Verisk News

Honda App Links Feedback on Drivers to Insurance Carriers via Verisk

Honda Motor Co. is offering an app that scores the safety of car owners’ driving habits and links with insurance carriers that can offer discounts to drivers who are deemed a good risk. The Driver Feedback app is available to …

Losses From Civil Protests May Cause Insurers to Rethink Property Coverage

The civil disturbance that started in Minneapolis after the killing by police of George Floyd spread to 20 other states, leading to an unprecedented property insurance catastrophe. The experience will likely impact policy renewals and could even persuade some insurers …

AIR Worldwide Estimates Global COVID-19 Deaths Could Reach 644,000 During June

The number of COVID-19 cases globally over the next four weeks may reach 50 million total cases, with 644,000 estimated deaths, according to estimates provided by Verisk’s catastrophe modeling unit, AIR Worldwide, on May 20. As of May 19, 2020, …

Verisk Expands Insurtech Solution OneXperience into Commercial Insurance

Insurance data analytics and risk modeling firm Verisk announced the expansion of its new insurtech solution OneXperience into commercial insurance. This expansion will enable agents and businesses to engage and closely collaborate with insurers by sharing video surveys of commercial …

Risk Modeling Firm Verisk Cancels Live Event Over Virus, Goes Virtual for Cyber Seminar

Insurance data analytics and risk modeling firm Verisk has converted its Cyber and Casualty Seminar scheduled for March 10 in New York City from an in-person to a free virtual event “out of an abundance of caution over the global …

Verisk Signs Agreement to Acquire New Jersey’s FAST

Verisk, a Jersey City, N.J.-headquartered data analytics provider, has signed a definitive agreement to acquire FAST, a privately held software company for the life insurance and annuity industry based in Iselin, N.J. FAST offers a flexible policy administration system that …

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 …

Consortium Seeks Data on Issues, Opportunities for Women in Insurance

There is an effort underway to develop a better understanding of issues and opportunities for women in the insurance industry. The Million Women Mentors’ Women in Insurance Consortium (WII) will be spearheading what is being billed as a first-of-its-kind project, …

Verisk Reorganizes Geomni Business to Enhance UK and Europe Solutions

Verisk’s GeoInformation Group, a provider of geospatial products, has been folded into Verisk’s Geomni business and renamed Geomni UK. The addition of Geomni UK to Verisk’s Geomni business will enhance its offering for customers in the UK and Europe, said …

Verisk Launches Black Box 3 Solution to Enhance Medical Underwriting

Verisk, the Jersey City, N.J.- based data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, which helps insurers make underwriting decisions for risks posed by travelers with preexisting …