Trish Hopkinson
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.
Keeping up with home improvements—and insurance to value
Knowing when a property has been updated is critical, as these changes can add new liability risks and insurance-to-value considerations.
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.
Capture insurance to value at renewal for personal property
With renovations increasing rapidly, the pressure to monitor property changes has increased to promote premium and ITV alignment.
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 prefill data helps boost homeowners underwriting confidently
SmartSource in 360Value gives personal property insurers the current and comprehensive data they need to underwrite with confidence.
Using a data ecosystem to capture impacts of Colorado’s Marshall Fire
A new Verisk wildfire case study breaks down the data suite used to evaluate the aftermath of the recent Marshall Fire in Colorado.
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.
Current cost estimates key to manage lumber’s ‘demand surge’
Property insurance underwriters relying on up-to-date cost data to cope with higher reconstruction estimates amid lumber's price volatility.
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%
Stronger underwriting-claims link is boon to residential property insurance
Verisk is giving insurers a new way to discover if their replacement cost estimates need updating.
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%.
Building ’em like they used to: Insurance to value on older homes
Verisk’s 360Value® reconstruction cost estimating tool can help insurers maintain ITV for older homes that have more varied building materials and techniques.