360Value

1/19/2022 - 4 min read

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.

2022 Economic Shifts For Homeowner Insurers

12/9/2021 - 5 min read

Economic shifts shape the unfolding journey for homeowners insurers

Supply-chain issues, labor shortages, and high demand for building resources are complicating factors as homeowners insurers head into 2022.

10/20/2021 - 3 min read

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.

8/30/2021 - 5 min read

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.

8/2/2021 - 5 min read

The big build: How a rise in renovations may affect property insurance

People spending more time at home seemed to ultimately help many insurers, as loss frequency declined in 2020 year over year across several categories.

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%

5/26/2021 - 2 min read

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.

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.