Commercial Property

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.

3/28/2023 - 1 min read

Aligning a small commercial insurance book with reality—and strategy

A portfolio analysis can uncover new risks, reveal opportunities to true up coverages, and show where rate increases may be warranted

2/9/2023 - 3 min read

Human insight, digital empowerment enrich commercial property surveys

Technology and data are expanding survey capabilities beyond on-site inspections to provide critical commercial property information.

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.

11/2/2022 - 2 min read

Clear away obstacles to fast, profitable small commercial underwriting

Prefill application details, amplified with analytics, can fuel small commercial underwriting automation by tapping unstructured data

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.

10/21/2022 - 3 min read

Reimagine small commercial underwriting with better, broader data

Automated underwriting requires high-quality data. The quote must be informed by a holistic view of the applicant’s risk profile.

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.

9/27/2022 - 3 min read

Best practices for underwriting natural catastrophe risk

Taking into consideration the nuances of the property you’re insuring can help you take charge of multifaceted risk factors.

9/27/2022 - 3 min read

What insurers need to know about ISO Commercial Lines Manual rating engine vendors

Here's the difference between an insurance rating engine that uses ISO Electronic Rating Content™ (ISO ERC) and one that doesn't.

9/19/2022 - 1 min read

Stop hitting snooze on your rating updates

Is the process of updating your commercial lines insurance rating content keeping you up nights? It's time for a cloud rating engine.

9/13/2022 - 1 min read

For insurers, Q1 2022 brought underwriting gains, inflation concerns

While Q1 2022 brought underwriting gains for P/C insurers, inflation continued to create significant challenges for insurers.

9/6/2022 - 2 min read

How innovative insurers can launch commercial lines products faster

Learn how commercial lines insurers are leveraging the power of a standardized rating engine to help them spin up new products quickly.