Personal Property

7/9/2020 - 2 min read

Data helps unmask hail risk, a volatile peril with potentially hidden consequences

A new Verisk white paper, U.S. Hail Damage Insights, examines key topics and data for insurers concerning hail, which can cause damage that goes undetected.

7/1/2020 - 3 min read

Burst of wildfire activity threatens multiple Utah communities

Wildfires threatened communities and forced evacuations in Utah in late June, destroying and damaging properties. Verisk’s FireLine is guiding risk analysis.

6/16/2020 - 2 min read

Crews battle fast-moving Bighorn, Mangum, and Bush fires as Arizona sees early start to activity

As the Bighorn Fire in Arizona grows rapidly near Tucson, Verisk’s FireLine wildfire risk management tool guides analysis of risk factors in the fire area.

6/4/2020 - 2 min read

More prefill data to accelerate and improve personal property underwriting

Property insurance prefill gets easier with 19 million more addresses added to SmartSource® in 360Value®, Verisk’s replacement cost estimate tool.

6/2/2020 - 2 min read

Recent integrations make OneXperience the leader in comprehensive virtual property inspection

OneXperience for personal and commercial lines can transform property inspection workflows with valuation tools, property characteristics, and aerial imagery.

5/28/2020 - 4 min read

Moving forward in the age of COVID-19: Personal lines strategies for the “new normal”

How personal lines insurance carriers can adjust to the new challenges presented by the COVID-19 pandemic.

5/28/2020 - 2 min read

Reconstruction costs tick upward as pandemic unfolds

Reconstruction costs continue to rise in the second quarter of 2020, based on interim data extracted to identify short-term impacts of the COVID-19 pandemic.

5/27/2020 - 1 min read

Analyzing 2019 wildfire damage and property exposure

A new Verisk white paper, "Wildfire Risk Insight: An analysis of property exposure and wildfire damage in 2019," examines wildfire from multiple angles.

5/18/2020 - 4 min read

Storms Ciara, Dennis, and Jorge reinforce need for robust models

With storms Ciara, Dennis, and Jorge all contributing to the wettest February on record, it’s a sensible time for insurers to test whether their perils models are fit for purpose.

4/30/2020 - 9 min read

Rethinking risk: The potential impacts of COVID-19 for personal and commercial lines loss costs

With much of the country closed for business due to COVID-19, many insurers face the question: How have these changes in activity affected insured risks?

4/28/2020 - 2 min read

New tools translate to higher lender/insurer efficiency

Verisk is rolling out CV-VaaS (Verification as a Service) to connect key information between lenders and insurers via a new contributory database.

4/22/2020 - 2 min read

The nuances of fire station type in predicting future losses

A new Verisk study shows how fire station type fares in predicting fire loss, alone and in combination with ISO’s Public Protection Classification (PPC).

4/16/2020 - 2 min read

Reconstruction costs rising at faster rates in U.S., Canada

Total reconstruction costs, including materials and retail labor, accelerated to 5.0% growth in the United States from April 2019 to April 2020.

4/15/2020 - 2 min read

InsurTech helps insurers make in-person tasks virtual

The COVID-19 crisis has constrained many insurers’ property inspections for underwriting and claims; Verisk is offering remote collaboration tools to help.

4/1/2020 - 7 min read

Five ways UK property underwriters can suffer from premium leakage

Premium leakage remains a big challenge among UK property underwriters. This article highlights five common ways underwriters might suffer from inaccurate rates, higher loss ratios or unexpected costs from claims due to missing or misstated underwriting information.