Commercial Property
How original loss curves can improve pricing in the London Market
Risk pricing is challenging when you do not have historical data as claims are random events with uncertain frequency and severity.
Swift alerts to insurers can help prevent major commercial property losses
Verisk's High-Risk Notification Service helps identify conditions that can trigger unexpected claims.
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
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%
How to find reliable data in the Lloyd’s Market
Reliable data is an indispensable resource for actuaries, whether they are novices or seasoned practitioners.
Double-checking made easy: Commercial property underwriters can now access verified replacement cost estimates on demand
A new, customer-focused purchase option gives ProMetrix users the power to order 360Value commercial property replacement cost estimates on demand.
Dynamic duo: Pairing skilled survey professionals with virtual technology is transforming commercial property inspections
The OneXperience Virtual Survey Service combines the rigor of an on-site inspection by a skilled field representative with the convenience of a virtual inspection.
Robust data and analytics are fast-tracking small commercial underwriting
Harnessing unstructured data introduces more data points, granular information, and timeliness to help insurers underwrite with greater speed and accuracy.
Three reasons to be optimistic about commercial lines in 2021
Several bright spots suggest that for many commercial lines, there's no reason to bring a negative attitude into 2021.
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%.
How a commercial lines insurance company accelerated employee training with ISO Education
Learn how one insurer saved a year's worth of work with the ISO Education Knowledge Sharing program for employee training.
ProMetrix substantially enhances database: Core attributes now available on 12.2 million commercial properties
ProMetrix now includes CSP codes, ISO construction class, year built, number of stories, and square footage for 12.2 million commercial properties for a 100 percent hit…
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.