BuildFax News

Part One: Homeowner-Supplied Roof Age is Disastrously Wrong

“They’ve done studies, you know. 60 percent of the time, it works every time!” –Brian Fantana, Anchorman Things are worse than you think. So, it turns out that if an insurance agent (or underwriter) asks someone, “How old is your …

Evolution of the Roof Risk Part 3: Fixing the Solution

Insured thunderstorm losses are much higher than they have ever been, and there is no sign that they will return to lower levels any time soon. Moreover, the current state of the insurance industry—from the focus on heavy marketing to …

Evolution of the Roof Risk Part 2: Best Practices in Solving the Roof Problem

Insured thunderstorm losses are much higher than they have ever been, and there is no sign that they will return to lower levels any time soon. Moreover, the current state of the insurance industry—from the focus on heavy marketing to …

New Report Reveals Carriers May Miscalculate Florida Roof Ages

According to its new Florida Roof Age Report, BuildFax estimates 45 percent or more of the roof ages currently on file for carriers may be miscalculated by one or more years. The new report lists the top 10 Florida counties …

Report Identifies Florida Counties With Oldest Residential Roofs

The BuildFax Florida Roof Age Report, based on analysis of its historical residential building permit data, released its list of top 10 Florida counties with the oldest permitted residential roofs. The company recently reviewed more than five million single family …

Report Finds Two-Thirds of Florida Roofs Updated Since 2002

Based on the analysis of historical residential building permit data, two-thirds of Florida roofs have been updated since 2002, according to BuildFax’ Florida Roof Age Report released today. Over the past decade, substantial legislative efforts – such as a new, …

BuildFax Develops Up-to-Date Property Data for Insurers

In many ways, insurance is a battle for information. From marketing to underwriting to claims, the ability to know as much as possible about a potential insured, especially for property risks, is vital. A company called BuildFax is working to …