BuildFax U.S. Hurricane Recovery Report Reveals a Nearly 25 Percent Increase in Preventative Upgrades to Properties in 2018
Summary
AUSTIN, Texas--(BUSINESS WIRE)--In the BuildFax Natural Disaster Report released today, the company analyzes residential maintenance activity in 2017 and 2018 following four major storms in the U.S. —Hurricanes Irma, Harvey, Florence and Michael. “As hurricanes increase in frequency and intensity, recovery patterns are changing based on the nature of the storm and the property risk landscape,” said BuildFax COO Jonathan Kanarek. “Leveraging key hurricane recovery and preventative activity insights in the wake of a disaster can elevate efficiencies in insurer underwriting and claims functions for future storms. BuildFax, headquartered in Austin, Texas, is trusted by the largest insurance and financial institutions in the world to deliver business-critical property condition and history data. Hurricane timelines are computed by comparing similar geographies and assessing the historical spread between the two groups to establish a start and end point of post-hurricane recovery.