Seasons Greetings from CDS!
2006 Year in Review
Probable Maximum Loss and Average Annual Loss Estimates
Top Ten Hail Prone Cities
Featured WebEx:Hail and Tornado
Flooded Maine Family Blames Error in Federal Maps
Southland's Extended Dry Spell Stokes Fire
California PML Zones Now Available
Top Ten Tornado Prone Cities
Upcoming Events - Meet the CDS Team!
Online Training Schedule!
Test Drive ANY Risk Report for One Month Free!
Welcome to Our Newest Customers!
Request a Hardcopy of the Newsletter
Contacts
Questions or Comments?
Help a Friend or Colleague
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| Seasons Greetings from CDS! |
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CDS Business Mapping would like to wish all of our
customers,
prospects and vendors a happy and safe holiday
season. We'd like to thank everyone for making 2006
a success, and we look forward to working with you
in
2007!
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| 2006 Year in Review |
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With 2006 rapidly coming to a close, RiskMeter would
like to review some of the highlights from the past
year. For new customers this is definitely worth
checking out.
http://www.riskmeter.com/riskmeter/news06.htm
Note: If you can't open this link,
please
copy and
paste it into your browser
Comments/Feedback
We will continue
to improve upon our RiskMeter
service. If you have any feedback or ideas on how
to improve the RiskMeter, please feel free
to contact Dan Munson, VP of Sales and Marketing
at 617.737.4444 or
dmunson@cdsys.com
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| Probable Maximum Loss and Average Annual Loss Estimates |
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CDS is looking to expand our earthquake and coastal
exposure reports to include Average Annual Loss and
Probable Maximum Loss estimates on a per location
basis. Users will be able to get an estimated
monetary value for a worst case scenario (Probable
Maximum Loss) and an annual loss scenario (Average
Annual Loss) for new and existing policies. We feel
these new features will help users to gain a better
understanding their risks, as well as provide a
valuable
tool for minimizing risk exposure.
CDS is
looking for
companies interested in this information to help us
to design our new reports. If you think this report
would be useful to your company, please let us know
by contacting Dan Munson at 617.737.4444
or
dmunson@cdsys.com
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| Top Ten Hail Prone Cities |
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CDS Business Mapping, LLC has just released its list
of the top ten hail prone metro areas. This list is
based on the RiskMeter Online’s Hail Model, which
predicts the severity of hail storms for any location in
the Continental United States. According to a new
report just released by the RiskMeter Online, the
following top ten hail prone metro-cities are as
follows:
- 1) Tulsa, OK
- 2) Amarillo, TX
- 3) Oklahoma City, OK
- 4) Wichita, KS
- 5) Dallas/Fort Worth, TX
- 6) Arlington, TX
- 7) Denver, CO
- 8) Colorado Springs, CO
- 9) Shreveport, LA
- 10) Kansas City, KS/MO
Hail events are a constant threat to property and
casualty insurers. In 2005 alone there were over
13,000 hail storms in the United States. In addition,
according to Swiss RE, 4 out of the top 20 most
costly insurance losses of 2005 were hail related.
For more information about the frequency
and
geography of hail, please contact Dan Munson, VP
of Sales & Marketing at 617.737.4444 or
dmunson@cdsys.com and ask to
receive a free copy of our new Hail Report.
Live Hail and Tornado Online Demonstration!
Our featured WebEx for January will be our hail and
tornado reports. This Online presentation will be
taking place Thursday, January 18th at 2pm (EDT).
To secure your spot, go to:
https://cdsys.webex.com
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| Featured WebEx:Hail and Tornado |
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Hail and Tornado losses continue to plague the
insurance industry. Although there is no way to
prevent hail storms and tornadoes, it is possible for
insurers to minimize their exposure to these recurring
natural catastrophes. The RiskMeter Hail and
Tornado reports can help users to identify areas with
high hail and tornado frequencies.
On Thursday, January 18th at 2pm, Dan Munson,
VP of
Sales and Marketing will be doing a live presentation
on RiskMeter's Hail & Tornado models. This WebEx
will benefit current users as well as prospects looking
for more information. This 1 hour presentation will
cover:
- Hail & Tornado Model Methodology
- Hail & Tornado Statistics
- How to Use and Interpret the Model
- And Much More!
Seats are limited for this event. To secure your
spot, go to:
https://cdsys.webex.com
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| Flooded Maine Family Blames Error in Federal Maps |
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Insurance Journal - December 6
A
family
devastated by the Mother's Day flood that inundated
their home along the Mousam River in Kennebunk,
Maine says errors in federal maps prompted them to
forgo the purchase of flood insurance, a decision
that came back to haunt them.
