Homeowners Underwriting

4/30/2020 - 9 min read

Rethinking risk: The potential impacts of COVID-19 for personal and commercial lines loss costs

With much of the country closed for business due to COVID-19, many insurers face the question: How have these changes in activity affected insured risks?

4/22/2020 - 2 min read

The nuances of fire station type in predicting future losses

A new Verisk study shows how fire station type fares in predicting fire loss, alone and in combination with ISO’s Public Protection Classification (PPC).

4/16/2020 - 2 min read

Reconstruction costs rising at faster rates in U.S., Canada

Total reconstruction costs, including materials and retail labor, accelerated to 5.0% growth in the United States from April 2019 to April 2020.

4/15/2020 - 2 min read

InsurTech helps insurers make in-person tasks virtual

The COVID-19 crisis has constrained many insurers’ property inspections for underwriting and claims; Verisk is offering remote collaboration tools to help.

4/1/2020 - 7 min read

Five ways UK property underwriters can suffer from premium leakage

Premium leakage remains a big challenge among UK property underwriters. This article highlights five common ways underwriters might suffer from inaccurate rates, higher loss ratios or unexpected costs from claims due to missing or misstated underwriting information.

3/30/2020 - 4 min read

COVID-19 outbreak: Remote technologies ensure “business as usual” for claims adjusters

While the world faces logistical challenges from COVID-19, insurance claims will continue, and weather-related catastrophes will not abate due to the spread of COVID-19.

3/5/2020 - 2 min read

As another wildfire season nears, explore best practices now

Recent years’ wildfire activity underscores how dynamic the risk can be as property insurers gear up for the 2020 season. Verisk’s FireLine tool can help.

2/25/2020 - 2 min read

Carriers seek increased profitability in the hardening Florida insurance market

Amidst a hardening market, a recent analysis revealed that major system updates lowers a property’s resulting loss ratio.

2/24/2020 - 4 min read

E-scooter rentals reshape urban micromobility (part two)

What you need to know about e-scooters and insurance.

2/4/2020 - 4 min read

Freezing weather and burst pipe claims: Are insurers prepared for another ‘Beast from the East’?

UK insurers saw a significant spike in escape of water and weather-related claims during the first quarter of 2018 when Anticyclone Hartmut struck Great Britain and Ireland. How can insurers prepare for the next surge in extreme cold weather claims?

2/4/2020 - 2 min read

New credit-based insurance score taps two powerful resources

Verisk and Equifax have joined to create Inflection, a credit-based insurance score powered by a trended-credit model to increase its predictive potential.

1/30/2020 - 4 min read

E-scooter rentals reshape urban micromobility (part one)

How dangerous are e-scooters? We explore the latest research on e-scooter risk.

1/13/2020 - 5 min read

Wildfire around the world: A threat without borders

Firefighters around the world are struggling with wildfire seasons that seem to grow longer and more destructive every year.

1/13/2020 - 2 min read

Reconstruction cost trends diverge between U.S., Canada

Verisk recently released its latest 360Value® Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial levels for the United States and Canada from January 2018 to January 2020.

1/9/2020 - 2 min read

Consumer sense of cyber threat: High concern, low confidence

Two-thirds of consumers worry about possible cyberattacks, based on a recent Verisk survey, and nearly one in three report experiencing a threat or attack.