Commercial Property

7/22/2021 - 2 min read

Reconstruction costs rise sharply, boosted by historic surge in lumber prices

Total reconstruction costs rose 16.7% in the second quarter of 2021, with lumber up 162.7%

7/15/2021 - 4 min read

How to find reliable data in the Lloyd’s Market

Reliable data is an indispensable resource for actuaries, whether they are novices or seasoned practitioners.

5/26/2021 - 2 min read

Double-checking made easy: Commercial property underwriters can now access verified replacement cost estimates on demand

A new, customer-focused purchase option gives ProMetrix users the power to order 360Value commercial property replacement cost estimates on demand.

5/20/2021 - 4 min read

Dynamic duo: Pairing skilled survey professionals with virtual technology is transforming commercial property inspections

The OneXperience Virtual Survey Service combines the rigor of an on-site inspection by a skilled field representative with the convenience of a virtual inspection.

5/11/2021 - 4 min read

Robust data and analytics are fast-tracking small commercial underwriting

Harnessing unstructured data introduces more data points, granular information, and timeliness to help insurers underwrite with greater speed and accuracy.

5/10/2021 - 3 min read

Three reasons to be optimistic about commercial lines in 2021

Several bright spots suggest that for many commercial lines, there's no reason to bring a negative attitude into 2021.

5/7/2021 - 2 min read

How the hail hazard is affecting property insurance

Confronting hail risk means having an informed strategy and effective tools backed by advanced technology and analytics.

4/27/2021 - 2 min read

Building activity drives rise in reconstruction costs, with lumber leading the way

Total U.S. reconstruction costs continued to rise in Q2 2021, according to Verisk, with lumber costs soaring a historic 84.71%.

3/12/2021 - 4 min read

How a commercial lines insurance company accelerated employee training with ISO Education

Learn how one insurer saved a year's worth of work with the ISO Education Knowledge Sharing program for employee training.

1/27/2021 - 4 min read

ProMetrix substantially enhances database: Core attributes now available on 12.2 million commercial properties

ProMetrix now includes CSP codes, ISO construction class, year built, number of stories, and square footage for 12.2 million commercial properties for a 100% hit rate.

1/20/2021 - 2 min read

Pandemic-driven demand increases in lumber markets send reconstruction costs soaring

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.