CDS Business Mapping, an online hazard mapping service, has added a new storm surge report to its RiskMeter Online real-time, natural hazard risk report service. Currently, this report is available in the following states: Alabama, Florida, Georgia, Louisiana, Massachusetts, Mississippi, North Carolina, New Hampshire, New York, South Carolina, and Texas with more states to be added in the coming weeks.
The storm surge report is based upon the SLOSH (Sea, Lake, and Overland Surges from Hurricanes) storm surge model. This report will let users know if a property falls within an area likely to flood from a hurricane of a specific strength, as well as the maximum storm surge height for each category of storm. This report improves on flaws with existing storm surge models, providing insurers with more information. Although flood maps approximate storm surge levels, RiskMeter's storm surge reports are more detailed and provide users with a more realistic assessment of coastal flooding.
"With the start of the 2007 hurricane season rapidly approaching, property/casualty insurers are keeping their fingers crossed that this hurricane season will be relatively uneventful like 2006," says Dan Munson, founder, RiskMeter Online. "Hurricane Katrina showed us that insurers should be very concerned with storm surge when a hurricane hits. Unfortunately, most insurers don't have effective tools to gauge the potential impact of storm surge. With our new report, we're trying to help insurers to assess the potential hazards of coastal storm surge."
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