
oft-quoted statistics from FEMA, between 1/4 & 1/3 of all
flood losses happen outside of the 100 year flood zone.
This is a large number! To help underwriters to evaluate the risk of
flooding near a flood zone, we've created the Flood Elevation report.
Besides the FEMA flood zone, this
also provides the user with the distance to the flood zone, and the
elevation above or below the BFE. In addition, over the
years we have added a manual placement tool and aerial
overlays to provide our users with additional features to assess
flood risk.
To make the most of these new tools, however, we decided it would be
very helpful if we had answers to the following important questions.
- How
far away from flood zones do claims occur, and with what frequency?
- What
elevation differences are needed to ensure safety?
- What
percentage of flood claims are in flood zones?
With this in mind, we are looking for customers who
would like to share claims data with us, and in turn, we would share
the results with the participants and the group. What we are
looking for are:
- Addresses
of claims
- Amount
of claims (optional)
- Flood
Zone you had assigned to the policy
We will only share
aggregate statistics with the group. No policy level
information will be shared. In addition, we are willing to sign
a NDA to this effect.
If you would like to participate, please contact Dan Munson, Founder,
RiskMeter Online at dmunson@cdsys.com or speak with your
account representative at 617.737..4444
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KY Tax Code Improvements
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CDS has just added
new features to RiskMeter's KY Tax Reports. These features have
to do with effective dates and dealing with certain cities where
multiple codes apply. The effective date logic allows companies
to assign the proper codes based upon a certain policy date. As
for multiple codes, there are certain cities where a tax is due to
both the city and county. These additions should make it even
easier for RiskMeter users to assign policies to the correct tax
jurisdictions. For more information, please speak with an
account executive at 617.737.4444
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Virtual MGA WebEx
Recording
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On Wednesday,
June 9, 2010 at 2PM (EDT) Virtual MGA and RiskMeter Online
unveiled Virtual MGA's integration of
RiskMeter into its risk placement platform. Through this
partnership, it's now possible to pre-fill and validate natural
hazard risk data directly into the rating engine component of Virtual
MGA's Web-based, risk placement platform. If you couldn't
attend this WebEx, we've recorded it so you may view it at your
convenience! To request a recording of this WebEx, please
contact Val Feeney at 617.737.4444 or vfeeney@cdsys.com and he will send
you a link.
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Sinkhole Update: Over
12,000 Sinkholes in Clearinghouse
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This winter has
been a very active one for sinkhole claims. We have seen
unprecedented interest in finding ways toidentify sinkhole prone
areas and to mitigate sinkhole claims. RiskMeter continues to make
important progress in this area. Our goal is to have the most
complete sinkhole database for Florida. Currently, we are in the
process of expanding our sinkhole clearinghouse, by adding data from
county clerks' offices and other sources from the Florida counties
most affected. We have added 8,500 confirmed sinkholes to our
clearinghouse in the past month by incorporating this data,
bringing the total number of sinkholes in our database to over
12,000!
RiskMeter users can opt-in to use this data if they wish, or they can
also choose not to use it. Additionally, included in these records
are sinkhole claims by participating carriers, which are not
available anywhere else. If you are interested in the Sinkhole
Clearinghouse please contact Dan Munson at 617.737.4444 or dmunson@cdsys.com
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LA Storm Surge Update
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CDS has recently
completed new storm surge data for Eastern Louisiana, including the
New Orleans Metro area. This CDS
derived data replaces the storm surge data that CDS originally
received from the State of Louisiana Office of Emergency
Management. CDS used elevation, levee, and SLOSH data to
painstakingly map this area. Levees around New Orleans are
its only defense and can be easily flooded from even the smallest
hurricane without them. Our new maps take the levees into
account. We were able to obtain maps showing the levee heights
and used these to factor the levees into the surge modeling.
That being said, our new maps still show that New Orleans would be
flooded by a strong Cat2 hurricane. These maps will be
available online within the next week. Now all of CDS's storm
surge data is consistent and engineered through CDS's proprietary
methods from TX to ME.
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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 dmunson@cdsys.com
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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 (dmunson@cdsys.com) or Bradley
Sherwin (bsherwin@cdsys.com) at 617.737.4444
FAIA Annual Convention
June 24-26, 2010 * Orlando, FL
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
To attend one of our Featured WebEx events, please register here.
National Risks
Wednesday, June 23, 2010
2:00 PM - 3:00 PM (EDT)
Featured WebEx: EQECAT Earthquake Transition
Tuesday, June 29, 2010
2:00 PM - 3:00 PM (EDT)
Western Risks
Wednesday, June 30, 2010
2:00 PM - 3:00 PM (EDT)
National Risks
Wednesday, July 7, 2010
2:00 PM - 3:00 PM (EDT)
Featured WebEx: Advanced Flood
Tuesday, July 13, 2010
2:00 PM - 3:00 PM (EDT)
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