FT. LAUDERDALE, Fla., July 15, 2015 — Coastal Risk Consulting, LLC (CRC), the leading online flood prediction technology company, has unveiled the first-of-its-kind flood forecast service for more than 50 million coastal properties in the U.S.
The online Coastal Risk Rapid Assessment™ forecasts the frequency and severity of non-storm flooding for individual properties over a 30-year mortgage cycle, as well as depth of flood waters relative to a property’s base elevation.
The Coastal Risk Rapid Assessment can now be purchased online by simply entering a property’s address at www.coastalriskrapidassessment.com.
Custom reports for neighborhoods, communities, businesses, and governmental facilities can be ordered from Coastal Risk Consulting at www.coastalriskconsulting.com.
“Better information leads to better decision making,” said Albert Slap, Coastal Risk Consulting’s President. “CRC’s proprietary algorithms, derived from state-of-the-art geospatial analytics, generate fast, affordable and accurate flood assessments. Our reports enable homeowners and prospective home buyers, investors, realtors, home inspectors, lenders and insurers, businesses, and governments to make more informed decisions about the resilience of real estate assets in the face of inexorably rising sea levels and other climate impacts. “Knowing the flood risk of private or public property is priceless information,” he added.
The need for better flood risk information has never been greater. Chronic and increasing ‘nuisance’ or sunny-day’ flooding from rising sea levels and tidal flooding already affects Annapolis, Norfolk, Miami Beach, San Francisco and other cities in U.S. coastal and estuary flood zones.
In addition to providing individuals with important data about their properties, CRC’s products enable real estate brokers and home inspection services to easily and inexpensively provide value-added flood risk information to their customers. Financial institutions that underwrite or package mortgages will be better able to rate borrower creditworthiness and property risk in view of the impact of future flooding on property values and borrowers’ ability to repay their loans.
For Further Information:
About Coastal Risk Consulting:
A Florida-based LLC formed in 2014, Coastal Risk Consulting’s management, scientific team and board include preeminent leaders in the field of climate risk, geospatial science and business services.
Coastal Risk Consulting helps municipalities, businesses, and individuals become climate ready and storm safe. The Company’s online products provide detailed analysis about flooding risk from sea level rise, tidal and storm surges, and hurricanes for residential, commercial, and governmental customers, utilities, healthcare, transportation, law enforcement and emergency services.
Video – http://youtu.be/4KgKDHfNyQU
