We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: HazardHub Winter Climate Knowledge Helps Insurers and Owners Put together for High Seasonal Dangers By Investing.com
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
HazardHub Winter Climate Knowledge Helps Insurers and Owners Put together for High Seasonal Dangers By Investing.com
The Tycoon Herald > Business > HazardHub Winter Climate Knowledge Helps Insurers and Owners Put together for High Seasonal Dangers By Investing.com
Business

HazardHub Winter Climate Knowledge Helps Insurers and Owners Put together for High Seasonal Dangers By Investing.com

Tycoon Herald
By Tycoon Herald 9 Min Read Published January 22, 2025
Share
SHARE

HazardHub Winter Climate Knowledge Helps Insurers and Owners Put together for High Seasonal Dangers By Investing.com

HazardHub identifies prime winter perils and areas of vulnerability

SAN MATEO, Calif.–(BUSINESS WIRE)–Guidewire (NYSE:) HazardHub has launched winter climate threat knowledge to assist insurers and property homeowners throughout america higher perceive and put together for cold-weather threats. Final yr, winter storms in america resulted in roughly $3.4 billion in insured losses. The yr prior, in 2022, almost $6 billion in losses had been recorded from winter storms, which was the second-highest recorded losses previously decade.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/dwelling/20250121971687/en/

HazardHub map of common annual minimal temperatures for the contiguous United States, printed December 2024. (Graphic: Guidewire HazardHub)

HazardHub threat knowledge and maps element excessive chilly and winter climate dangers on the nationwide, state, and native ranges, proper all the way down to the precise property tackle degree. HazardHub affords greater than 1,000 knowledge factors and threat scores for local weather dangers and excessive climate occasions.

Freezing Temperatures Throughout the U.S.

In response to Guidewire HazardHub knowledge, 31.4 million housing items within the U.S. will expertise greater than 30 days of winter temperatures beneath 32 ºF this yr. Of these, greater than 10.3 million housing items will expertise greater than 50 days of below-freezing temperatures this winter.

The first elements contributing to the coldest areas are latitude, elevation, and geography. The states on the northern border, within the Rockies, or with increased elevations, in addition to Alaska, report the coldest temperatures.

High States with Freezing Temperatures

In response to Guidewire HazardHub knowledge, the highest 5 states with the bottom common annual winter temperatures are:

1. Alaska: 2.6 °F (-16.3 °C) Common Winter Temperature
2. North Dakota: 12.2 °F (-11.0 °C)
3. Minnesota: 12.4 °F (-10.9 °C)
4. Maine: 16.8 °F (-8.4 °C)
5. Wyoming: 21.2 °F (-6.0 °C)
6. Montana: 21.2 °F (-6.0 °C)

High Winter Climate Perils

In response to an evaluation of Guidewire HazardHub knowledge, essentially the most perilous Winter Climate Dangers, based mostly on the potential for claims loss, extent of harm, and frequency, are:

Frozen Pipes

Freezing temperatures trigger water inside pipes to broaden, resulting in cracks and bursts that lead to in depth water harm to flooring, drywall, and residential contents. This peril results in one of the frequent winter insurance coverage claims. Mitigation steps embrace insulating pipes, sustaining indoor warmth, permitting taps to drip throughout chilly snaps, and draining water strains in vacant properties.

High 5 States for Frozen Pipe Danger

1. Nebraska
2. Vermont
3. North Dakota
4. Minnesota
5. Wisconsin

These states have the best proportion of properties and constructions rated as an ˜F’ grade in line with the HazardHub Frozen Pipe Danger rating. In response to HazardHub knowledge, 21% of properties within the US face the danger of frozen pipes throughout the winter season. The common value of a frozen pipe insurance coverage declare is roughly $18,000, masking damages to flooring, drywall, dwelling contents, and plumbing programs. In response to the Insurance coverage Data Institute, water harm (throughout all seasons) and freezing incidents account for almost 24% of all owners insurance coverage claims.

Snow Load (Roof Collapse)

Amassed snow and ice place vital stress on roofs, risking structural harm or collapse, significantly for older buildings or these with flat roofs. States like Alaska, Maine, and Vermont expertise the best threat resulting from heavy snowfall. Frequently clearing snow from roofs, sustaining gutters, and trimming overhanging branches can stop this expensive harm.

High 5 States for Snow Load Danger (Hazard of Roof Collapse)

1. Alaska
2. Maine
3. Vermont
4. New Hampshire
5. Minnesota

These states have the best proportion of properties and constructions rated as in danger for snow load in line with the HazardHub Snow Load Danger Rating. Greater than 36% of properties in Maine, 35% of properties in Vermont, and 28% of properties in New Hampshire are rated as in danger for snow load on their roofs, as are 22% of properties in Minnesota, in line with HazardHub.

