Heritage Insurance Bundles Verisk’s LOCATION Suite of Services to Provide Foundation for Sound Risk Management

JERSEY CITY, N.J., October 1, 2015 — Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, today announced that Heritage Property & Casualty Insurance Company is integrating the LOCATION® suite of services into its underwriting workflow. LOCATION provides insurers property-specific risk assessment data that can help in making underwriting decisions.

Heritage Property & Casualty Insurance Company is a leading provider of personal and commercial residential insurance products in Florida and a subsidiary of Heritage Insurance Holdings, Inc. (NYSE:HRTG). Verisk Insurance Solutions is a Verisk Analytics (Nasdaq:VRSK) business.

“Heritage is rooted in strong risk management to provide our policyholders with the highest-quality insurance at competitive rates,” said Ernie Garateix, chief operating officer at Heritage. “The Verisk LOCATION suite provides us with the risk data we need to assess both catastrophe and noncatastrophe risk to make sound underwriting decisions and ultimately build an optimal portfolio.”

To assess the noncatastrophe portion of a policy, Heritage uses the LOCATION Public Protection Classification (PPC™), Premium Tax, and Sinkhole Services. LOCATION PPC provides Heritage an assessment of the fire mitigation capabilities of the community in which the property is located. This information, combined with the proximity of the property to the nearest primary responding fire station and credible water source, is the basis of the PPC code. Heritage also uses Future Effective PPC, which captures future changes to a community’s PPC to make sure properties are properly rated through the life of the policy.

As a writer of Florida home, condo, rental property, and commercial residential insurance, Heritage must carefully assess catastrophe risk for each new property it considers for underwriting. To support catastrophe risk management, Heritage uses LOCATION distance to coast, the Building Code Effectiveness Grading Schedule (BCEGS®), and AIR Worldwide catastrophe hazard data.

About Heritage Insurance
Heritage Insurance Holdings, Inc. (NYSE:HRTG) is a property and casualty insurance holding company headquartered in Clearwater, Florida. Its subsidiary, Heritage Property & Casualty Insurance Company, writes over $500 million of personal and commercial residential premium through a large network of experienced agents. Heritage is led by an experienced senior management team with an average of 28 years of insurance industry experience.

About Verisk Insurance Solutions
A Verisk Analytics (Nasdaq:VRSK) business, Verisk Insurance Solutions is a leading source of information about property/casualty insurance risk. Drawing upon vast experience in data management, security, and predictive modeling to serve its clients, Verisk Insurance Solutions includes the industry-leading brands of ISO, AIR Worldwide, and Xactware. In the United States and around the world, Verisk Insurance Solutions helps customers protect people, property, and financial assets. For more information, visit www.verisk.com/insurance.

Media Contacts

Giuseppe Barone/Colleen Finley
MWW Group (for Verisk Insurance Solutions)

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