Media

2016 Crime Data Update for Insurers

Media Contact:
Marketing Department
Location, Inc.
Tel: (508) 753-8029
Email:marketing@locationinc.com

FOR IMMEDIATE RELEASE:

SecurityGauge® Now Providing Insurers with Updated Crime Risk Data and Analytics for 2016

“Annual Update Includes Violent and Property Crime Data Collected from Over 18,000 Local Law Enforcement Agencies Across the United States”

Worcester, Mass., April 15, 2016 — Location, Inc., one of the leading providers of location-based data, tools and services, used by over 44 million people and businesses, announced it has updated its predictive crime risk data and analytics for violent and property crimes in its SecurityGauge® platform for 2016.

SecurityGauge’s annual crime update is unique in that it collects raw data reported from over 18,000 local law enforcement agencies across the U.S., and uses a relational database to assign reported crimes from every agency (e.g., municipal police, campus police, port authority, transit, etc.) to the localities for which they have law enforcement responsibility. With this exclusive database, SecurityGauge® then uses its Ph.D. developed computer models to statistically predict the rates for every major type of crime (violent and property) with 33 foot resolution across the United States.

Insurers who write general liability, habitational, manufactured homes, vacation rentals, and other programs can use SecurityGauge’s updated crime risk scores to streamline operations by eliminating risks in the early stages of the underwriting process, strategically route potentially fraudulent claims to special investigative units (SIUs) or improve in-house or external modeling results.

“SecurityGauge® crime analytics are not only helping insurance carriers with improving operations and modeling, but they are also helping brokers as well,” explains, Andrew Couture, VP of Sales, Location, Inc. “Recently I had a conversation with a broker who had a client developing a brand new facility, which included a walk way along a river. When the broker alerted his client of their crime scores, they eliminated the walkway from their plans, increased their liability coverage and budgeted additional security for their parking garage,” says Couture.

SecurityGauge® crime data has been tested on over 10 million records and is used by over 20 insurance carriers. For more information or to run a free report, visit: www.SecurityGauge.com

About SecurityGauge
SecurityGauge® crime analytics are used in insurance, retail, mortgage and real estate to provide insights into property and violent crime risks. By simply typing in address, it’s possible to get property crime risk scores, violent crime risk scores, heat maps, trends over a 10 year span and much more. SecurityGauge® crime analytics and maps are available in 10 meter (33 ft.) resolution for the United States. For more information, visit www.SecurityGauge.com

About Location, Inc.
Location, Inc. is a geographic research and data mining company born out of university research and one of the leading providers of location-based data and tools used by corporations for risk analysis. Location, Inc. specializes in location analysis, quantifying and mapping of crime and security risks, structure fire risk, demographic and school data information products, and location-based decision-making tools for businesses and consumers. More than 44 million people and businesses have used Location, Inc. data and services since the Company’s 2000 inception, including its famous NeighborhoodScout website for consumers. For more information, visit www.LocationInc.com