FloodInsights Adds Florida Sinkhole Report to Help Lenders Mitigate Uninsured Sinkhole Risk

Boston, MA, December 2012 – FloodInsights, a national provider of automated FEMA flood zone determinations to appraisers, homeowners and mortgage & real estate professionals, has added a Florida Sinkhole report to its service. This report is based on the locations of over 15,000 sinkhole and subsidence events in Florida.

Over the last few years sinkholes have emerged as the new costly risk in Florida due to heavy rains, massive pumping of groundwater and the creation of new buildings, streets and retention ponds. As sinkhole activity has increased, lenders have become more concerned with sinkhole risk as it affects the value of collateral. With this in mind, FloodInsights created the first commercial sinkhole report for lenders. By simply typing in an address or submitting a portfolio, it’s now possible to get a FEMA flood report, as well as the following sinkhole information:

¨ Distance to closest sinkhole

¨ Number of sinkholes within a ½ mile radius

¨ Number of sinkholes within a 1 mile radius

¨ Sinkhole hazard map (aerial photo optional)

“Many people think that there are just a few counties in Florida that are affected by sinkholes, but sinkhole risk has been spreading geographically over the last few years, explains Dan Munson, Founder, FloodInsights. “With FloodInsights’ sinkhole report, it’s now possible for lenders to quickly spot sinkhole risk and alert homeowners if they need to obtain sinkhole coverage,” says Munson.

To learn more about FloodInsights Sinkhole report, portfolio pricing or to get a Florida sinkhole exposure map, please contact Hallie Benjamin at 857.246.6659 or hbenjamin@cdsys.com

About FloodInsights

FloodInsights is used by appraisers, homeowners and mortgage & real estate professionals to make flood hazard and Florida sinkhole determinations. This Web based service returns the FEMA Flood Zone, Community Number, Map Panel Number, Panel Date, Census Tract, Proximity to Sinkholes and much more. For more information, visit: http://www.FloodInsights.com

 

image_pdfimage_print
Share SHARE
Editor (18230 Posts)

Glenn is a geographer and a GIS professional with over 20 years experience in the industry. He's the co-founder of GISuser and several other technology web publications.


Editor’s Picks

iphone infographic

Infographic – The History of the iPhone

While Apple certainly wasn’t the only company to come up with the idea of a smartphone, it would be difficult to argue that Apple’s fingerprints aren’t all over today’s smartphones thanks to the iPhone. Take a look at the numbers behind Apple’s smartphone revolution and what the future might for the device. 1999 BlackBerry’s first […]

ESRIUC Notes – Top 10 new features in ArcGIS 10.2

I’m a big fan of Top 10 lists, and I’m also a fan of the annual ESRIUC, so when there happens to be a Top 10 list featured on stage at the event I tend to take note! This year the list focused on the top new features in ArcGIS at R 10.2. ArcGIS product […]

More Posts from this Category

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>