Personal Property
Sewer backup: Paddling into flood insurance insights
When confronting the sewer backup peril, understanding both coverage & related weather factors can help you better understand and account for your policyholders' exposure
Reconstruction costs rise slowly as lumber shows increasing volatility
The latest 360Value® Reconstruction Cost Analysis shows that lumber price volatility is slowing the overall pace of growth.
Verisk 2021 wildfire risk analysis provides updated data on rising threat
Fully understanding the peril of wildfire and the primary risk factors involved is crucial to accurate property underwriting. FireLine® Risk Reports can help keep you…
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.
Current cost estimates key to manage lumber’s ‘demand surge’
Property insurance underwriters relying on up-to-date cost data to cope with higher reconstruction estimates amid lumber's price volatility.
How can home and motor insurers adapt to looming FCA reforms?
The upcoming reforms have caused many insurers to re-evaluate their approaches to pricing home and motor policies.
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
The big build: How a rise in renovations may affect property insurance
People spending more time at home seemed to ultimately help many insurers, as loss frequency declined in 2020 year over year across several categories.
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%
Seeking new paths to cost efficiency in underwriting reports
Underwriting expenses can force auto and property insurers to choose between high costs that drain profitability and incomplete risk data.
Stronger underwriting-claims link is boon to residential property insurance
Verisk is giving insurers a new way to discover if their replacement cost estimates need updating.
Virtual inspections give insurers a leg up, down on the farm
From quote to renewal, a virtual inspections are a good option for insurers to account for risks while promoting safety and maintaining the workflow of a farm.
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%.