"Catastrophic weather is no longer a one-off event. How can we be better prepared? Popular opinion pointed to the 2014 Polar Vortex as a one-time event. The wind, ice, and snow brought by that harsh winter weather was responsible for $1.7 billion of the $2.3 billion in insured losses in the affected states that year, according to ISO’s Property Claim Services."
"Risk managers often need to assess the financial impact of catastrophes, such as hurricanes, tornadoes and severe weather, on their portfolios. These assessments evaluate the potential cost of a catastrophic event and help insurers manage their exposure and set their reserves. And while every event is unique in its scope and impact, good risk management practices advocate that we apply what we have learned to the future."
"Called XtremeGIS®, it uses information from AccuWeather to provide forecasts - from years-ahead looks at the potential for the season to minute-by-minute tracking of the storm's path including winds and rainfall in specific areas."
Groenfeldt, T. (2013, September 30). Monitoring Hurricane Risk and Assessing Damage From A Desktop, Forbes"
"Esri announces that Wall Street Network (WSN) has released the first of a dozen risk management solutions, based on ArcGIS Online, called XtremeGIS. XtremeGIS provides access to information including global tropical cyclone event and forecast data from AccuWeather, satellite imagery from i-cubed, and WSN's knowledge management software."
"Insurance and reinsurance firm will have new tools for predictive modeling of events like tropical storms in January when Wall Street Network (WSN) launches a cloud-based solution it is developing with Esri, the mapping company." Groenfeldt, T. (2012, October 9). Analyzing The Flood Of Data From Tropical Storms In Real-time, Forbes