About Coastal Risk
Proven Experience
Coastal Risk is the first, and only, company with a proven track record of professional-grade flood, natural hazard and climate risk analysis at an individual property level
Coastal or inland, business, governmental, or residential, even multiple locations or entire neighborhoods – our proprietary technology assesses your vulnerability to risk. We provide solutions to prevent and protect against damage and loss, and guidance to potentially reduce your insurance premiums.
Coastal Risk’s analysis of a property’s vulnerability to extreme weather includes coastal storm surge and tidal flooding, heavy rainfall, river (fluvial) flooding, hurricanes, tropical storms, sea level rise impacts and climate change impacts. For properties at risk, we recommend solutions and referrals to our strategic environmental and engineering partners.
We serve business, industrial, and residential customers, property developers, real estate investors and asset managers, insurers and lenders, communities, real estate brokers, healthcare facilities, power plants and refineries, critical infrastructure, military installations, and government agencies.
Coastal Risk helps clients get climate ready and storm safe. Our team consists of world-renowned climate scientists, geospatial technologists, and software developers, supported by academic peer review and an advisory board of leading authorities on climate risk management. Our scientists include a world renowned climate scientists, Dr. Brian Soden, who is a Nobel Prize recipient. Dr. Leonard Berry, a lead author of the US Third National Climate Assessment, the Director of the Center for Environmental Studies at Florida Atlantic University.
Our Mission
Better Risk Awareness – Better Risk Solutions
The Start of RESILIENCE
Five years ago, two world-renowned scientists in South Florida developed a concept. That idea was to create an online tool that would help individuals, businesses and governments become better aware of their risks of coastal flooding due to climate change (sea level rise and storms). With the help of Albert Slap, a nationally-recognized environmental lawyer and law professor, they formed Coastal Risk Consulting. Headquartered in South Florida, the company grew and prospered. However, its clients had properties inland, far away from South Florida and coasts of the US.
UNDERSTANDING RISK
In addition to coastal flood risks, those clients also wanted to better understand their risks from natural hazards (wind, wildfires, earthquakes, etc.) and climate change impacts, such as future extreme heat, extreme rainfall and droughts. Clients demanded real-world, risk solutions to answer the question, “OK, you gave us the bad news; what do I do next?” In response to this demand for risk mitigation solutions, Coastal Risk developed its unique RiskFootprint™ cloud-based technology to deliver on demand comprehensive risk assessment reports and the new, subscription service, the RiskFootprint™ Dashboard platform. Additionally, Coastal Risk’s advisory services arm provides the B-Resilient™ process to accelerate resilience.
AN EVOLVING COMPANY
And, so, moving forward to the present day, Coastal Risk Consulting has evolved to into a leading, international resource for companies and governments searching for holistic risk awareness and risk solutions. Some of the largest US REITs, Private Equity firms, Commercial Real Estate developers and Lenders, as well as US Government agencies such as NOAA, and the National Weather Service, and many local governments have become clients. We have provided risk assessments in nearly every state, including Alaska, Hawaii and Puerto Rico. For a major international insurance broker, we provided flood risk assessments in Brazil, Peru, and India.
Knowing the Science is Important.
Knowing the Client is more Important
What’s more difficult is figuring out what to do next
There’s a lot of good science out there to help individuals, corporations and governments make their critical assets safer and more resilient to floods, natural hazards, and climate change impacts. Most asset owners don’t even use the science that’s available to determine if risk mitigation investments are cost-beneficial, however. Why? Because making up a table of “bad news” datapoints is fairly simple.
That’s where the consultant needs to know more than the science; they need to know the client. That’s where the RiskFootprint™ suite of products and services comes in. Our six-step, B-Resilient™ process begins with a qualitative assessment of the physical asset portfolio for 13-columns of risks, plus individual property, aggregate risk scores. Then, we work with the client to examine the higher risk, “red zone” properties more closely with property-level, quantitative risk assessments.
Some clients want to go farther and determine the capex needed to address the risks identified and perform a cost-benefit analysis for risk mitigation investments. Then, some clients will want to go on to design and implement risk mitigation features, which may include: elevating structures and equipment, dry floodproofing buildings, upsizing roof drains, replacing end-of-life AC chillers with more efficient systems, storm sewer improvements, and blue and green infrastructure, such as permeable pavements and bio-swales.
We have the best science. We know our clients and their needs.
We help our clients decide: “What to do next!”
Quality Data. Quality Partnerships.
