Commercial Property

10/5/2021 - 2 min read

Unprecedented behavior: Wildfires have jumped the Sierra Nevada

The Caldor Fire in California and Nevada is the second known instance—both occurring in 2021—of a wildfire crossing the Sierra Nevada.

9/27/2021 - 3 min read

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.

8/2/2021 - 3 min read

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.

8/2/2021 - 3 min read

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

7/29/2021 - 1 min read

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.

7/22/2021 - 2 min read

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%

7/15/2021 - 4 min read

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.

5/26/2021 - 2 min read

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.

5/20/2021 - 4 min read

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.

5/11/2021 - 4 min read

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.

5/10/2021 - 3 min read

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.

5/7/2021 - 2 min read

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.

4/27/2021 - 2 min read

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%.

3/12/2021 - 4 min read

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.

1/27/2021 - 4 min read

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% hit rate.