Insurance press releases

Press release

1/2/2025 - 3 min read

Verisk Wildfire Model is the First Catastrophe Model Under Review for Insurance Ratemaking in the State of California

Verisk announced that it is the first modeler to request a review of its wildfire catastrophe model by the California Department of Insurance (CDI).

News brief

12/19/2024 - 2 min read

Cargo Theft Surges to Record Levels as Holiday Season Approaches, Verisk CargoNet Analysis Shows

CargoNet shares an analysis of holiday-period theft data from the past five years.

Press release

11/21/2024 - 2 min read

Aviva and Verisk Announce Strategic Integration to Boost Property Claims Efficiency in Canada

Aviva will leverage Verisk's cutting-edge property estimation technology and insights for its claims handling solutions, enhancing accuracy and efficiency in processing for its partners and customers.

Press release

11/21/2024 - 3 min read

Aviva et Verisk annoncent une intégration stratégique pour améliorer l’efficacité des réclamations relatives aux propriétés au Canada

La gamme de produits Xactware de Verisk comme Xactimate, XactAnalysis et XactXpert est conçue pour aider les assureurs à réduire les temps de cycle des réclamations et à améliorer l’expérience des titulaires de police.

News brief

11/20/2024 - 2 min read

CargoNet Issues Alert: Cargo Theft Risks Spike During Thanksgiving Holiday

CargoNet warns of increased cargo theft risks during the Thanksgiving holiday period.

Press release

11/20/2024 - 4 min read

Lockton Re Selects Verisk U.S. Agricultural Risk Models to Develop New (Re)Insurance Solutions

Lockton Re will use Verisk’s agricultural risk modeling solutions – including Verisk's Multiple Peril Crop Insurance (MPCI) and Crop Hail Model for the U.S.

Press release

11/19/2024 - 2 min read

Verisk Offers Insurers Address-Level Insights to Better Assess Fire Protection Capabilities

Verisk introduced LOCATION^® Property Protection Score™ (PPS), which provides insurers with a score that represents fire protection capabilities at the address level.

News brief

11/18/2024 - 2 min read

Verisk Introduces Benchmark Reports via Guidewire to Streamline Weather-Related Claims

Verisk Benchmark^® Reports are now accessible through Guidewire, offering insurers precise weather verification data early in the claims lifecycle.

Press release

10/22/2024 - 2 min read

Verisk Debuts New Statistical Reporting Technology on Guidewire Marketplace

Verisk announced its latest advancement in statistical reporting technology with the launch of its Statistical Services accelerator integration with Guidewire.

Press release

10/16/2024 - 1 min read

Verisk CEO Lee Shavel Appointed to Federal Advisory Committee on Insurance

Verisk president and CEO Lee Shavel has been appointed to the Federal Advisory Committee on Insurance, which provides advice and recommendations to the Federal Insurance Office.

Press release

10/16/2024 - 8 min read

Verisk Estimates Industry Insured Losses for Hurricane Milton

Estimates that insured industry losses to onshore property for Hurricane Milton will fall between USD 30 billion and USD 50 billion.

Press release

10/8/2024 - 5 min read

Verisk Estimates Industry Insured Losses in U.S. for Hurricane Helene Will Range Between USD 6 Billion to USD 11 Billion

Industry insured losses due to wind, storm surge and hurricane precipitation induced flood in the U.S. for Hurricane Helene will range between USD 6 billion to USD 11 billion.

Press release

10/8/2024 - 3 min read

Verisk Names Shane Riedman President of Anti-Fraud Analytics

Verisk has announced that Shane Riedman has been named President of Anti-Fraud Analytics.

Press release

10/1/2024 - 2 min read

Verisk Estimates Industry Insured Losses from Flooding in Central Europe to Range from EUR 2 Billion (~USD 2.2 Billion) to EUR 3 Billion (~USD 3.4 Billion)

This event spread across several European nations during September with some of the worst impacts occurring along the border of Poland and Czechia.

Gettyimages 1263562386 Global Modeled Losses Pr

Press release

9/3/2024 - 4 min read

New Report: Average Annual Natural Catastrophe Losses for the Insurance Industry Reaches New High of $151 Billion

Verisk’s Extreme Event Solutions business cites exposure growth, impacts from climate change and climate variability and an increasing frequency of catastrophe events as contributors to steady rise in anticipated costs.