"It's just
this massive nightmare,'' said Yetta Chin. "What we
need is for someone to assume the accountability for
what destroyed our lives.'' To read the entire
article, please click on the link below.
http://www.insurancejournal.com/news/east/2006/12
/06/74753.htm
How RiskMeter's Flood Elevation Report Can
Help
The most common natural disaster
is flooding. Every state is susceptible to flooding and
this problem will only get worse due to new land
development and changes in weather patterns and
topology. RiskMeter's flood elevation report is the
perfect tool for underwriters to dig deeper when it
comes to evaluating flood risk. By simply typing in an
address, RiskMeter will return:
- FEMA Flood Zone
- Distance to Flood Zone
- Estimated Base Flood Elevation
- Elevation at a Location
- Estimated Height Above a Flood Zone
- Estimated Water Depth in a Flood Zone
- Aerial Photo (Optional)
This report will not only benefit underwriters, but it
will also benefit agents as well, by helping them to
sell
more flood insurance to people who live outside a
flood zone. For a two week complimentary trial
account, please contact Dan Munson at
617.737.4444 or
dmunson@cdsys.com
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| Southland's Extended Dry Spell Stokes Fire |
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LA Times - December 5, 2006
The wildfire that continued to rage Monday in
Ventura County has been propelled by what experts
describe as a remarkably dry year throughout
Southern California.
In the last few days
alone, climatologists say they have been stunned by
humidity readings.
The region hasn't seen a significant rainstorm since
May, which has left brush around the Southland dry
and brittle for much of the year.
This year's
dryness has left Southern California and the West
with more brush fires. In the last five years, there
have been an average of 70,000 fires burning 6.6
million acres in the United States. So far this year,
there have been more than 91,000 fires, burning 9.58
million acres, Redmond said.
To read the
entire article, please click on the link below.
http://www.latimes.com/news/local/la-me-
fire5dec05,0,471314.story?coll=la-home-
headlines
How can the RiskMeter Online Help?
As you can see from the previous article, it's
imperative for insurers to keep tabs on their wildfire
exposure. The CDS wildfire report benefits both
carriers and
agents by providing cost-effective ways to minimize
risk, maximize profits and write new business. Check
out some of our cutting-edge features below, which
are already being utilized by various carriers and
agents!
Batch Processing – Run an entire book of
business or a subset through the RiskMeter Online in
batch. This process enables carriers to get a clear
picture of their risk exposure, and it allows them to
make accurate underwriting decisions and pricing
adjustments!
Customized
Distances – More and more
carriers won’t accept policies if they fall within a
certain distance from brush. Since the RiskMeter
Online can be customized, we can alert
underwriters and agents that a policy won’t be
accepted because it falls within 300ft, 500ft,
1,000ft, etc., from brush.
Moratorium Areas – The RiskMeter now has
a
moratorium report that can be used as needed to
alert employees and agents that an area has been
closed for
writing new business. All users need to do is tell us
what zips, counties or areas are closed for writing
new business, and we will load it on our end.
For more information, please contact Dan Munson
at 617.737.4444 or
dmunson@cdsys.com
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| California PML Zones Now Available |
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Many brokers use PML (Probable Maximum Loss)
Zones in California to aggregate earthquake
exposure. We
have just added these maps to the RiskMeter Online.
For those of you who aren't familiar with PML zones,
they are defined by
the California Department of Insurance and are a
reporting requirement for insurers doing business in
California.
CDS can now run your policies in
batch and
append these zones to all of your CA business. If
you are interested or would like this report added to
your account, please contact Bradley Sherwin
at 617.737.4444 or
bsherwin@cdsys.com
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| Top Ten Tornado Prone Cities |
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CDS Business Mapping, LLC a leader in online hazard
mapping, has just released a report which includes a
list of the top ten
tornado prone metro cities. This list is based on the
RiskMeter Online’s Tornado Model, which predicts the
severity of tornadoes for any location in the
Continental United States. According the RiskMeter's
Tornado report, the following
top ten tornado prone metro-cities are as follows:
- 1) Aurora, CO
- 2) St. Petersburg, FL
- 3) Houston, TX
- 4) Hollywood, FL
- 5) Sioux Falls, SD
- 6) Little Rock, AR
- 7) Dallas, TX
- 8) Ames, IA
- 9) Oklahoma City, OK
- 10) Bloomington, IL
Tornado exposure has and always will be a
consistent threat to insurers. According to the
National Oceanic & Atmospheric Administration
(NOAA), in an average year the U.S. experiences
1,200 tornadoes, which kill 55 Americans, injure
1,500 and cause more than $400 million in damage.
