Validating roof age is an ongoing challenge for homeowners insurers that demands a range of reliable sources to verify age, condition, and characteristics.
Total reconstruction costs increased sharply again at the national level in the United States and Canada, according to the latest data from Verisk’s 360Value.
Applying an inflation-based index to reconstruction cost estimates (RCEs) can cause homeowners insurers to miss important property changes at policy renewal.
COVID-19 has accelerated the digitization of insurance. Now, more than ever, insurers are turning to virtual technology and AI to help serve customers.
The Apple Fire prompted evacuations as it burned a portion of California’s Riverside County where 98 percent of the area was at high or extreme wildfire risk.