CDS Business Mapping Notes Sinkhole Reports for Fla.

March 24, 2003

CDS Business Mapping, a source for online hazard mapping, has added Florida Sinkhole Reports to the RiskMeter Online.

The new service allows insurers to lookup Florida sinkhole information with ease on the company’s web based tool, the RiskMeter Online ( Insurers can accurately locate the number of sinkholes within a specified radius; find the distance to the closest sinkhole; and research details on the closest sinkholes in Florida with this new product.

“Due to drought cycles, central Florida is prone to sinkholes. Insurers were looking for a tool to help them identify areas with known sinkhole problems,” explained Dan Munson, vice president of Sales and Marketing. “With our new sinkhole reports, sinkhole information is available to the underwriter in real time. Companies can check for known sinkholes in the area, and thus, avoid losses in the future.”

To help identify all sinkhole problems, the RiskMeter allows users to customize their accounts. One important custom feature is the ability of a company to add additional sinkholes based upon their own claims data. Users can incorporate a private custom database of their sinkhole information, or use a combination of private data and the standard RiskMeter Sinkhole database. In addition, the radius used to determine the proximity to sinkholes can be set differently for each individual account.

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