Case Study
Quantifying the risk of floods: The datasets needed for effective catastrophe modeling
Get beyond the map The Federal Emergency Management Agency (FEMA) has executed several flood mapping projects in the US. FEMA flood maps are efficient and play a vital role in understanding floods and flood prone areas. However, 25 percent of all flood-related property losses are located outside the 100-year flood plain. In some ways, uncertainty can be a bigger threat than a known disaster. Properties that are vulnerable to minor events (< 100-year frequency) and the properties which are outside the 100-year flood plains represent significant concerns to underwriters and emergency planners. The right data can make a difference. Now underwriters and catastrophe modelers can rely on a suite of flood hazard input layers to build their models efficiently. precisely.com | 877 7