Every January GISCafe Voice publishes blogs of industry predictions from our readers. This is the second installment of those predictions. This year we have extended the deadline for submissions to January 14th for entries.
Archive for the ‘insurance’ Category
The Notre Dame Cathedral has been well-documented both before and after a devastating fire destroyed its spire and roof on Monday, April 15, 2019. What we have going forward is extensive documentation in the forms of satellite imagery, aerial imagery, as well as 3D laser scans to help in the reconstruction of the Gothic cathedral.
DT Research, designer and manufacturer of purpose-built computing solutions for vertical markets, recently announced the DT380CR and DT380Q rugged lightweight tablets, weighing two pounds and light enough for field workers to carry all day, yet with an 8-inch display that is large enough to facilitate a large number of indoor/outdoor computing assignments as well as provide high brightness with capacitive touch. These new tablets have IP65 and MIL-STD-810G ratings for military-grade durability, seamless information capture-transmission capabilities and hot-swappable batteries result in no work interruptions– increasing productivity while simultaneously offering organizations an affordable rugged solution.
Welcome to Part II of our GISCafe Industry Predictions for 2019.
As we had so many responses to our request for predictions, this series will take several parts. This installment includes writings from Pitney Bowes, VESTRA, Presagis, and Microdrones.
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, recently announced the launch of its new publicly-accessible risk information resource center, Hazard HQ(tm). This new information hub will offer individuals, media and companies high-level analyses and up-to-date data insights on the immediate risks natural catastrophes pose to properties across the country.
The latest risk summary for Hazard HQ focuses on the ongoing California wildfires. As comprehensive risk assessment needs increase alongside growing economic losses from natural catastrophes, Hazard HQ offers a high-level risk perspective for individuals and companies who wish to understand how hazards like earthquakes, floods, hurricanes, severe convective storms, wildfires, wind and volcanic activity can impact their regions.
Senior leader of content and strategy for CoreLogic, Maiclaire Bolton Smith, spoke with GISCafe Voice about the new resource center and how it is dedicated to offering catastrophe insights about events while they are happening.
Does Hazard HQ take in citizen information?
No, it focuses on information from CoreLogic. Corelogic can provide insight and information, whether wildfire, hurricane, earthquake or flooding, and offers insights on number of properties that could be at risk, or on an area that could be impacted and the home value that could be lost. No information is pulled from citizens. It’s our opportunity to share information with others to help them protect themselves and be able to restore from financial catastrophe.
It really evolved as a way for us to share information easily.
We’ve had all these devastating wildfires this summer already. We always try to learn from the events that have happened. We’ll always be providing more information on research. For example, with regard to the wildfire that happened in Sonoma County, California last year that impacted Santa Rosa, over the past six months we’ve done a lot of research looking at the reconstruction from that wildfire and the state of the homes being rebuilt and looking at some of the insurance impacts and implications from that event happening. An event doesn’t end when an event ends, it’s a long process afterwards to really recover from it, so we will continue to share more information on an ongoing basis as we continue to research events.
How do you expect risk analysis you’ve done last year is going to impact or help in the assessment of the damage of the Mendocino fire, as an example, right now?
The biggest factor is that it brings awareness to the impact that these devastating events do have. We hear about the hundreds of thousands of acres burned, but a lot of times the fires are burning in remote areas and there are not a lot of properties at risk. It’s devastating to see the area burned, but what we want to focus on is bringing awareness to insurers and other people about where there are homes and properties at risk, and focus on the human aspects of it. What people can take away from our previous research, is
Say a customer is obtaining insurance for things they expect but what about these events that happen way beyond anyone’s expectations?
Unfortunately, those rare events are the wild card that are really beyond planning scenarios. I’m actually a seismologist by training and I spend a lot of time training people to know their earthquake risk. I always say the number one thing people can do to prepare for an earthquake, is believe that it can happen, and that’s the same with all disasters. The possibility is there that it may occur. These are hard for people to conceptualize and plan for.
At CoreLogic we do risk modeling where we look at the range of events that can happen – the more common events to the very extreme events. That’s the information we provide to insurance companies, including what could the worst-case scenario even look like.
I have spoken to CoreLogic many times. In the past the company has said with the fires we’re expecting an increase in losses to homes because people have built closer to forests, and forests are not cleared as often, we run the higher risk.
Front and center in the news right now is Hurricane Harvey and resulting devastation, which will most likely remain in the news for awhile.
About two weeks ago, Esri launched a collection of web maps that display NOAA forecast streamflow data for the continental U.S. NOAA’s recently released National Water Model. Data from the Model combined with the National Hydrography Dataset and fed by NOAA’s National Weather Service data, forecasts the flow of water along the 2.7 million stream segments in the continental U.S. in ArcGIS Online.