Latest Verisk Analytics Headlines
All the headlines from our Verisk Analytics Topic Page, ordered by recency.
Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk
Apr 10 2025 // Roof repair and replacement cost value totaled nearly $31 billion last year — up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that...
US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA
Apr 7 2025 // The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property...
Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastrophe Models
Apr 2 2025 // Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC). NRMC is a software-as-a-service platform that supports an open ecosystem where...
US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA
Mar 21 2025 // The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property...
Verisk: Catastrophe Claims in Q4 Double on Late Hurricane Activity
Mar 14 2025 // A significant rise in claims from hurricanes rather than winter storms was to blame for a 36% increase in total fourth quarter 2024 claims. A new report from Verisk Analytics found catastrophe claims more than doubled year...
Verisk Webinar Highlights Emerging Psychoactive Substance Risks
Mar 4 2025 // As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and litigation should insurance professionals keep an eye on? Last week, Verisk Analytics...
Rebuilding Costs Rose More Than 60% in the Last Decade: Verisk
Feb 21 2025 // Over the past decade, there’s been a dramatic increase in reconstruction costs, according to Trish Hopkinson, head of 360Value at Verisk. The 10-year analysis examined residential and commercial reconstruction costs...
Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B
Jan 22 2025 // New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion and $35 billion, which includes losses to the California FAIR Plan. The estimates out on...
Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California
Jan 2 2025 // Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be...
Cargo Theft Surges as Holiday Season Approaches, Verisk Says
Dec 23 2024 // Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and...
Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts
Dec 2 2024 // What emerging risks could electric vehicles present as they become more widespread? Experts at Verisk recently explored the current EV landscape and hypothesized what insurance concerns the vehicles could prompt in the...
Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk
Oct 16 2024 // Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk’s Extreme Event Solutions group said the range...
Verisk Says Helene’s Insured Losses Could Reach $11 Billion
Oct 9 2024 // Catastrophe modeler Verisk predicted wind, storm surge and flooding from last month’s Hurricane Helene will cause insured losses of between $6 billion and $11 billion. The estimate does not include losses to the...
Insured Losses from Central European Floods Range From US$2.2B to US$3.4B: Verisk
Oct 2 2024 // Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to Verisk, the data analytics...
Verisk: US Reconstruction Costs Rose 5.2% From Last Year
Aug 19 2024 // Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024. That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.6%),...
Verisk’s PCS Classifies CrowdStrike Incident as a Cyber Catastrophe
Jul 31 2024 // Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event. With the designation, PCS Global Cyber believes what has come to...
Hurricane Beryl Caused Estimated $2-3B in Insured Losses to US Property: Verisk
Jul 19 2024 // Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said. Beryl made landfall...
Southern Germany Floods to Cost Insurers $2.6 Billion-$3.9 Billion: Verisk
Jun 20 2024 // Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion) to €3.6 billion (US$3.9 billion), according to Verisk, the data analytics and...
Verisk’s First-Quarter Profit Beats on Insurance-Focused Analytics Demand
May 2 2024 // Data analytics firm Verisk beat estimates for first-quarter profit on Wednesday, driven by strong demand for its products used by property and casualty (P&C) insurers to assess underwriting risks. WHY IT’S...
Tech Update: Verisk Launches Next Generation Catastrophe Models
Apr 8 2024 // Verisk, the Jersey City, New Jersey-based data analytics and technology provider, has launched a suite of next generation catastrophe models. Verisk’s suite of 100+ Next Generation Models (NGM) is designed to help...
