BuildFax, a provider of property condition and history insights for the largest insurance and financial institutions, released a report on remodeling trends following Hurricane Irma that could impact this year’s annual catastrophe reinsurance negotiations for Florida carriers. Following more than …
“I don’t know how to put this, but I’m kind of a big deal.” – Ron Burgundy, Anchorman: The Legend of Ron Burgundy Houses are getting older; the median age of a home in the U.S. is steadily increasing, with …
Relying on self-reported roof age to make underwriting and claims decisions has left carriers with unreliable data built into the claims process. As we covered in the first two research papers in this series, most homeowners do not know the …
Accurate Roof Age Is Hard, But So What? This paper sets out to quantify how much inaccurate roof age costs carriers—after all, if the cost of inaccurate roof age is low, then the value of accurate roof age is also …
Avoid these three traps to maximize the success of your roof risk strategy. From carriers to agents, inspectors to vendors, BuildFax conducted interviews with numerous insurance professionals to identify the number one trend in the roof risk problem ─ ACV. …
Everyone is talking about the roof risk problem. It is the hot topic among both insurance and reinsurance carriers, as well as vendors. BuildFax conducted interviews with industry experts ─ from the C-suite to actuaries, underwriters to adjusters, to inspectors …