Natural Disasters Loss provides AI services for predicting the impact of natural disasters to the local economy. Direct losses result from the destruction of assets from the initial impact of the tornadoes, volcanoes, earthquakes, wildfires, floods and tsunamis and include the loss of human lives, roads, power and phone lines, crops, factories, homes, and natural resources. While costs are harder to estimate than direct losses, indirect losses that occur from the destruction of physical assets can be quite significant. These losses include lost production and sales, incomes and labor time, increased commute times and transportation costs from goods having to be rerouted, decreased tourist activity, and utility disruptions. The decreased economic activity also results in lost taxable receipts and uses up federal disaster relief funds in order to help clean-up, repair, and replace lost assets.
Natural Disasters Loss is a AI tool that can be used from local goverments to private sector (insurance, construction etc.).