HazardHub, the USA’s fastest-growing supplier of geospatial risk data, a 2020 Gartner Cool Company, and current Lloyd’s Lab participant – announces the release of a major advance in flood modeling with the release of the HazardHub Enhanced Flood Model and the HazardHub Catastrophic Flood Model. Insurers, property specialists, and municipalities can now see what happens when catastrophic, soaking rains hit any part of the United States.
Dr. Brady Foust, Ph.D. and HazardHub’s Chief Scientist explains, “For the longest time, insurers, business owners and consumers have been vexed by one question – why is my supposedly safe property now underwater? Part of the reason is that current flood models are meant to strike a balance between obvious flood risk and the desire to build property – these models ignore the impact of climate-driven, sustained, catastrophic precipitation.