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 Coast, Distance 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.
HazardHub, the nation’s fastest-growing supplier of geospatial risk data, and JMI Reports, a leading insurance property surveying company have announced that HazardHub’s proprietary geographic hazard data and property characteristics will now be available through JMI Reports’ exclusive new report, QuickVUE.
Mike Ling, JMI’s Vice President of Client Relations stated that “JMI Reports Inc. is proud to announce that we have partnered with HazardHub. While researching data providers for our new and innovative QuickVUE product, HazardHub quickly rose to the top of our search. JMI values quality business relationships and it was evident that Hazard Hub looked to be a valued partner rather than just a data vendor. HazardHub’s prior data experience and their commitment to innovate by providing the highest quality and most comprehensive data in the marketplace made them the right choice as a business partner for JMI Reports.”
By identifying all the businesses in Harris County, TX (Houston area), based on location, and mapping those locations against FEMA’s floodplain maps as well as taking into account other elevation criteria, we are able to quantify the impact of flooding and storm surge from Hurricane Harvey. By looking at business revenue at the affected locations as well as the affected businesses debt and bankruptcy risk, the effects of Harvey become clearer. We also identified home-based businesses to illustrate the extensive exposure of that segment of commercial enterprises.
The above table shows the number of businesses expected to be “wet” in Harris County. The 84,562 businesses identified account for 23 percent of the approximately 375,890 active businesses in Houston as of the end of July 2017.
Of those affected, 55 percent are at a high risk of bankruptcy,