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VISUALIZE | INSIGHTS THAT POWER INNOVATION

Joel Teemant

Joel Teemant is product director, 360Value commercial lines, for Verisk. He can be reached at jteemant@verisk.com.

Underperformance Teaser
February 8, 2023

The claims connection: A key consideration for ITV alignment

The truest test of an ITV solution is how it performs with actual losses, which can yield critical data to validate and calibrate RCEs.

Q1 Quarterly Report 23
January 18, 2023

As increases slow, reconstruction costs show signs of stabilizing

Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.

Underinsurance Report Teaser
October 31, 2022

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.

360value Reconstruction Teaser
October 19, 2022

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.

Inside Data
August 31, 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 Value
July 15, 2022

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.

Simpler Reconstruction
June 24, 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.

Value Reconstruction
April 19, 2022

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

Reliable Commercial Property Valuations
March 9, 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.

360value Reconstrucion Costs
January 19, 2022

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.

360value Reconstrucion Costs
October 20, 2021

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.

Laugh Ratio Teaser
July 29, 2021

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.

360value Reconstrucion Costs
July 22, 2021

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%

Gettyimages 1188827423 Teaser
May 26, 2021

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.

360value Reconstrucion Costs
April 27, 2021

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%.

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