Proxix Solutions has developed a new storm-surge model that generates storm-surge inundation polygons for all counties along the Gulf and Atlantic Coasts. Accounting for changes in coastal elevations and barriers to inland surge-water movement, the model produces risk polygons identifying five zones of storm-surge risk, from low to extreme.
Integrating the storm-surge model into Proxix's automated solution called CATUM, underwriters input an address or latitude and longitude and receive a detailed risk score for a specific property or location. With CATUM's highly accurate parcel-level geocoding technology, carriers can outperform rule of thumb rating techniques that affect their profitability.
In addition to its coastal risk module, CATUM also evaluates other hazard risks such as wildfires, and damaging winds. www.proxix.com.
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