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May 26, 2021

Double-checking made easy: Commercial property underwriters can now access verified replacement cost estimates on demand

A new, customer-focused purchase option gives ProMetrix users the power to order 360Value commercial property replacement cost estimates on demand.

April 27, 2021

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%.

April 13, 2021

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.

January 20, 2021

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.

November 13, 2020

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.

October 19, 2020

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.

July 17, 2020

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.

June 4, 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.

June 2, 2020

Recent integrations make OneXperience the leader in comprehensive virtual property inspection

OneXperience for personal and commercial lines can transform property inspection workflows with valuation tools, property characteristics, and aerial imagery.

May 28, 2020

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.

April 16, 2020

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.

January 13, 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…

November 14, 2019

Death by a thousand cuts: Why Lloyd’s underwriters need better data for attritional losses

Not understanding the true nature or quality of a risk can lead to poor attritional loss ratios, which is why it's paramount that Lloyd’s underwriters not lose out to…

November 6, 2019

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…

October 24, 2019

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.