Compare First Street vs. Xactware Benchmark

First Street Foundation operates as a non-profit entity focused on measuring and conveying climate risk across the United States. Utilizing sophisticated climate science and engineering techniques, the organization delivers in-depth evaluations of a range of environmental threats, such as flooding, wildfires, wind, extreme heat, and air quality. The foundation's goal is to make climate risk not only accessible but also simple to comprehend and actionable for individuals, governments, and businesses alike. By providing thorough data and insightful analysis, First Street Foundation seeks to connect climate change with financial risk, facilitating better decision-making and proactive approaches to risk management. Their hazard models are meticulously crafted and undergo peer review to ensure accuracy. These models encompass various types of flooding (including surge, pluvial, fluvial, and tidal), hurricane wind impacts, wildfire dynamics (like ember flux and flame length), instances of extreme heat, and air quality concerns (specifically ozone and PM2.5 levels). This comprehensive approach empowers stakeholders to understand their vulnerabilities in the face of a changing climate.

Benchmark offers timely natural hazard analysis reports for weather-related events, detailing property-specific loss dates and historical data pertaining to hail, wind, and lightning, all accessible through Verisk platforms like Xactimate and XactAnalysis. Both existing and new users are able to find the Benchmark integration within their claims on XactAnalysis, as well as in the “documents” section of Xactimate. Users can conveniently retrieve the reports by utilizing the “select an action” drop-down menu in XactAnalysis when handling claim assignments. The source of Benchmark's data for both XactAnalysis and Xactimate is Respond™, which equips users with near real-time analysis and forecasting services for weather events, including localized assessments for various natural hazards such as hail, wind, lightning, tornadoes, wildfires, hurricanes, and more. Additionally, the Benchmark database on property-specific natural hazard history offers a thorough and reliable record of both catastrophic and non-catastrophic events, encompassing hail, wind, rain, and lightning, thus providing essential information for effective decision-making. This comprehensive resource ensures that users have the latest and most accurate data at their fingertips for better risk management and response planning.