Verisk: US Reconstruction Costs Rose 5.2% From Last Year August 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...
NYC, Miami, Tampa, New Orleans Tops Among Storm-Surge Exposed Cities June 27, 2022 New York, Miami, Tampa, and New Orleans are the metro areas with the most single-family homes at risk of heavy...
Insurance Implications of Rising Building Costs June 14, 2021 By Joel Lehman, vice president, property underwriting at The Hanover Insurance Group, Inc. This post is part of a series sponsored by The Hanover Insurance Group. The rising cost of building materials is...
Kincade, Tick and Getty Fires Currently Threaten Nearly 1,000 Homes with a Reconstruction Cost Value of $535M October 31, 2019 By Tom Jeffery, Senior Hazard Scientist As of October 29, there were at least 18 fires burning in California, ranging in size from a few acres...
What Features Have the Biggest Impact on Reconstruction Costs? August 3, 2016 By Susan M. Williams Reconstruction cost, not market value or assessed value, is used by insurers to determine homeowner’s coverage limits and is an...
Insurance to Pay After North Dakota Senior Drives Through Fresh Cement August 14, 2014 A road construction company says it will have to redo 50 feet of concrete on a Fargo street after a...