Blog

May 16, 2018 | IN Blog

Data Provider of the Year!

When we set out to build HazardHub, we had three main goals in mind.

The first goal was to develop the best, most comprehensive property risk data available. Check!

The second was to make our data really easy to work with by making it visible. It’s why we have tools like Distance to CoastDistance to Fire Station and Distance to the Nearest Fire Hydrantall available on our website. Unlike other providers of hazard data, we don’t hide – we put it out there for the world to see. It’s also why we let people try our API for free – we want users to love our data before ever committing to it.

The third – and most important – is that we want HazardHub to be a really easy company to work with. As John Siegman (one of our co-founders) likes to say, “We’re the fun and friendly guys of hazard data.”

Every once in a while it all comes together and someone recognizes what we’re building here at HazardHub. Earlier today, we were named “Best New Provider of Data” by Fenris Digital, a provider of data-driven insight for insurance carriers. We’re super-stoked to be chosen!

As always, we’re here to help. Let us know how we can put the power of HazardHub to work for you!

May 10, 2018 | IN Blog

Why is finding insurance so difficult?

So I’m looking to shop my homeowner, auto and umbrella policies…and the process for doing so is – frankly – frustratingly horrible. Each site has a super-detailed form that wants the same exact data you’ve typed into every other form on other websites. It maddening, mostly because it’s almost completely unnecessary.

This should be a relatively fast process, driven by SSN and address – which is how almost all of this data is stored.

One of the reasons is because the data industry has pounded insurance carriers into cost avoidance by charging a lot of $$ for every single inquiry – if you want to know the risk, you have to pay. At HazardHub, we think this is silly – #carriers can get our data and only pay us when they bind – aka – we’re successful when they’re successful. We believe it’s the way the industry SHOULD run. BTW – I ended up bailing on the online forms…after the 6th page of data entry. If you’re an insurance carrier who wants fast access to hazard and property characteristic data, let me know. We’re happy to help. 

April 18, 2018 | IN Blog

HazardHub hires Geospatial Expert Joe Litchfield as Chief Data Officer

SAN DIEGO, CA – HazardHub, the nation’s fastest-growing supplier of geospatial risk data, has announced that geospatial veteran Josef Litchfield has joined the company as Chief Data Officer.

Brady Foust, Chief Scientist of HazardHub, says “in order to expand HazardHub’s science and point data, we needed someone who is skilled at geospatial data acquisition. We’re bursting at the seams with ideas about improving hazard data. Joe’s experience, expertise, and skill with geospatial data is a welcome addition to the HazardHub team. “

Joe adds “I am incredibly excited to join HazardHub. They are far and away the most innovative and aggressive company in the geospatial hazard data market. I’ve been impressed with what HazardHub has been able to accomplish in the last year and look forward to accelerating HazardHub’s fantastic growth.  My goal is to make HazardHub’s complex geospatial risk data easy to consume, understand and integrate.”

Bob Frady, CEO of HazardHub, says that “HazardHub publishes more than 40 separate databases from over 700 sources that go far beyond traditional cat-model derived risks including elements like hydrant locations, underground storage tanks, toxic release sites, and probabilistic lightning strikes. In order to continue our growth, we needed someone with far-ranging data expertise.

Adding someone of Joe’s caliber is a testament to the great work we’re doing at HazardHub. We’re committed to not only creating fantastic products that power our client’s success but also to create an invigorating place to work. Joe’s vast experience with geospatial data fills a key need for HazardHub. I’m looking forward to working with Joe to create the next generation of geospatial hazard data.”

December 08, 2017 | IN Blog

The Three Little Pigs teach Risk Mitigation

The three most famous houses for risk exposure are the one made of straw, the one made of sticks, and the one made of bricks.  Occupied by our friends, the three little pigs.
These three houses face extreme local straight-line wind exposure courtesy of the Big Bad Wolf.  The key lesson taught by this fable is that the better prepared you are for risk exposure, the more likely it is that you’ll come out on the bright side after the risk has passed.  Unfortunately, we see it every day that some children and many adults did not heed this moral.
Enter HazardHub.
While HazardHub does not provide Wolf Based Wind Scores (WolfHubTM) we DO provide risk scores on just about every other bad thing that can happen to your home or business. We are strong believers in the power of mitigation. After all, many times you can’t just up and move from your location.  But to know what to mitigate for, you have to understand the risk around you.  Like the first two little pigs, most people don’t understand the risks around their property.  Let’s not overly reward the third little pig. While he certainly did mitigate for Wolf Based Wind, building his house near a forest potentially exposed him to wildfire.  Seeing that he was planning on farming there had to be a body of water nearby for irrigation exposing his house to flooding as well.  Lack of knowledge is the leading cause of hazard loss.
That’s why HazardHub provides www.freehomerisk.com.  So anyone in the US can get a better understanding of the hazards that affect their property.  For example, this address in Miami, 701 South Miami Avenue returns a risk identification report like this:


risk-property-scan


All of the hazards lit up in green are hazards that are applicable to that specific address.  Not every address will have every hazard as hazards are regional in nature.  For example, Florida Sinkholes only happen in Florida, while Tsunamis only happen to places with exposure to the Pacific Ocean.  Once you’ve identified the risk types to be aware of you can investigate further by getting the Risk Exposure Report Card with grades specific to the address.
For 701 South Miami Avenue, Miami, the Risk Exposure Report Card looks like this:


risk-property-report-card


As you can see, at this address you (and the three little pigs) have a lot more to be concerned about than just Wolf Based Wind.
Don’t be like the Three Little Pigs. Find out what’s around your house today at www.freehomerisk.com
If you want to know how to apply HazardHub data to a whole lot of properties – either all at once or one at a time – contact us at www.hazardhub.com

November 22, 2017 | IN Blog

How do you get a better handle on Storm Surge?

We’ve been hearing a LOT about Storm Surge and the devastating impact of surge for both Hurricanes Harvey and Irma.

While we won’t know the damages from either hurricane for awhile (although the damages of both storms are estimated in the tens of billions), we can help to answer one question – how can communities, insurers, and individuals be better prepared for the risk from storm surge?

The key step is to be aware. Knowing the risk of storm surge for a specific property – and mitigating those risks while the weather is good – can go a long way to making sure your property minimizes storm surge damages.

Storm surge models have improved drastically over the last several years, as topographical maps and satellite imagery have improved. Our SurgeMax model is one of the newest, most powerful surge score models available and offers very low-level resolution – down to 100 feet.

We looked at data for the last major storm surge impact in Florida – Hurricane Matthew. Here’s what SurgeMax showed for one of our actuaries –

SurgeMax - Matthew

SurgeMax not only accurately classified storm surge claims for Florida, it was the single most powerful variable available to the carrier for predicting the risk from storm surge. While every storm is different, SurgeMax offers unprecedented insight for insurers and municipalities to properly assess their risk.

At HazardHub, we’re constantly working to provide the best, most accurate risk assessment tools available. If you’re an insurer (or a self-insured business) that would like to know your danger from storm surge, please visit us at by clicking here. We’ll code your files with our data and let you prove the value for yourself.

PS – Many thanks to Steve Kolk for his expert analysis!