Update: This article refers to a previous version of Roof Condition Rating (RCR) and its associated reason codes. Please see this post or contact your CAPE representative to learn more about RCR Version 5 (v5). CAPE Analytics pioneered the Roof Condition Rating (RCR) attribute which indicates the overall condition of the roof on a 5-point […]
New Paved Area Deterioration and Paved Area Illumination attributes provide commercial insurance carriers and MGAs with new insights into how a property’s broader lot condition can affect risk. Often thought of as secondary to the characteristics of a commercial property’s structures, parking lot and paved area condition can offer insights into the potential risks of […]
90,000 homes in the NOLA metropolitan area have poor or severe roof condition after Hurricane Ida, with many seeing significant damage from high winds Ida’s damage in Louisiana is far less extensive than either Hurricane Laura (2020) or Hurricane Katrina (2005) In the 10 days since Hurricane Ida passed over the greater New Orleans area, […]
Hail has turned into one of the more problematic risks for property insurers. According to the III, the industry sustained over $13 billion in losses in 2019, and in 2020, that number increased to $14.2 billion. Hail-related losses are unpredictable, but generally seem to be increasing due to a number of factors: Exposure is increasing […]
This is the third post in our series, Bringing Innovation to Commercial Property Lines. Missed the previous posts? Read Part I here and Part II here. Earlier in this series, we wrote about the importance of innovation in commercial property underwriting, and how accurate building identification is the foundation for any subsequent advances. This post dives […]
In our previous post, How Distressed Loan Traders Are Leveraging Geospatial Imagery, we explored various imagery sources and how they are being used in the market today. With distress growing in the market, this post will explore how computer vision can scale the use of geospatial imagery and, in doing so, unlock insights into individual […]
