Transcript CDS Business Mapping

CDS Business Mapping
RiskMeter Flood Elevation Overview
Presented:
October 5, 2006
The Risk Meter Online™
 Performs
property risk reports
– Quick, accurate, easy-to-use
– Check individual risks or an entire book for
geographic risks (Batch)
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Uses GIS (mapping) technology
– The right technology for the problem
The Risk Meter Online
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Distance to Shore
Flood Zone Determinations (First American)
Proximity to Brush Fire Hazards (All Western States)
MMI, Soil, EQ Scores
Crime Scores
State Windpool Eligibility
State Tax Codes
Sinkholes
FL Windspeed Credit Maps
Hail Exposure Index
Tornado Exposure Index
Rating Territory (Your territories)
Slope, Aspect, Elevation
Aerial Photos
 And More!!!
Key Flood Issues
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Flood risk does not end at the edge of the zone
– FEMA maps are modeled
– Changes to the surface topology and coverings affect
drainage and flooding
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It has been estimated that ¼ of all flood claims
occur outside of the 100 year flood plain
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Companies writing non-NFIP flood should be
concerned with risks beyond the 100 year flood
plain
Standard Flood Map
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Shown from above
For NFIP business,
everyone simply checks
to see if the property
falls “within a flood
zone”
No easy way to estimate
risk outside of the 100
year flood zones
Red-In the 100 year flood plain
Green-Outside the 100 year flood plain
The Ideas behind the new report
 Let
people know when they are at risk and
not in a flood zone
 Use elevation as the secret weapon
 Estimate this risk by returning
– Proximity to the flood zone
– Estimated height above the flood zone
Profile View
A Comparison
Overhead View
Profile View
This is a House in a Flood Plain
The location falls
within the extents
of the flood plain
This is a Flooded House in a Flood Plain
Base Flood Elevation (BFE)
is the elevation of the surface
of the water when flooded to
the 100-year flood level
Is this House at Risk?
This house is not
in a flood zone,
but it is very close
What if the FEMA Maps are Wrong?
-FEMA Maps are modeled
-Floods are often worse than
predicted by FEMA
-25% of all flood losses occur
outside of 100 year flood zones
Concept behind new Report
Make better
decisions about
properties close to
100 year flood
zones
Information Returned
 Standard
fields in RiskMeter flood reports,
plus:
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FEMA Flood Zone
Distance to nearest flood zone (A or V)
Elevation
Estimated Base Flood Elevation (eBFE)
Estimated height above flood zone
In a Flood Zone, estimated water depth
Benefits
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Excess Flood Providers
– Better evaluate risks that are near flood zones
– Recognize the risk, even though the property is located
outside of the flood zone
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Agents/Companies selling flood insurance
– Let people know that they are very close to a flood zone
– Explain the risk, and how inexpensive flood coverage
will be
– Sell more flood insurance
– Valid for both NFIP and non-NFIP business
Future Enhancements
 Storm
surge modeling will be added
 Identifying areas protected by levees
 Better elevation shading
 Overlay risk layers on aerial photos
Questions?
Dan Munson
Vice President of Sales & Marketing
CDS Business Mapping
67 Broad St. – 6th Floor
Boston, MA 02109
617-737-4444
[email protected]
www.riskmeter.com