Verisk News

A Bird’s Eye View of Visual Underwriting

How the Initial Inspection Can Improve Claims Results and an Insurer’s Bottom Line The last 20 years have been difficult for homeowner property insurance writers. Since 1993, they have experienced only four profitable year’s industry wide, according to A.M. Best …

Nearly 5M Homes Endangered by Wildfires

More than 4.5 million U.S. households are at high or extreme risk from wildfire, according to new analysis by Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytic. The analysis identified the number and percentage of properties at risk …

Chubb Offers Tracking Service to Thwart Contractors’ Equipment Theft

“Contractors’ equipment is more than twice as likely to be stolen than damaged or lost due to vandalism, fire, collision or weather-related events,” said Bob Opitz, vice president and worldwide inland marine manager for the Chubb Group of Insurance Companies. …

Verisk Announces New Hail Damage Score for Underwriters

Verisk Insurance Solutions – Underwriting, a unit of Verisk, announced LOCATION Hail Damage Score. The new product improves an insurer’s ability to underwrite properties with existing hail damage. LOCATION Hail Damage Score is developed in collaboration with Verisk Analytics unit …

ISO Expands Commercial Property Classifications to Include Eco-Friendly Alternatives

ISO, a member of the Verisk Insurance Solutions group at Verisk Analytic, announced new classifications to its commercial property program to account for the emergence of alternative energy sources. In response to the growing demand for alternative energy, ISO is …