Ian Bartholomew’s Post

Understanding the potential risks of flooding helps individuals and businesses prepare more effectively to safeguard their properties and investments. AI and other technological advancements are contributing to that awareness by providing a clearer picture of what will likely happen during the next serious weather incident, including damage predictions for hurricanes and flooding from any major storm through 3D visualization – a new approach being piloted for some of Texas’ coastal communities. https://lnkd.in/g8Paxe-c Cutting-edge risk assessment technology that can help people prepare for the potential damage that lies ahead is also of great use for underwriting in the insurance industry. At Wright Flood - Nation's Largest Flood Insurance Company, we're using data generated from our proprietary modeling system to predict flood risk and set premiums for policyholders. We can offer more accurate and personalized insurance solutions by integrating sophisticated AI-driven models with real-time weather data. This enhances our ability to mitigate risks and ensures that our clients receive the most appropriate coverage at competitive rates. Take, for example, our FocusFlood program that integrates the latest in flood modeling technology and geospatial analysis, combined with systematic decision-making to provide a granularly accurate and affordable primary flood coverage for residential property owners. As we refine our technology and predictive capabilities, our commitment remains to provide exceptional service and protection. We believe that staying ahead of technological trends and incorporating them into our processes is key to helping our clients navigate the challenges posed by climate change and severe weather events. Learn more about our FocusFlood technology here: https://lnkd.in/gk6UWZYC #Insurance #AI #Insurtech #Flood #WeAreFlood 

Check out this article about understanding flood risk by our EVP and CMO, G. Michael Sloane.

🏘️ The rising cost of roofing materials is more than a trend. It's a clear message to insurance companies to expect higher claims costs. The 2024 Severe Convective Storm Risk Report noted a sharp increase in roofing costs, with asphalt shingles jumping 40%, ceramic tiles by 26%, and roofer labor costs by 18%. Insurers, this is an opportunity to rethink customer engagement and education. 🤝 Here are a few ideas: ➡️ Inform policyholders about preventive measures against hail damage. ➡️ Explore partnerships with roofing companies for efficient claim processing. ➡️ Use technology like satellite images and drones for accurate damage assessment. The goal? Balancing efficiency with customer satisfaction. Explore more in CoreLogic's report 👉

Are you aware of new technology that can help you with storm damage and any weather-related event? Here's some groundbreaking technology. And beware fraudsters; you are now more likely to get caught.

Why Thermography is Essential in Tropical & Sub-Tropical Climates In areas with high humidity, frequent storms, and flooding, property issues can escalate quickly. Waiting for insurance assessments can be frustrating, but Thermography speeds up the process by revealing damage that's invisible to the naked eye. Bruni Infrared offers Certified Thermography Reports that help fast-track claims and support preventive maintenance. Top 3 Reasons Thermography is a Property Game-Changer: 1 Fast and Reliable Reports – Our certified thermography reports provide unbiased, scientific proof that’s fast, safe, and reliable. 2 Visual Proof with Thermal Images – Thermograms let you see exactly where the problem is. No more guesswork—insurance adjusters and property owners can visually confirm the issue. 3 Hidden Problems Detected – Thermography uncovers issues hidden behind walls and floors, from moisture intrusion to pest infestations and electrical issues. This early detection can save on costly repairs. Thermography is like a property superhero for preventive maintenance, faster insurance claims, and smooth property sales. Protect your investment with Bruni Infrared’s proven expertise. We’re here to help you! #bruniinfrared #Thermography #PropertyInspection #InsuranceClaims #FloodDamage #MoistureControl #SouthFlorida BruniInfrared.com #PreventiveMaintenance #HomeInspection #InfraredInspection #PestControl #ElectricalSafety #palmbeach 561.602.9098

Data and materials to get after hail loss event and PVModuleTech: Looking forward to discussing hail risk and mitigation at PV ModuleTech Tuesday and Wednesday this week in Napa. Come find John Sedgwick or me at the VDE Americas table. Also, this is turning out to be a severe hail season. Ensure there are hail monitoring and stow protocols in place (see last post). And if you have a hail event, here is a list of data to try to get for forensic analysis and insurance claims. - Photographs and videos of damaged components - Hail samples preserved in sealed plastic bags (and kept in freezer) - Weather reports confirming the date, time, and severity of the hail event - Witness statements attesting to the hail event, approximate size of hail stones, and damage - Samples of damaged materials (e.g., solar modules) - Maintenance and inspection records demonstrating pre-loss condition - Satellite and radar imagery supporting the occurrence and severity of the storm (see attached) - PV module photographs showcasing specific damage - Infrared imaging to identify hidden damage or hotspots - Module serial numbers for tracking damage and warranty claims - Locations and tilt angles of modules with and without damage - Documentation of wiring, junction box, inverter, and transformer damage (if any) - Site layout and design documents - SCADA data before and after the event, including power output, inverter performance, string-level monitoring, weather station data, alarm logs, and historical data - High-frequency met station data, especially wind speed and direction during the hail event - Photographs of hail craters in mud or soft ground near the solar power plant.

Underwriters need to know the distance-to-coastline of potential insureds since it directly affects a property's exposure to severe weather events like hurricanes and coastal flooding. Properties closer to the coast are generally at a higher risk for wind and water damage, which increases the likelihood of claims. By understanding a property's proximity to the coastline, insurers can better assess the risk of damage and set premiums that reflect the potential financial exposure. This article demonstrates how to compute distance to coastline for a set of hypothetical properties, and assign each to different risk groups based on distance thresholds. https://lnkd.in/gxFDhRUq

Store all your important insurance documents in a safety deposit box and/or on the cloud to protect them from weather-related hazards. For more tips on how to prepare for a flood, visit: https://lnkd.in/eKKjqVpn #RecordsInformationManagementMonth #FinancialCapabilityMonth #MDInsurance #MDReady #BePrepared #TipTuesday

The severe weather pattern sweeping the country isn't done yet. More dangerous and damaging thunderstorms are on the way at midweek for the central United States and some may pack strong, long-lasting #tornadoes. Flash #flooding is also a major concern in multiple states. https://lnkd.in/eaAqPyyS #severeweather #winddamage #HailDamage #waterdamage #propertycasualty #propertycasualtyinsurance #insurance #insuranceclaim #insuranceadjuster #claims #claimsadjuster #independentadjuster #CATclaims

Destructive weather (thunderstorms, convective storms) is a fact of life now, accounting for 70% of insured losses. That's $60Bn in H1 of 2024 - a full 60% above the 10-year average. So, what are we going to do about it? Ready.gov (US Dept of Homeland Security) has great advice for wildfire, hurricane, and flood preparation. Are your customers following that advice? Are they visiting the right sites and doing the research to understand what applies to them, and taking the appropriate action to harden their homes? 😎 The Alana AI platform helps you help them. It takes into account home structure, weather patterns, climate, and a host of other variables to provide targeted instruction and proactive advice. The result? Lower claim expenses - and we've proven it. Ask us how [email protected] #predictandprevent #customerexperience #customerengagement #homeownersinsurance #claims #riskprevention #ai #insurance Insurance Insider: https://bit.ly/3YBSO23 Reinsurance News: https://bit.ly/4d4VCJr Ready.gov severe weather page: https://bit.ly/3SF2e9i