Annual Meetings-Commercial Flood Analytical Tools and Mitigation Strategies

Pdf Summary

The document discusses commercial flood risk management, analytical tools, and mitigation strategies. It highlights tools such as mapping, hazard lookup, elevation assessment, and loss estimating models. Flood risk is emphasized as a significant concern, with the importance of accurate risk assessment and pricing mentioned. The document also touches on hazard lookup tools like FloodFactor.com and CatNet for obtaining flood zone data. Utilizing tools like FLOAT for accurate flood risk assessment using drones and real-time risk management strategies like emergency planning and flood defenses are recommended. Case studies on Hoboken inundation during Hurricane Sandy and loss estimation models are provided. Strategies for emergency asset relocation, planning projects during vulnerable periods, and implementing flood defenses like sandbags and mobile walls are discussed. The presentation stresses the importance of utilizing analytical models, understanding pain thresholds, costs, and regrets in decision-making concerning flood risk management. Various defense options are presented, and the audience is encouraged to consider the effectiveness of these strategies in flood risk mitigation.

Asset Caption

Presented by Santiago Noriega, Swiss Re and Nick Lamparelli, reThought Insurance

Keywords

commercial flood risk management

analytical tools

mitigation strategies

FloodFactor.com

CatNet

FLOAT

loss estimating models

emergency planning

flood defenses

decision-making