Shedding light on opaque financials

As a director for Verisk Commercial Real Estate, I hear many stories — some successful, some not-so-successful. In the commercial real estate industry, our clients and customers run into numerous potential risks, and knowing those risks up front when making an investment is paramount. Here’s one such example.  A commercial real estate developer I know […]

Customer Service, Shoppers, and Retention: New Claims Tools Can Help

Well, there’s good news and bad news. The percentage of auto insurance “shoppers” — those looking for a new policy — is at a six-year low, according to research from J.D. Power.  Insurance company efforts at customer retention are clearly succeeding. However, the percentage of shoppers switching carriers is at a six-year high. When policyholders […]

48,000 Completed Foreclosures in October

CoreLogic’s latest report shows there were approximately 879,000 homes in some stage of foreclosure and 48,000 completed foreclosures in the United States in October 2013. Properties in any stage of foreclosure are a cause for concern for insurers, since that could be a red flag for claims fraud. Property owners who cannot pay their mortgages […]

Keeping an Eye on Foreclosures

CoreLogic’s most recent data shows that approximately 902,000 homes were in some stage of foreclosure in September 2013. As in past months, Florida remained the state with the highest percentage of mortgaged properties in foreclosure with 7.4 percent, followed by New Jersey with 6.5 percent, New York with 4.8 percent, Maine with 4.0 percent, and […]

Foreclosures Remain a Concern for Insurers

CoreLogic’s most recent data shows there were 48,000 foreclosures in August 2013. CoreLogic also reports that approximately 939,000 homes in the United States were in some stage of foreclosure as of August 2013. As in past months, Florida remained the state with the highest percentage of mortgaged properties in foreclosure, followed by New Jersey, New […]

Foreclosure Update: 49,000 in July 2013

The foreclosure rate is declining across the United States, but risk remains for claims departments. According to the latest data from CoreLogic, there were 49,000 completed foreclosures in July 2013 — down 25 percent year over year and down 8.6 percent from June 2013. Since the financial crisis of September 2008, 4.5 million completed foreclosures […]