JERSEY CITY, N.J., January 26, 2018 - The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in nine-months 2017 from $32.1 billion in nine-months 2016-a 30.3 percent decline-and its overall profitability as measured by its annualized rate of return on average policyholders' surplus fall to 4.2 percent from 6.3 percent, according to ISO, a Verisk (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI).
Carlsbad, Calif., January 23, 2018 — Verisk 3E, the leading global provider of intelligent compliance solutions, and Cority, the most trusted environmental, health, safety, and quality (EHSQ) software for assuring client success, today announced a new strategic alliance. Verisk 3E and Cority joint customers will benefit from combined, industry leading Safety Data Sheet (SDS) management systems, integrated access to Verisk 3E’s vast library of SDSs, and up-to-date global occupational exposure limit (OEL) content.
JERSEY CITY, N.J., January 17, 2018 — CargoNet, a Verisk (Nasdaq:VRSK) business and the nation’s leader in cargo theft recovery, intelligence, and analytics, and 7PSolutions (7P), a global leader in GPS supply chain management tools, jointly announced today that they will work together to aid mutual clients in reducing cargo theft and recovering stolen cargo.
JERSEY CITY, N.J., January 11, 2018 — Verisk (Nasdaq:VRSK), a leading data analytics provider, is pleased to announce that Nationwide has implemented Verisk’s newly enhanced ClaimDirectorSM solution to assist in the detection of potential insurance fraud.
JERSEY CITY, N.J., January 11, 2018 — Verisk (Nasdaq:VRSK), a leading data analytics provider, has launched a new personal lines flood insurance program through its ISO business designed to make flood coverage widely available to homeowners anywhere in the contiguous United States.
JERSEY CITY, N.J., January 9, 2018 — ISO Electronic Rating ContentTM (ISO ERCTM) enabled Starr Companies to launch a new direct-to-consumer BOP (businessowners policy) program on a rapid scale across the United States last year. ISO ERC helps insurers innovate and expand by automating the manual implementation process for ISO loss costs, rules, and coverage updates. ISO is a Verisk (Nasdaq:VRSK) business.
BOSTON, Jan. 8, 2018 — Catastrophe modeling firm AIR Worldwide announced that Hudson Crop, a unit of Hudson Insurance Group, has selected the AIR Fund Designation Service to enhance its fund designation strategy. AIR’s fund designation solution enables insurers to manage their crop portfolio risk and better optimize their company’s stakeholder value under current yield, price, and crop insurance program uncertainties. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.