Homeowners Underwriting

5/4/2023 - 2 min read

What happens after catastrophes? Protection in a time of loss

Despite mitigation measures, natural hazards may still cause damage, and insurers need actionable data to guide underwriting and pricing.

5/4/2023 - 3 min read

How insurtech can better determine sufficient contents coverage

From estimating to calculating: Predictive modeling and machine learning remove the guesswork from evaluations.

4/28/2023 - 0 min read

Having the best of both worlds in property and auto inspections

Determining or verifying key risk characteristics of insured property or vehicles can be costly, labor-intensive, and time-consuming.

4/12/2023 - 2 min read

Reconstruction cost dips signal increased market stabilization

Total reconstruction costs, including materials and labor, increased 3.1% from April 2022 to 2023. Costs continue to slow down and steady.

4/6/2023 - 2 min read

Severe thunderstorms and hail: Concentrated events that pack a punch

Severe thunderstorms are a common natural phenomenon in the US, causing more than half of annual reported insured losses since 1985.

2/8/2023 - 1 min read

The claims connection: A key consideration for ITV alignment

The truest test of an ITV solution is how it performs with actual losses, which can yield critical data to validate and calibrate RCEs.

1/18/2023 - 2 min read

As increases slow, reconstruction costs show signs of stabilizing

Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.

10/31/2022 - 2 min read

Keeping pulse: Tracking the latest price surges to maintain ITV

Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.

10/20/2022 - 6 min read

Will climate change lead to more hurricanes?

Verisk’s Climate Change Projections help organizations investigate how loss metrics such as average annual losses (AALs) and return period may change in the future.

10/19/2022 - 3 min read

Hurricane Ian and other pressures drive uptick in reconstruction costs

Total reconstruction costs, including materials and retail labor, increased by 9.3% from October 2021 to October 2022.

7/15/2022 - 2 min read

Taking a data-driven view of evolving Florida roof risk

Florida’s statutory environment surrounding coverage for roofs may demand more robust data to clarify risk amid increasing complexity.

7/14/2022 - 1 min read

How’s homeowners? New analysis of Verisk data reveals key trends

A report on the state of homeowners insurance through the unique prism of Verisk’s expert analysis and proprietary data.

7/8/2022 - 3 min read

Tree analytics: Finding the path through a forest of property risk

Billions of trees on residential properties are a challenge to homeowners insurers, but aerial imagery and analytics can help underwriters.

6/29/2022 - 1 min read

Keeping up with home improvements—and insurance to value

Knowing when a property has been updated is critical, as these changes can add new liability risks and insurance-to-value considerations.

6/24/2022 - 3 min read

Integration without disruption: Simpler reconstruction cost estimates

Property insurers can move to simplify quoting workflows in a digital-first strategy with fast, reliable reconstruction cost estimates.