Brooklyn, New York, November 7, 2022 /PRNewswire/ — Nonprofit Research and Technology First Street Foundation published today Pro Risk Factor to all users, providing US consumers with in-depth climate risk analysis and data normally only available to large institutional investors and mortgage providers.
Data available exclusively through Risk Factor Pro includes damage cost estimates, enhanced analysis of the impact of floods, extreme heat and wildfires on a building, visual graphs and interactive maps. The tool also goes beyond exposure data by allowing users to customize building characteristics, ensuring an accurate, property-specific and highly granular climate risk assessment; a feature developed in parallel global built environment consultancy Arup.
“This level of data and analytics can cost businesses tens of thousands of dollars to access, but once they have it, they can leverage it in ways your average American can’t,” said Matthew Eby, CEO of First Street Foundation. “By offering this information for free to every American owner, Risk Factor Pro removes the knowledge asymmetry that exists between the most powerful institutional investors, owners and buyers, leveling the playing field and ensuring that every American has the information they need. he needs to protect himself and their homes.”
“As climate change increases the frequency and intensity of extreme weather events, we need accessible data to better prepare our communities for a changing world,” said Ibbi Almufti, Associate Director at Arup. “Risk Factor Pro provides homeowners and homebuyers with unique insights into their property’s risks, enabling them to make informed decisions that can mitigate the negative impacts of climate change and build resilience.”
Risk Factor Pro leverages the Foundation’s unique, peer-reviewed, property-specific, climate-adjusted modeling capabilities to provide in-depth analysis of a property’s risk of flood, heat, fire forest and future perils, including details of potential damage and other climate-related consequences. risk. It delivers the same data and tools used by major corporations and investors like Nuveen, Morningstar, Banks of America, Fannie Mae, and more than 30 federal agencies, to every residential property owner and tenant nationwide.
To learn more about Risk Factor Pro and its suite of tools and features, visit Pro Risk Factor.
About the First Street Foundation
First Street Foundation is a 501(c)(3) nonprofit research and technology group dedicated to making climate risk accessible, easy to understand, and actionable for individuals, governments, and industry. Using world-class modeling techniques based on the latest science available, they inform Americans of their current and future risk through their many peer-reviewed publications and relationships with the risk factor (riskfactor.com), their public property-specific climate risk assessment tool. To learn more about the First Street Foundation, visit FirstStreet.org or follow them on Twitter, LinkedIn Where Facebook.
SOURCE First Street Foundation