verisk analytics News

Verisk Closes New Jersey Office Today Due to Electrical Problem

Insurance data firm Verisk Analytics Inc. said that it has closed its Jersey City, New Jersey, office today due to an electrical problem in the building. Customers are directed to call 1-800-888-4476 or send e-mail to info@verisk.com. Customer support is …

Antitrust Review Delays Verisk’s Purchase of EagleView

Verisk Analytics Inc., the supplier of data to insurers and banks, said its planned $650 million takeover of EagleView Technology Corp. has been delayed amid a review by antitrust regulators. The purchase agreement has been extended to Dec. 31, after …

ISO Comments on CGL Endorsements for Data Breach Liability Exclusions

As data breaches become more prevalent in the workplace, ISO, a member of the Verisk Insurance Solutions group at Verisk Analytics in Jersey City, N.J., has been taking steps to constrain commercial general liability policies based on ISO forms from …

Verisk to Sell Mortgage Data Arm Interthinx to First American for $155M

First American Financial Corp., the second-largest U.S. title insurer, agreed to buy Interthinx Inc. from Verisk Analytics Inc. for $155 million to add data that serves the mortgage industry. The sale will increase 2014 earnings and is expected to be …

Liberty Mutual Enhances Inland Marine Coverage, Partners with NER

Liberty Mutual Insurance has partnered with the National Equipment Register (NER) to provide its inland marine contractors’ equipment customers increased protection from equipment theft. The insurer is now offering an endorsement that waives the theft deductible up to $10,000 if …

Verisk Climate, WDT to Develop Weather-Related Analytics Products for Businesses

Verisk Climate, a  provider of enterprise climate risk management products, and Weather Decision Technologies (WDT), a weather industry technology provider, have formed a long-term alliance to develop new, more advanced analytics and products focused on the business impacts from weather …

Demand Surge Not An Issue For Sandy; Property Losses Near $19B

Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a price impact of 2 …

Study: Rating Errors Cause $15B Decrease in Revenue for Auto Insurers

Auto insurance companies are missing out on more than $15 billion of revenue because of policyholder misinformation, according to a new study of premium rating errors. Quality Planning, a member of the Verisk Insurance Solutions group at Verisk Analytics, says …