Trish Hopkinson
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.
Pandemic-driven demand increases in lumber markets send reconstruction costs soaring
Total reconstruction costs increased sharply again at the national level in the United States and Canada, according to the latest data from Verisk’s 360Value.
Four reasons to pay close attention to your homeowners renewal book
Applying an inflation-based index to reconstruction cost estimates (RCEs) can cause homeowners insurers to miss important property changes at policy renewal.
Reconstruction cost increases reach historic high
Total reconstruction costs surged at historic rates in the United States and Canada from October 2019 to October 2020 as lumber prices spiked.
Reconstruction costs continue to rise in U.S., Canada
Total reconstruction costs, including materials and retail labor, increased 4.8% at the national level in the United States from July 2019 to July 2020.
More prefill data to accelerate and improve personal property underwriting
Property insurance prefill gets easier with 19 million more addresses added to SmartSource® in 360Value®, Verisk’s replacement cost estimate tool.
Reconstruction costs tick upward as pandemic unfolds
Reconstruction costs continue to rise in the second quarter of 2020, based on interim data extracted to identify short-term impacts of the COVID-19 pandemic.
Reconstruction costs rising at faster rates in U.S., Canada
Total reconstruction costs, including materials and retail labor, accelerated to 5.0% growth in the United States from April 2019 to April 2020.
Reconstruction cost trends diverge between U.S., Canada
Verisk recently released its latest 360Value® Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial…
Reconstruction cost growth steadies after slowing last year
Verisk recently released its latest 360Value® Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial…