ISO News

Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches

Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management liability coverage available to a wider range of businesses. Coalition offers executive risks …

Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing

Insurance Services Office (ISO) has released to Big I’s Virtual University the upcoming Homeowners’ multi-state filing tentatively effective beginning in March 2022. Yes, 2022. Eleven years have passed since ISO’s last major multi-state filing, so this is major. Within this …

Verisk to Acquire Property Data Provider, BuildFax, in Austin

Verisk, which provides data analytics services to the insurance, energy and specialized markets, and financial services industries, has signed a definitive agreement to acquire BuildFax, an Austin, Texas-based provider of property condition and history data, from its shareholders. The majority …

ISO, Intterra, Western Fire Chiefs Partner to Better Understand Wildfire Risk

ISO and Intterra are partnering with the Western Fire Chiefs Association to explore new ways of analyzing and understanding wildfire risk. Intterra has worked with the WFCA for several years to develop the Fire Data Lab, a nonprofit organization dedicated …

New ISO Personal Property Product Targets Millennials, Empty Nesters

ISO, a Verisk business, has launched a new personal inland marine product designed to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long. The new Your Belongings …

ISO Grows Fire Hydrant Database by 700K

ISO said it has enhanced its Public Protection Classification (PPC) program with the inclusion of location data for an additional 700,000 U.S. fire hydrants, increasing the number of hydrants in the database to 9 million. Hydrant data is part of …

New ISO Program Targets Home Healthcare Insurance Market

ISO has launched a new home healthcare program that provides coverage and ratings for insurers covering the home healthcare market. ISO is a Verisk business. The aging population is one factor in the significant expansion of home healthcare in the …

One-Size Doesn’t Fit All in Today’s Evolving Homeowners Market

The homeowners insurance line, not often thought of as a bastion of change, is actually quietly evolving beyond the traditional “one-size-fits-all” business. Some of the puzzle pieces that make up homeowners insurance are changing shape and new pieces that address …

ISO Introduces Drone Coverage Options for Commercial Inland Marine Market

ISO has launched inland marine insurance forms for businesses using commercial drones to protect them from the costs potential crashes, including damage to the drones, their equipment, and their cargo. The new ISO forms offer underwriting tools to address commercial …

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 …