Coastal Risk Consulting’s customized flood risk reports now include new features that identify the risks of wind, tornados, earthquakes, wildfires and tsunamis for any commercial, residential, or municipal property in the U.S.
“Risk Meters” for natural hazard risks are included at no extra charge to customers who order Coastal Risk’s online Flood and Climate Risk Assessment™ reports at www.floodscores.com. These reports graphically display current and future flood risks of any coastal or inland property and are available 24/7/365. In addition, each customer is entitled to a free initial consultation with a Risk Management consultant from Coastal Risk’s Help Desk.
Coastal Risk’s President, Albert Slap, said: “Knowing a property’s vulnerability to damage and loss is the first step to safeguarding it. By expanding the scope of our award-winning flood risk reports, we’re providing a view of a property’s overall risks, enabling informed ‘buy, sell, protect and insure’ decisions. In the past year alone, Coastal Risk has supported $2 billion of commercial real estate investment and development. Our goal is to assist all property owners to learn about and proactively address their risks.”
Dr. Leonard Berry, Vice President and Co-founder of Coastal Risk, said: “More than $700 billion ofproperty is projected to be underwater by 2100 due to rising sea levels. The economic impact of wildfires in the U.S. is accelerating rapidly, reaching nearly $5 billion in 2017. More severe and regular wildfires can be expected as climate change makes forests and ranchlands drier. In addition, “Tornado Alley” in the Midwest causes hundreds of deaths and millions of dollars in damage. Knowing a property’s exposure to extreme weather and climate effects has never been more important.”