New tool for insurers to measure likely wind damage caused by tropical storms
A new tool is available for assessing the likely insured damage from tropical cyclones.
Karen Clark & Company has introduced the KC Wind Damage Scale.
The scale is designed to give insurance companies and others a measure of the probable wind damage to buildings, contents and business interruption caused by a tropical storm or hurricane, said Karen Clark.
The scale ranges from KC 0, for a storm with winds less than 40 miles per hour and in which negligible insured damage would be expected, to KC 7, denoting a hurricane with winds in excess of 160 miles per hour.
For each landfalling US hurricane, the company said it could provide wind damage contours offering insurers an idea of the nature of the claims in specific geographical areas.
Karen Clark, president and chief executive of Karen Clark & Company, said: ‘The KC Wind Damage Scale provides a detailed description of the likely claims resulting from a hurricane which helps in planning the loss adjusting and reserving processes.’