Brooklyn, NY, November 7, 2022 /PRNewswire/ — Non-profit research and technology First Street Foundation published today Risk Factor Per for all users and provides American consumers with in-depth climate risk analysis and data typically only accessible to large institutional investors and mortgage providers.
The data, available exclusively through Risk Factor Pro, includes damage cost estimates, enhanced analysis of the effects of flooding, 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 properties, ensuring an accurate, property-specific and highly granular climate risk assessment; a side-developed feature The global built environment consultancy Arup.
“Access to this level of data and analysis can cost companies tens of thousands of dollars, but once they have it, they can use it in ways the average American can’t,” he said Matthew Eby, CEO of the First Street Foundation. “By offering these insights to every American homeowner free of charge, Risk Factor Pro eliminates the knowledge asymmetry that exists between the most powerful institutional investors and homeowners and buyers, levels the playing field and ensures every American has the information they need needed to protect themselves 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…
