Joel Teemant
Keeping pulse: Tracking the latest price surges to maintain ITV
Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.
Hurricane Ian and other pressures drive uptick in reconstruction costs
Total reconstruction costs, including materials and retail labor, increased by 9.3% from October 2021 to October 2022.
Stay ahead of volatile replacement costs to support insurance-to-value
Enhance ITV at bind and renewal with 360Value for Commercial Property, which includes monthly price updates based on localized claims.
Reconstruction cost rise slows—but from historic peaks
Verisk's 360Value Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 3 percent from July 2021 to July 2022.
Integration without disruption: Simpler reconstruction cost estimates
Property insurers can move to simplify quoting workflows in a digital-first strategy with fast, reliable reconstruction cost estimates.
Inflation lifts reconstruction costs as fuel prices boost volatility
Verisk's 360Value® Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 13.5 percent from April 2021 to April 2022
Three strategies for reliable commercial property valuations
Enhance ITV with 360Value for Commercial Property, which includes monthly price updates and an a pioneering method for estimating contents.
Reconstruction prices rise moderately amid demand for materials, labor
Total U.S. reconstruction costs, including materials and retail labor, rose 7.2 percent in the year-over-year period ending January 2022.
Reconstruction costs rise slowly as lumber shows increasing volatility
The latest 360Value® Reconstruction Cost Analysis shows that lumber price volatility is slowing the overall pace of growth.
Finding local replacement cost estimates is usually no laughing matter
The comic strip is part of our new Laugh Ratios series, highlighting Verisk’s 360Value solutions, which provide reliable replacement cost estimates.
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%
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.
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%.
Manage roof risk: 360Value Roof Actual Cash Value
Verisk has facilitated insurers’ ability to manage roof risk with 360Value Roof Actual Cash Value (ACV), a tool for estimating a roof’s actual cash value.
Calculating alternative energy options in 360Value
Alternative energy systems are a property characteristic to consider when estimating replacement costs.