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Sanborn Aids Insurance Industry 11.05.2002

November 5, 2002
Sanborn has contracted with Risk Management Solutions to develop building-level geodata for use in its portfolio management and underwriting applications.

Sanborn CEO Pankaj Desai announced that Risk Management Solutions (RMS), the world’s leading provider of products and services for catastrophe risk management, has contracted with the Pelham, New York-based GIS and photogrammetry firm to develop building-level geodata for use in its portfolio management and underwriting applications. The new data will allow insurers and reinsurers to pinpoint risk accumulations within city centers, down to the level of specific buildings. This issue has been a priority for the insurance industry since last year’s terrorist attacks, which caused unprecedented insurance claims across property and casualty lines of business.

The data will include digital imagery for downtown areas of major U.S. cities. Sanborn will capture color aerial photography at a scale of 1"=800' and will produce seamless, color-balanced digital orthophoto imagery at 0.5-foot pixel resolution, meeting National Map Accuracy Standards (NMAS) for 1"=100'-scale maps. Maps will contain building footprint and elevation data, square footage, and basemap information including street name, street centerlines and major features. Sanborn will scan the most recent available Sanborn Maps—the company has over 12,000 in its archives—to gather attribute information for each building including address, number of stories, construction class, occupancy type, year built, and name. Sanborn will field-verify any missing data.