News

September 11, 2018 | IN Information

Now THIS is Some Awesome Flood data!

At HazardHub, we’re always working on ways to provide better, cooler, more meaningful data to our clients. It’s just how we roll.

Flood is a hot topic for insurers right now. Between new entrants trying to write private flood policies to current carriers trying to get a feel for their commercial flood risk, we’ve seen an enormous uptick in interest for accurate, actionable and affordable flood data.

One of the problems with FEMA flood data is that it’s not organized as well as it could be. It’s messy, it’s cryptic, and the data is located in a number of different data repositories – flood map data elements are in a number of different places, participating communities are in another and FIRM map metadata is in yet another location. What happens is a community doesn’t have a map or if you simply want a second look at flood that does not consider FEMA’s flood zones?

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May 10, 2018 | IN Information

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 –

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March 23, 2018 | IN Information

New API Layout

Our API has grown rapidly in the past year. As a result, we’ve had to make some changes to our API structure.

Basically, we’re using a LOT more parent/child relationships with our data elements. We’re leaving as many current fields as possible the same, with the notable exception of flood – which you can see if you scroll to the bottom of the page. All NEW data elements will adhere to parent/child.

We’re sorry for any short-term pain this may cause…but it’s long-term gain that still delivers all data via a single API. Of course, if you have any questions please reach out to use at support@hazardhub.com. And if you haven’t yet signed up to our API, the address is api.freehomerisk.com

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February 13, 2018 | IN Information

JMI Reports Chooses HazardHub to Provide Hazard and Property Information for its QuickVUE Automated Reports

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.”

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December 20, 2017 | IN Information

The Commercial Impact Of Hurricane Harvey On Harris County, TX

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.

Bankruptcy-Exposure

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,

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