Wildfires, hurricanes, tornadoes, and floods can have devastating effects on businesses and communities. In 2022, there were 18 separate billion-dollar natural disasters in the U.S., causing total damages of approximately $165 billion. As climate change accelerates, combined with urban expansion and growing populations, the frequency and intensity of natural disasters are expected to increase even further, putting more assets at risk.

In recent years, awareness and concern surrounding natural hazards have significantly grown, driven by both internal property risk assessments and insurance liability pressures. Our property risk engineering services are designed to help companies identify and understand their natural hazard exposures. We work collaboratively with businesses to assess the severity and potential impact of these risks, develop actionable plans, and implement cost-effective mitigation strategies at both local and corporate levels.

What’s Involved in a Natural Hazard Analysis?
An effective natural hazard analysis and property risk management program begins with the collection of essential site and building data. We gather both primary and secondary data, which are then utilized in hazard modeling programs. This allows us to generate accurate loss potential estimates across multiple properties.

In addition to modeling, we provide detailed, site-specific analysis performed by licensed structural engineers who specialize in natural hazard risk assessments. Site-specific analysis is crucial for high-risk or critical locations, facilities with valuable contents or equipment, and regions where construction practices may vary in quality. This level of analysis is particularly important for generating accurate property and business interruption loss estimates, essential for making informed insurance decisions.