Applying an inflation-based index to reconstruction cost estimates (RCEs) can cause homeowners insurers to miss important property changes at policy renewal.
Total reconstruction costs surged at historic rates in the United States and Canada from October 2019 to October 2020 as lumber prices spiked.
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.
Property insurance prefill gets easier with 19 million more addresses added to SmartSource® in 360Value®, Verisk’s replacement cost estimate tool.
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.
Total reconstruction costs, including materials and retail labor, accelerated to 5.0% growth in the United States from April 2019 to April 2020.
Verisk recently released its latest 360Value® Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial…
Verisk recently released its latest 360Value® Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial…
Verisk is adding a useful new feature to the 360Value replacement cost estimating platform to help underwriters spot potentially undervalued homes.
Verisk released its latest 360Value Quarterly Cost Update, reviewing national and state/provincial reconstruction cost trends for the U.S. and 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…
Verisk recently released its latest 360Value® Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial…
Verisk recently released its latest 360Value® Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial…
New and updated workflow solutions are great, except when they’re not. No two insurers’ workflows are exactly alike, and when an update is released or a new tool is under…
Verisk recently released its latest 360Value Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial…