US Market: Firemaps Launches, Offering Data Insights

Firemaps, the startup using tech-driven solutions to defend California homes from wildfire, today announced general availability of their platform across California.  Firemaps uses satellite and drone imagery to create ultra highly accurate 3D maps to analyze properties, create a home hardening and defensible space plan, and dispatch the right workers via their marketplace of qualified general contractors.
As fire season bears down on California, Firemaps is bringing speed and efficiency to a process that might otherwise take months to complete. Within three weeks, Firemaps can greatly reduce the risk of a home being destroyed by wildfire, quickly bringing properties into compliance with often extensive insurance and municipal codes.  The company has also raised $5.5 million in seed investment led by Andreessen Horowitz and including Uber CEO Dara Khosrowshahi and investor Lee Fixel.
According to a June 2021 report from the UC Berkeley Center for Community Innovation and nonpartisan, nonprofit think tank Next 10, more than 1 in 12 California homes is located in an area that has a high risk of burning in a wildfire event.  At the same time, California is facing an insurance crisis.  Since 2015, 950,000 California households have been dropped by their property-casualty insurance companies because of escalating fire risk.
Firemaps not only helps homeowners parse insurance requirements, the platform can, with homeowner’s permission, share comprehensive reports.  This way insurance companies can discount rates for work that has been done.  Reinsurers can quickly see what proportion of homes in a given area have been secured against wildfire. State and municipal governments can apply grant dollars apportioned for these treatments back to the homeowner via the platform.

“As we speak, there are record-breaking wildfires throughout the western half of the USA, as well as in France, Spain, Turkey, Greece, Russia, and in Canada.” said Jahan Khanna, CEO of Firemaps. “Wildfire season is now all year.  It will continue to threaten the lives of firefighters and destroy homes and communities.  There are millions of homes in high-risk areas that need complex work done at an unprecedented scale, as quickly as possible. We created the Firemaps platform as a way to deal with the effects of climate change for the people who have to live with it.”

Firemaps does not charge homeowners a premium.  Due to the efficiency of the platform, contractors pay a fee to participate. Homeowners in high-risk areas can get mapping done for free. Firemaps can also help homeowners procure available grant funding; the state of California has allocated $536 million in fire defense grants. Qualifying homeowners can use this state grant money to help pay for their Firemaps wildfire defense.
How the Firemaps process works:
  • Homeowners submit their address at Firemaps.com.

  • Firemaps uses satellite imagery and machine learning to create a preliminary risk assessment.

  • For high risk homes, Firemaps will construct a 3D map of their home and property using a handheld drone.  The map is able to render details of the home’s landscape, topography, vent construction, deck construction, roof condition, and porch or deck vulnerability and can measure the particular features of the property to an accuracy of within 1centimeter.

  • The map is used to generate a detailed risk assessment and wildfire defense plan, taking into consideration local fire department guidance and homeowner insurance requirements.

  • Qualified contractors, arborists, and other tradespeople are able to bid on the work remotely, using the Firemaps data. Firemaps project manages the process.

  • The Firemaps platform can routinely dispatch contractors to keep the work maintained as vegetation regrows, and will allow the property owner to voluntarily share the data with insurance agencies, their local fire departments, and other stakeholders in exchange for insurance discounts and local government incentives or tax credits where applicable.

“Firemaps is building a critical marketplace to empower homeowners to take meaningful action to address urgent climate risks,” said Andrew Chen, General Partner at Andreessen Horowitz. “The Firemaps team is well-equipped to scale their offering into new markets and other climate change problems, such as flooding and storm reinforcements and I’m optimistic about the impact their technology will have.”
Learn more at www.firemaps.com
About alastair walker 6830 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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