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.
Learn how the migration of ISO ratemaking systems to the cloud will deliver added value for Verisk customers.
Applying an inflation-based index to reconstruction cost estimates (RCEs) can cause homeowners insurers to miss important property changes at policy renewal.
COVID-19 and tragic events created major challenges insurance leaders, balancing the rapidly changing needs of employees and customers.
Total reconstruction costs surged at historic rates in the United States and Canada from October 2019 to October 2020 as lumber prices spiked.
COVID-19 has accelerated the digitization of insurance. Now, more than ever, insurers are turning to virtual technology and AI to help serve customers.
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.
Ripples from the pandemic are reaching homeowners insurers as the new normal transforms the housing market in multiple ways.
Multiple major wildfires have scorched more than 170,000 acres combined in California and Colorado, with some fires showing extraordinary behavior.
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.
Properly managing data is a daunting task when two carriers merge. Virtually every part of the policy lifecycle depends on it getting done right.
The COVID-19 pandemic has slowed new residential construction, and property/casualty insurers are likely to see a similar trend in new business submissions.
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.
With wildfire activity off to a quick start in 2020, Verisk’s latest FireLine® Risk Reports are now available to provide timely data on wildfire exposure.
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.
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