Data

Assessing commercial property risks before they get too risky

I’m not a gambler, and I always choose my words carefully. Essentially, I’m not a risk taker by nature, and, most likely, you’re the same. I guess that’s why we work in insurance. However, lately at meetings with our...

How One Insurance Company Used Social Media to Become Part of the National Conversation

When the U.S. Supreme Court released the ruling on gay marriage last week, it ignited a national conversation — much of which was carried out over social media. Insurers that are not active on social media may have...

Deep dive on ProMetrix: Next Generation

Numbers are curious things. The overused business expression for seeing something from a high level is “a 30,000 foot view.” Professional divers, however, define a “deep dive” as anything from 60 to 100 feet below the...

Fire data and a dinner

The FDNY Foundation recently hosted its 20th annual dinner in Manhattan, celebrating both the foundation and the 150th anniversary of the New York City Fire Department (FDNY). The dinner honored high-profile members o...

Drone Risk Management: Grant Goldsmith Visits Verisk HQ

The Verisk commercial property team recently had the pleasure of hosting guest speaker Grant Goldsmith as part of a commercial property customer event at the Verisk home office in Jersey City. Mr. Goldsmith is the...

The power of high-risk notifications — actually of on-site surveys

Sometimes the best way to make a point is to tell a simple story. An excess and surplus (E&S) lines insurer customer ordered an on-site survey for a multiuse building in a large city. When the Verisk field analyst tri...

Engineering a loss cost for competitiveness

If you’re an underwriter, you probably spend more time dealing with loss costs than you’d like. It can be frustrating because it’s a driver of your underwriting and pricing, but because it’s a filed instrument, you ha...

Auto underwriting and risk management: Keeping track of changes to policyholder lives

Every insurance policy captures a snapshot in time. Your underwriting and pricing decisions depend on the condition of the property (auto or home) or the status of the purchaser on a specific date. But circumstances...

Rhode Island Releases Details of Letter Campaign

The Rhode Island Insurance Verification System (RIIVS) went live in November 2014, initiating the requirement that insurance companies report a full book of business to RIIVS by the 7th of each month. The system match...

Evolution of Homeowners Underwriting

At the start of a new year, we review the past and speculate about the future. As you consider how homeowners insurance may change in the coming years, we thought it would be fun to share a look back at how homeowners...