KCC Flood Model Certified by Florida Commission on Hurricane Loss Projection Methodology

Groundbreaking Achievement for KCC

The Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has affirmed the accuracy and robustness of catastrophe modeling firm Karen Clark & Company's (KCC) flood model. This certification marks a significant milestone for KCC and the industry, recognizing the quality and reliability of its flood risk assessment capabilities.

Validation of Methodology

The FCHLPM's certification process involved a thorough evaluation of KCC's flood model against established industry standards and best practices. The model's performance was tested against historical flood loss data and subjected to rigorous sensitivity analyses to assess its accuracy and stability under different scenarios. The certification affirms the model's ability to accurately predict potential flood losses, providing insurers, policymakers, and homeowners with valuable insights for risk management and mitigation strategies.

Enhanced Risk Assessment

KCC's certified flood model empowers stakeholders to make informed decisions by providing granular insights into flood hazards at the property level. Insurers can leverage the model to refine underwriting guidelines and catastrophe reinsurance programs. Policymakers can utilize the model to develop effective flood mitigation policies and land-use planning strategies. Homeowners can access the model through KCC's Risk Map tool to assess their individual flood risk and take proactive measures to protect their properties.

Commitment to Accuracy

KCC's commitment to innovation and accuracy has driven the development of its comprehensive flood model. The model incorporates cutting-edge technology and a wealth of data sources to capture complex flood dynamics. The model's advanced capabilities include simulation of pluvial flooding, consideration of multiple flood sources, and detailed representation of coastal storm surge impacts. The FCHLPM certification underscores the reliability and accuracy of KCC's flood model, making it a trusted tool for assessing and mitigating flood risk.