US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021 August 29, 2024 The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for...
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...
Verisk’s PCS Classifies CrowdStrike Incident as a Cyber Catastrophe July 31, 2024 By Chad Hemenway Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe...
Hurricane Beryl Caused Estimated $2-3B in Insured Losses to US Property: Verisk July 19, 2024 Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion...
Analysis: Underwriting Loss Estimates Highlight Ongoing Challenges for US P/C Industry June 14, 2024 The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces...
How AI Can Reshape Claims Management May 30, 2024 By Allen Laman How can artificial intelligence change property and casualty insurance claim processing? Two industry experts answered that question from a few...
Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say May 13, 2024 By Gautam Naik The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller...
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...
Tech Update: Verisk Launches Next Generation Catastrophe Models April 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 Annual Profit Forecast Falls Short Amid Spending Uncertainty February 26, 2024 Verisk Analytics forecast 2024 adjusted profit below market estimates last Wednesday, as the broader data and analytics industry grapples with...