Arming an organization's leaders with the best data and knowledge available to understand current, mid-range, and long-term impacts from flooding is the first step toward smart risk management, business continuity planning and capital decision making.
Identifying and defining the vulnerability of physical and economic assets to flooding equips an organization with the critical information needed to prioritize, budget for and execute adaptation plans that lower their risks to impacts from tidal, sea level rise, hurricane and storm flooding, heavy rainfall and groundwater inundation.
Coastal Risk's mapping of a property's vulnerability to flooding is becoming an essential business tool. Coastal Risk’s multi-year flood analyses, (FIRST Score® and Coastal Risk Rapid Assessment™) contribute to planning and decision-making processes in mergers and acquisitions, divestitures, development, operations, capital improvements, sourcing, transportation, safety, and sustainability across sectors and industries.
Who Can Benefit from Coastal Risk’s services?
Coastal Risk’s products and services enable real estate brokers, insurance companies, banks, and mortgage providers, servicers and investors to more completely evaluate the economic risks of their real estate transactions and portfolios.
- For real estate brokers, knowing a property’s risk of flooding is of crucial importance in serving clients and meeting licensure requirements regarding full disclosure of property conditions.
- Mortgage lenders and insurance companies can similarly benefit by accessing a fuller accounting of a property’s flood vulnerability – including non-storm related flooding, and ground water inundation.
- Financial institutions that package mortgage-backed securities and those that own portfolios containing real estate assets are wisely moving toward incorporating analyses of changing flood patterns and intensities into their strategic investment decisions.
- Telecoms and Utilities with assets in tidal areas use Coastal Risk vulnerability studies to make better equipment siting and installation decisions, as well as prioritize adaptation solutions and plans for their most critical assets. The benefits range from reduced outages and improved reputation to avoided maintenance, equipment replacement, and emergency retrofitting costs.
Coastal Risk assists corporate clients in evaluating and strategizing coastal risks in the US and worldwide. This includes climate vulnerabilities related to:
- Continued availability and quality of natural resources
- Current or potential locations or siting of facilities
- Availability of alternative energy and water supplies
- Adaptation pathways
- Community impacts
- Logistics, shipping and supply chain impacts
- Preparing for future standards and regulatory changes
The cost/benefit of an adaptation strategy is specific to an industry, company, and property and may require multi-stakeholder involvement. Coastal Risk is experienced in helping clients interface with governments at the local, municipal, state and federal levels along with our clients, and can serve as a bridge to bring together diverse stakeholders linking public and private sector interests.
For futher information or to schedule a consultation, please contact: