Anyone who has looked at flood data knows that FEMA is not the answer. It’s not that FEMA doesn’t try to accurately map what they believe to be floodable areas. It’s that FEMA is politically driven. As a city, you do not have to participate in FEMA mapping. Why would you not participate? Well, properties in flood zones tend to have lower valuations, and lower valuations tend to generate lower taxes. … Read More
Exact numbers for the devastation caused by Hurricane Harvey won’t be in for quite some time, but the storm surge damage estimates are nothing short of extraordinary. Melissa’s partner, HazardHub, the only third-generation provider of property-level hazard risk databases spanning the most dangerous perils in the continental United States, released a shocking calculation before the 2017 storm ever reached Texas.
HazardHub predicted that risk from the storm, depending on the hurricane’s Category ranking, could be double that of its competitor’s predictions.… Read More
Hindsight is, as we know, 20/20. But, what if, when it came to natural hazards
and their impact on your portfolio, you didn’t have to rely on hindsight? What if, you could understand your risks and
exposures before an event occurred and write and plan appropriately? Wouldn’t that be better than hoping and
praying that nothing bad happened?
Of course it would. … Read More