For more information about the frequency
and
geography of tornadoes, please contact Dan
Munson, VP of Sales & Marketing
at 617.737.4444 or
dmunson@cdsys.com
Live Tornado & Hail Online Demonstration
Our featured WebEx for January will be our hail and
tornado reports. This Online presentation will be
taking place Thursday, January 18th at 2pm (EDT).
To secure your spot, go to:
https://cdsys.webex.com
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| Upcoming Events - Meet the CDS Team! |
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CDS will be attending or exhibiting at the following
upcoming
conferences. Whether you're a customer or
prospect, we'd love to meet with you onsite at these
exceptional events! Feel free to stop by our booth
or if you wish to schedule an appointment, please
contact Dan Munson at 617.737.4444
(dmunson@cdsys.com) or Bradley Sherwin at
617.737.4444
(bsherwin@cdsys.com)
CIWA Wholesaler Industry Day
January 11 - 13, 2007 *San Diego,
CA
CAT Modeling 2007
February 13 - 16, 2007 *New Orleans,
LA
Napslo Mid-Year Convention 2007
March 1 - 3, 2007 *Palm Springs,
CA
AAMGA Automation
March 10 - 13, 2007 *Atlanta, GA
Joint Marketing and Underwriting Seminar
March 18 - 20, 2007 *San Antonio,
TX
AAIS Annual Conference
April 22 - 24, 2007 *Charleston,
SC
Target Markets Mid-Year Meeting
May 7 - 9, 2007 *Atlanta,
GA
AAMGA Annual Meeting
May 20 - 24, 2007 *Paradise Island,
Bahamas
Western States Surplus Lines Conference
June 19 - 23, 2007 *Scottsdale, AZ
FAIA Annual Convention
June 21 - 23, 2007 *Kissimmee, FL
Insurance Leadership Forum
October 6 - 10, 2007 *White Sulphur Springs, WV
AAMGA Mid-Year Meeting
November 14 - 18, 2007 *Naples, FL
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| Online Training Schedule! |
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In order to help you utilize the RiskMeter Online more
effectively, we are now offering FREE Online
training.
This is a great way for your organization to have its
most pressing questions answered, learn about
reading various risk reports and discover how to
utilize
cutting-edge features, such as: Birdseye
Geocoding, One Click Ruler and Manual
Placement. To register for an upcoming
Webcast, click on one of
the links below or for more information, contact
Angela Sciola at 617.737.4444 or
asciola@cdsys.com
Western Risks
Wednesday, December 20, 2006
2:00 pm- 3:00 pm (EDT)
https://cdsys.webex.com
National Risks
Wednesday, December 27, 2006
2:00 pm- 3:00 pm (EDT)
https://cdsys.webex.com
Western Risks
Thursday, January 4, 2007
2:00 pm- 3:00 pm (EDT)
https://cdsys.webex.com
National Risks
Wednesday, January 10, 2007
2:00 pm- 3:00 pm (EDT)
https://cdsys.webex.com
Western Risks
Wednesday, January 17, 2007
2:00 pm- 3:00 pm (EDT)
https://cdsys.webex.com
Featured WebEx: Hail & Tornado
Exposure
Thursday, January 18, 2007
2:00 pm- 3:00 pm (EDT)
https://cdsys.webex.com
National Risks
Tuesday, January 23, 2007
2:00 pm- 3:00 pm (EDT)
https://cdsys.webex.com
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| Test Drive ANY Risk Report for One Month Free! |
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Would you like the opportunity to evaluate any one
of our risk reports without obligation? Now you can!
For a limited time you will be able to test-drive any
RiskMeter Online report for FREE! Take advantage of
this exceptional opportunity to see how a particular
risk report can benefit your organization. To add a
FREE, one-month risk report to your account, please
call 617.737.4444.
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| Welcome to Our Newest Customers! |
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MGAs
- Garrett/Mosier Insurance Services, Inc.
- ICAT Managers
- International Excess Agency, Inc.
Agents
- Beckerman & Company
- Continental/Marmorstein
- Great Insurance Services
- James Dreifus Insurance
- PPM Finance America
- Victor O. Shihnnerer & Company
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| Request a Hardcopy of the Newsletter |
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Having a hard time managing your inbox? You can
now receive the RiskMeter eNewsletter via regular
mail. To get the latest issue of the RiskMeter
newsletter delivered to your office (when it becomes
available), please email Paul Ptashnick at:
pptashnick@cdsys.com
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| Questions or Comments? |
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If you would like more information on any of the
topics discussed in this newsletter, please contact
Dan Munson, VP of Marketing & Sales at:
617.737.4444 or
dmunson@cdsys.com
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| Help a Friend or Colleague |
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Please forward this free newsletter to a friend or
colleague who might benefit from it. We only ask
that you send the entire newsletter. Thanks!
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