We have launched a programmatic initiative that will help reduce our risks. We are centralizing management of 10,000 of the highest risk properties into one portfolio for more effective tracking and assessment of their risk. This will allow us to improve our information about these properties, exert greater control on underwriting the coverage and adjusting claims, and reduce the potential for fraudulent claims on these high-risk properties. We are also looking to the future, and the role that financial incentives in our WYO Agreement could play in providing an incentive for detecting and reporting fraud. Technology is transforming the insurance business.
Technology is a powerful weapon against fraud.
Gathering information on the longitude and latitude of insured properties, which we are doing for the 10,000 worst repetitive loss properties and will have for the others in a couple of years, will cut down on duplicate claims and help us identify patterns of claims activity. We want to work with you to get your ideas on how to better enhance our fraud management program.