Ice Dams

Warmth escaping by a poorly insulated roof can soften snow, which refreezes on the roof’s edge, forming ice dams that block correct drainage. This results in leaks and roof harm, lifting shingles, and inflicting water harm inside the house. In response to HazardHub knowledge, roughly 28.4% of U.S. census blocks expertise greater than 30 days of freezing temperatures annually, growing the probability of ice dam formation. This impacts 31.4 million housing items. Ice dam elimination can value between $400 and $4,000, relying on the scale of the ice dam and roof kind. To mitigate, insulate attics, set up warmth cables alongside roof edges, and clear snow buildup commonly.

Different main winter climate dangers to properties and companies embrace energy outages from fallen bushes and broken strains, excessive winds that trigger structural harm, flooding from speedy snowmelt overwhelming drainage programs, and home fires resulting from unsafe heating practices. Over the previous twenty years, weather-related occasions have triggered 80% of main energy outages, with winter storms answerable for 23% of annual energy outages. Wind gusts exceeding 50 mph (80 km/h) can harm roofs and topple bushes, resulting in secondary water harm. Fast snowmelt may end up in expensive flooding, usually not lined by customary insurance coverage. Moreover, elevated use of area heaters, fireplaces, and wooden stoves throughout winter raises the threat of home fires. In response to the U.S. Hearth Administration (USFA), roughly 100,000 winter residential constructing fires happen in December, January, and February, leading to roughly $1.9 billion in property harm or loss annually.

Harnessing Knowledge for Higher Safety

The chilly, arduous truth is that excessive winter climate triggered $3.4 billion in insured losses in 2023. Insurers and owners should higher leverage the information out there to them to evaluate their vulnerabilities and take motion to mitigate these dangers, stated Tammy Nichols Schwartz, CPCU and Senior Director of Knowledge and Analytics at Guidewire. Schwartz has greater than 25 years of expertise within the property and casualty insurance coverage business and is acknowledged as a local weather and pure disaster threat skilled.

HazardHub’s detailed winter threat knowledge and maps can be found by Guidewire PolicyCenter and Guidewire InsuranceNow options, in addition to through the HazardHub API. Insurers can make the most of this knowledge to enhance threat evaluation and underwriting accuracy, whereas property homeowners can higher put together for the winter season.

Shoppers fascinated with assessing their dwelling’s winter threat can go to freehomerisk.com.

About Guidewire Software program (ETR:)

Guidewire is the platform P&C insurers belief to interact, innovate, and develop effectively. Greater than 570 insurers in 42 international locations, from new ventures to the most important and most complicated on the earth, depend on Guidewire merchandise. With core programs leveraging knowledge and analytics, digital, and synthetic intelligence, Guidewire defines cloud platform excellence for P&C insurers.

We’re happy with our unparalleled implementation report, with 1,700+ profitable tasks supported by the business’s largest R&D staff and SI accomplice ecosystem. Our market represents the most important answer accomplice group in P&C, the place clients can entry a whole lot of purposes to speed up integration, localization, and innovation.

For extra info, please go to www.guidewire.com and comply with us on X (previously referred to as Twitter) and LinkedIn.

View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20250121971687/en/

Melissa Cobb
Director, Public Relations
Guidewire Software program, Inc.
+1.650.464.1177
[email protected]

Supply: Guidewire Software program

You Might Also Like

Russia for Business: Experts Who Help Drive Decisions

The Quiet Shift in America’s Workforce: Why Side Hustles Are Becoming Essential for Women Over 40

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

TAGGED:dataHazardHubhelpsHomeownersinsurersInvesting.compreparerisksseasonalTopWeatherWinter
Share This Article
Facebook Twitter Email Copy Link Print
Doug Martin Had Psychological Well being Episode Prior To Loss of life, Household Says
Entertainment

Doug Martin Had Psychological Well being Episode Prior To Loss of life, Household Says

Doug Martin Skilled Psychological Well being Episode Earlier than Loss of life ... Household Breaks Silence Printed October 20, 2025 8:11 PM PDT Doug Martin's household is shedding extra mild…

By Tycoon Herald 2 Min Read
Scottish Premiership: Can Hearts realistically beat Celtic and Rangers to the league title this season?
October 21, 2025
Taylor Swift Donatee’s Mom Says They Did not Hear From Taylor Earlier than Donation
October 21, 2025
Brian Norman on Devin Haney WBO title conflict: Ability, integrity and savageness will probably be what wins this struggle
October 21, 2025
Donald Trump Chastises Photographer For Bumping 400-12 months-Previous Mirror
October 21, 2025

You Might Also Like

Astana International Forum 2025: “Connecting Minds, Shaping the Future”
BusinessTrending

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

By Tycoon Herald 3 Min Read
Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa
BusinessTrending

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

By Tycoon Herald 4 Min Read
Gaza residents stream dwelling to the north after hostage breakthrough By Reuters
Business

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters

By Tycoon Herald 6 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Entertainment

Jack Black’s Tenacious D Bandmate Kyle Gass Says ‘Do not Miss Trump Subsequent Time’

Play video content material Jack Black's Tenacious D bandmate Kyle Gass had one want for his…

By Tycoon Herald
Sports

Hollie Doyle: Daylight can upset huge names in Cheveley Park showdown

Sky Sports activities Racing’s ambassador studies this week’s racecourse gallop aboard star filly Nashwa and appears…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?