Trish Hopkinson

7/29/2021 - 1 min read

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.

7/22/2021 - 2 min read

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%

6/24/2021 - 2 min read

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.

4/27/2021 - 2 min read

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%.

4/13/2021 - 3 min read

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.

1/20/2021 - 2 min read

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.

11/13/2020 - 2 min read

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.

10/19/2020 - 2 min read

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.

7/17/2020 - 2 min read

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.

6/4/2020 - 2 min read

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.

5/28/2020 - 2 min read

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.

4/16/2020 - 2 min read

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.

1/13/2020 - 2 min read

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 levels for the United States and Canada from January 2018 to January 2020.

11/6/2019 - 2 min read

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 levels for the United States and Canada from October 2018 to October 2019.

10/24/2019 - 1 min read

Ensuring coverage measures up by cost per square foot

Verisk is adding a useful new feature to the 360Value replacement cost estimating platform to help underwriters spot potentially undervalued homes.