Homeowners Underwriting
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.
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.
Sewer backup: Paddling into flood insurance insights
When confronting the sewer backup peril, understanding both coverage & related weather factors can help you better understand and account for your policyholders' exposure
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.
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.
Wildfire season turns explosive with Bootleg, Dixie fires
Massive wildfires continued to burn in Oregon and California, feeding on fuels dried by prolonged drought and weather conditions that promoted their spread
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.
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.
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%
Seeking new paths to cost efficiency in underwriting reports
Underwriting expenses can force auto and property insurers to choose between high costs that drain profitability and incomplete risk data.
Stronger underwriting-claims link is boon to residential property insurance
Verisk is giving insurers a new way to discover if their replacement cost estimates need updating.
Virtual inspections give insurers a leg up, down on the farm
From quote to renewal, a virtual inspections are a good option for insurers to account for risks while promoting safety and maintaining the workflow of a farm.
How the hail hazard is affecting property insurance
Confronting hail risk means having an informed strategy and effective tools backed by advanced technology and analytics.
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%.
Five emerging risk trends facing homeowners (and how we're addressing them)
Learn how a major update to the ISO Homeowners insurance program will address cannabis, drones, virtual currencies, and other new risks.