Insurance Risk Calculations: Flood, Fire, Earthquake, Wind, Distance to Shoreline
5. Insurance Risk Calculations: Flood, Fire, Earthquake, Wind, Distance to Shoreline
In some industries, especially insurance and especially property and casualty insurance, the risk is affected by the proximity to what are called perils. Many issues in insurance are inherently geographic and spatial in nature. These services are at present US-only. Separate from this service, the raw data can be licensed.
- Flood Risk
- Fire Risk
- Earthquake Risk
- Wind Pool Risk
- Distance to Shoreline/Coastal Waters Service
IMPORTANCE OF GEOCODING: Keep in mind that all proximity calculations such as these depend on a quality geocode. These services will provide accurate answers for whatever is inputted, but if the coordinates aren’t right to begin with, the answers may not be right. Geocode coordinates from consumer systems like Google™ or Bing™ are often wrong enough that you would be getting wrong answers. We recommend using quality geocoding. See Geocoding above.