verisk analytics News

P/C Insurer Results: Profit Inched Up in First 9 Months of 2015

Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus …

ISO Launches Management and Professional Liability Unit

ISO has launched a management and professional liability unit. The unit will spearhead new and revised coverage options as well as actuarial and analytics products for business and corporate risks. Joining ISO to lead the effort are Stephen Whelan, Michael …

Surging Verisk Analytics Added to S&P 500

Verisk Analytics Inc., the provider of data to insurers and banks, was named to join the Standard & Poor’s 500 Index after the company’s market value passed $12 billion on a share rally and expansion through acquisitions. Verisk will replace …

Verisk Expands Wildfire Risk Service to 3 More States

Verisk Insurance Solutions has added Montana, Oklahoma and Wyoming to its FireLine wildfire risk management service. FireLine provides information to insurers to analyze wildfire risk at the individual address level. FireLine uses satellite data to assess the effects of the …

Verisk Analytics to Buy UK’s Wood Mackenzie in $1.937 Billion Deal – Source

Verisk Analytics Inc. has agreed to acquire British analytics firm Wood Mackenzie for more than €1.8 billion ($1.937 billion), according to a source familiar with the matter. Wood Mackenzie, a private research consultancy owned by buyout firm Hellman & Friedman …

India’s Cyclone Hudhud May Have $400 Million Price Tag

Cyclone Hudhud, which hit India’s east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power supply systems and more than 40,000 homes, the Boston-based modeler said today …

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 …