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First American is the Leading Supplier of Flood Determinations to the Insurance Industry

With over twenty years of flood data experience, First American Flood Data Services has been collecting valuable flood, property and location data to make accurate flood determinations for the Insurance industry. From this data and other resources, First American has also developed technologies to enhance risk evaluation on floods and other natural hazards.

First American's Focus on Insurance Flood Determinations

First American developed a focus strategy for the Insurance industry, separate from its Lender practice, in 2001 and has continued to grow and build the customer base since that time. Our customers rely upon us for accurate flood determinations to maintain a high level of service for their insurance customers. Providing a large number of the flood determinations consumed by the industry's property and casualty underwriters who participate in the FEMA flood insurance program, First American is committed to the Insurance segment and in meeting the special needs of these companies.

First American has invested considerable capital in resources, research and development, in order to ensure that our determination services are customized to the needs of the insurance industry. Our insurance-focused technologies and years of experience are enhanced by our human capital including a number of our staff with a background in the flood insurance and property and casualty industries. We continue to invest in the insurance segment including maintaining dedicated full-time account management and customer service professionals. First American continues to ensure that our service offering exceeds Insurance market norms by offering services such as flood risk scoring, marketing initiatives, and directing an internal group to monitor legislative issues which concern our Insurance customers.

Providing Advanced Location and Flood Information

First American's location-based data solutions comprise distinct and innovative products collectively addressing the flood exposure management needs of the insurance industry. Regardless of segment or function, this integrated offering of scoring, mapping, and modeling capabilities enables clients the ability to quantify, price, and transfer risk.house3

Throughout the P&C industry, location-based data is vital to mitigating risk, identifying profitable underwriting opportunities, and ensuring regulatory compliance. These technologies help insurers and their clients to accurately and profitably identify risk exposures at the individual parcel level as well as throughout an entire portfolio.

Utilized by the nation's leading P&C companies, First American's software, databases and integrated solutions deliver the location-based information needed to make smart flood risk determinations and profitable business decisions.

First American's solutions provide the data and technology to:
  • Find exact locations of insured properties with precise geocoding
  • Accurately identify and assess flood risk outside the flood zone
  • Support regulatory compliance
Learn about other insurance products from First American here.

Last Updated on Thursday, 03 September 2009 11:33
 
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