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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.

Prefill Data Workflows Teaser
August 15, 2023

Smarter and faster: Prefill data to help accelerate workflows

Current and curated data about a structure’s age, square footage, and use are the backbone of reliable reconstruction cost estimates (RCEs).

Q1 Quarterly Report 23 1
July 13, 2023

Quarterly reconstruction cost increases continue to steady

Total reconstruction costs increased 4.3% from July 2022 to July 2023. This uptick follows the 3.1% increase from April 2022 to April 2023.

After Catastrophes
May 4, 2023

What happens after catastrophes? Protection in a time of loss

Despite mitigation measures, natural hazards may still cause damage, and insurers need actionable data to guide underwriting and pricing.

Q1 Quarterly Report 23
April 12, 2023

Reconstruction cost dips signal increased market stabilization

Total reconstruction costs, including materials and labor, increased 3.1% from April 2022 to 2023. Costs continue to slow down and steady.

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.

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