Verisk’s 360Value® reconstruction cost estimating tool can help insurers maintain ITV for older homes that have more varied building materials and techniques.
As dramatic as the statistics surrounding the 2020 wildfire season were, the messages they carry and the questions they raise are even more critical to address.
As wintry weather sweeps across the UK, many insurers are cognisant that another potential 'Beast from the East' or wave of unusually cold spells could lead to a surge in extreme cold weather claims.
Validating roof age is an ongoing challenge for homeowners insurers that demands a range of reliable sources to verify age, condition, and characteristics.
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.
Applying an inflation-based index to reconstruction cost estimates (RCEs) can cause homeowners insurers to miss important property changes at policy renewal.
COVID-19 has accelerated the digitization of insurance. Now, more than ever, insurers are turning to virtual technology and AI to help serve customers.