IBHS and Xactware Collaborate to Analyze Texas Hailstorm DamageJuly 6th, 2012 | Category: Industry News
Xactware and the Insurance Institute for Business & Home Safety (IBHS) announced they are conducting an in-depth claims analysis of a major hailstorm to study the performance of doors, windows, roofs and other building structures in extreme storm conditions.
The analysis will center on a massive storm that battered Dallas and Fort Worth, Texas, on May 24 to 25, 2011, with hail that measured up to 5 inches in diameter and caused about $300 million in losses. Xactware, a provider of claims estimating and claims management technology for the property insurance, remodeling and restoration industries, will work with IBHS to analyze claims data from the storm and to identify factors that contributed to the extent of structural damage.
“We’re excited about the initiative with Xactware because we need to understand why certain homes experienced damage from this hailstorm while others nearby did not,” said Dr. Tanya Brown, a research engineer at IBHS. “Was it because of a difference in materials, maintenance, aging or the actual hailstorm conditions? The analysis we will conduct with Xactware is a great way to examine these issues.”
The analysis will include plot claims data on geo-spatial charts to create a visual representation of storm damage sustained by doors, windows, roofs, siding and other exterior structures.
“We welcome the opportunity to work jointly with IBHS on this project,” says Jim Loveland, Xactware president and CEO. “We’re confident the research will yield valuable information that will identify ways to minimize property damage caused by future hailstorms.”