Homeowners Underwriting
The COVID-19 journey for homeowners insurers: Building on lessons learned and new-normal strategies
Economic turmoil, lifestyle changes, and transitions to remote work amid the COVID-19 pandemic created a “new normal” for personal property insurance.
How old is that roof?
Validating roof age is an ongoing challenge for homeowners insurers that demands a range of reliable sources to verify age, condition, and characteristics.
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.
Why we’re building the future of actuarial analysis in the cloud
Learn how the migration of ISO ratemaking systems to the cloud will deliver added value for Verisk customers.
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.
Five qualities of strong insurance leaders that emerged this year
COVID-19 and tragic events created major challenges insurance leaders, balancing the rapidly changing needs of employees and customers.
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.
Five Ways to Leverage the Rapid Digitization of Insurance
COVID-19 has accelerated the digitization of insurance. Now, more than ever, insurers are turning to virtual technology and AI to help serve customers.
Record-breaking West Coast infernos put a fresh focus on wildfire risk
Wildfires on the west coast have burned more than 5 million acres in 2020, renewing discussion in climate change's role in this growing peril.
How the pandemic has affected homeowners insurance (Infographic)
Ripples from the pandemic are reaching homeowners insurers as the new normal transforms the housing market in multiple ways.
California, Colorado wildfires show extreme behavior amid heatwave
Multiple major wildfires have scorched more than 170,000 acres combined in California and Colorado, with some fires showing extraordinary behavior.
Fast-spreading Apple Fire spurs evacuations in California
The Apple Fire prompted evacuations as it burned a portion of California’s Riverside County where 98 percent of the area was at high or extreme wildfire risk.
Why data management must be a top priority for insurance mergers and acquisitions
Properly managing data is a daunting task when two carriers merge. Virtually every part of the policy lifecycle depends on it getting done right.
Residential construction activity: An important indicator points the way for new business growth
The COVID-19 pandemic has slowed new residential construction, and property/casualty insurers are likely to see a similar trend in new business submissions.
Covering the buried peril of underground utility lines
ISO has launched a homeowners insurance coverage option for damage to underground utilities, which can be expensive to fix or replace and cause costly damage.