Personal Property
Why Hurricane Michael's landfall is historic
Michael will be recorded as the most intense hurricane on record to have struck land in the North Atlantic basin (which includes the Gulf of Mexico and Caribbean) in the…
How insurers can take back control of flood risk
The insurance industry has been largely content to let coverage flow through the government’s National Flood Insurance Program (NFIP), with limited availability in the…
Wyoming fires’ growing footprint threatens hundreds of homes
Wildfires continue to burn near the Wyoming/Colorado border, and the largest, most destructive ones—the Roosevelt, Marten Creek, and Ryan fires—are at various stages of…
California wildfires spark state insurance legislation
Recent record-breaking, destructive California wildfire seasons highlighted insurance issues that drove the introduction of over 17 bills during the 2017–2018 state…
Why climate change and hurricane stalls mean flooding rain
For the second time in the last two years, hurricane precipitation in the U.S. was exacerbated by incredibly slow movement as Florence impinged on the Carolina coastline.
PPC: Evaluating fire protection at the grass roots
Insurers measuring the level of protection in a community need to know which station responds first to every address, who and what are inside those stations, where the…
Responsive insurance agents can capitalize on the demands of millennials
Insurers should not be asking, 'Will millennials need coverage?' but rather, 'How can we effectively provide coverage to this market segment?'
Mendocino Complex Fire, California’s largest, keeps burning
Verisk's FireLine categorized more than 99 percent of the Mendocino Complex Fire area as at risk, with over 94 percent at high or extreme risk.
Trust, experience give PPC an edge in rating fire protection
Fire protection in the United States didn’t grow up overnight. It arose and evolved piece by piece, and to this day, fire protection is changing in large and small ways.…
Slow progress reported against destructive Carr Fire
FireLine, Verisk’s wildfire risk management tool, is guiding analysis of risk factors seen within the Carr Fire’s perimeter. FireLine categorized more than 99 percent of…
Reconstruction cost increases leveling out
Verisk recently released its latest 360Value Quarterly Cost Update, which offers an overview of current reconstruction cost trends at the national and state/provincial…
Multiple wildfires scorch U.S. West; 300 structures destroyed
Just four of the dozens of wildfires burning across the western United States have consumed nearly a quarter million acres, killed one person, and destroyed more than 300…
Puerto Rico loses billions from Maria, and insurers are still counting
More than 10 months since Hurricane Maria made landfall in Puerto Rico, the island is still reeling from the devastating storm. Homeowners, commercial property owners,…
July 2018 preview: Historical catastrophe activity
Wildfires, hurricanes, and other storm events are all potential risks in the summer months. As we head into July, we examine the recent catastrophe trends for the month.
A flood is not always a flood
For agents, fallacies about flood insurance coverage can lead to dissatisfied customers, and an uninsured or under insured flood loss may provoke a lawsuit.