Insurance press releases

Global Modeled Losses Report 2025 Newsroom

Press release

9/2/2025 - 4 min read

$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes

Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two thirds of total potential losses, according to Verisk.

Two Colleagues Looking Intently At Data On Screen

Press release

8/21/2025 - 4 min read

Verisk Unveils New ClaimSearch Tools to Detect Digital Commerce and Locate Assets in Insurance Investigations

Verisk has launched two advanced fraud detection and asset location tools, Digital Commerce Detector and Digital Asset Finder, via ClaimSearch.

News brief

8/11/2025 - 2 min read

Eric Spear Named Chief Technology Officer for Verisk Extreme Event Solutions

Spear has been named chief technology officer for Verisk’s Extreme Event Solutions.

Wildfire In Hills Above Los Angeles Teaser

Press release

7/24/2025 - 3 min read

Verisk Sets Precedent as First to Complete Wildfire Catastrophe Model Review Process in California for Insurance Ratemaking

In a milestone for California’s evolving insurance landscape, the California Department of Insurance (CDI) has completed its review of the Verisk Wildfire Model for the United States for use by insurers in assessing wildfire risk and property insurance ratemaking.

News brief

7/17/2025 - 2 min read

Cargo Theft Surges 13% Year-Over-Year in Second Quarter 2025 as Organized Crime Groups Target High-Value Commodities

CargoNet recorded 884 supply chain theft events across the United States and Canada in the second quarter of 2025, representing a 13 percent increase compared to the same period in 2024.

Press release

7/17/2025 - 2 min read

Verisk Signs Definitive Agreement to Acquire SuranceBay to Expand its Life & Annuity Offerings

Verisk has signed a definitive agreement to acquire SuranceBay, a leading provider of producer licensing, onboarding, appointment and compliance solutions for the life and annuity industry.

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Press release

7/10/2025 - 2 min read

FRISS and Verisk Claims UK Join Forces to Combat Digital Media Fraud

This collaboration introduces the EU edition of Verisk’s powerful Digital Media Forensic service into FRISS Media Check, a newly launched solution suite designed to help insurers in the European market tackle the escalating threat of photo and document (digital media) fraud head-on.

News brief

7/2/2025 - 2 min read

Cargo Theft Risk Heightened During July 4th Holiday Week, Verisk CargoNet Analysis Shows

Verisk CargoNet today issued an urgent advisory to the logistics industry warning of significantly increased cargo theft risk during the upcoming July 4th holiday week.

Press release

6/30/2025 - 4 min read

WTW and Verisk Collaborate to Boost Efficiency, Speed, Accuracy and Analytical Sophistication in Commercial Insurance Pricing

Now incorporating ISO Electronic Rating Content™ (ISO ERC ™) from Verisk, WTW's Radar solution users can adjust to market price movements accurately and in real time.

Press release

6/18/2025 - 3 min read

One Inc Launches Pre-Built Payment Integration for Verisk’s FAST Life Insurance Platform

A pre-built payment integration for Verisk’s FAST, a modern, flexible platform designed to streamline and scale life insurance operations has been announced by One Inc.

News brief

5/21/2025 - 3 min read

Cargo Theft Risk Reaches All-Time Highs as Memorial Day Weekend Approaches, Verisk CargoNet Analysis Shows

As Memorial Day weekend approaches, cargo theft activity across the United States has surged to unprecedented levels, with reported incidents in 2025 already reaching alarming rates that far exceed historical averages. Analysis of holiday-period theft data from the past five years reveals a concerning pattern that suggests heightened risk during the upcoming Memorial Day weekend.

Press release

4/30/2025 - 3 min read

Verisk Unveils First-of-Its-Kind SRCC Catastrophe Model for the U.S. to Quantify Political Violence Risks

Verisk releases the industry’s first-of-its-kind catastrophe model to help quantify the financial impacts of strikes, riots and civil commotion (SRCC) in the United States.

Press release

4/8/2025 - 4 min read

U.S. Roof Claims Costs Reached Over $30 Billion In 2024, Underscoring Evolving Risks

Verisk today released its U.S. Roofing Realities Trend Report, which identifies trends and challenges in roof conditions.

Press release

3/20/2025 - 6 min read

U.S. Insurance Industry Shows Signs of Resilience Despite Continued Headwinds in 2024

Verisk and APCIA today reported full-year 2024 net income for the insurance industry, which is estimated to be $170 billion. Adjusting for over $70 billion in capital gains realized by one insurer, full-year 2024 net income is estimated to be $100 billion.

Press release

2/3/2025 - 4 min read

Hover Expands Offerings within Verisk's Xactimate to Advance Property Claims Efficiency

Hover, a leader in 3D property data, today announced an expanded collaboration with Verisk and its industry-leading Xactimate® platform for property claims management.