VestNexus.com

5010 Avenue of the Moon
New York, NY 10018 US.
Mon - Sat 8.00 - 18.00.
Sunday CLOSED
212 386 5575
Free call

Floodbase launches solution to allow continuous flood mapping across the US

Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has launched near-real-time flood mapping technology for the United States to help governments, insurers, media, and other decision-makers obtain rapid situational awareness and actionable information, which can now be licensed on-demand per event.

This launch marks a significant step forward in flood mapping technology, combining the latest artificial intelligence (AI) advancements and additional sensors, according to the firm.

Floodbase’s new solution aims to improve the accuracy of continuous, near real-time flood information anywhere in the continental U.S.

The firm’s flood mapping reliably reports a flood’s peak extent and captures more flood types than before, including increasingly common and historically hard-to-track flash flooding due to extreme rainfall.

This nationwide solution will help in assessing damages, triaging claims, and administering parametric payouts, along with communicating with policyholders and the public, with high-frequency, validated flood data, covering areas ranging from local to multi-state flood events.

Throughout the 2024 hurricane season, Floodbase was among the first to support FEMA with continuous, regional-level flood mapping, providing critical situational awareness within days of Hurricane Helene’s landfall. This enabled FEMA to monitor all major hurricanes and close gaps in existing FEMA maps, mapping more than 500,000 square miles over nine states.

Multiple local governments, including Fremont, California, rely on city-wide flood insurance enabled by Floodbase’s continuous, near-real time flood mapping technology.

Dr. Beth Tellman, Co-Founder and Chief Science Officer of Floodbase, commented, “We are proud to introduce the next generation of large-scale flood mapping. Flood risk is increasing across the U.S; just in the past month, we’ve seen multiple major flooding events, from the catastrophic floods in Texas to severe flash floods in New Mexico, New York, and New Jersey.

“Our goal is to give insurers, governments, the media, and anyone on the front lines of flood response greater confidence in the exact location and severity of flooding through consistent, near real-time flood extent data. With an above-average Atlantic hurricane season predicted, we hope this technology expands flood coverage and strengthens disaster response.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.