From catastrophes like hurricanes and sinkholes, to managing the risk of house fires, Verisk Insurance Solutions offers a number of ways to address risk.
For the first nine months of 2015, insured losses from catastrophe events in North America topped $12.6 billion.
Almost 600 properties were damaged or destroyed as California’s Butte wildfire ripped through nearly 71,000 acres during the summer of 2015.
California's Valley Fire in Middletown, which blazed through 65,000 acres, could be one of the top five costliest in the state's history.
Seventeen 2nd quarter North America catastrophe events led to $5.3 billion in insured losses, according to Verisk's Property Claim Services.
Improve underwriting decisions with data on claims events that may have affected a residence but were never claimed by the property owners.
Many insurers have significant potential to generate lift by aligning rates more closely with underlying risk levels.
California leads U.S., with most households at high or extreme risk from wildfires, according to the 2015 Verisk Wildfire Risk Analysis.
Verisk studies show by-peril rating enhances market share and profitability for homeowners insurers.
Insurers can better understand property flood risk by surveying exposures and accounting for building characteristics at the point of underwriting.
Verisk GIS database records 7.5 million fire hydrants in the United States, including the precise location and condition of each.
Verisk assessment of hail damage potential using the Hail Damage Score™ reveals top 10 riskiest states for hail damage exposure.
insured losses from North American catastrophe activity
New methodology for Public Protection Classification (PPC) grades will allow resurvey of nearly 48,000 communities every few years.
New Verisk LOCATION offerings include Hail Risk Score, Premium Tax Service in Minnesota; and Hawaii Lava and Tsunami services.