California is on track to have one of worst wildfire seasons in its recorded history this year. This is no small measure considering 2017 was a record year for fires. Statewide wildfire claims in October and December of 2017 alone totaled almost 45,000 and represented $12 billion in losses, according to the state, making it... Read More
As a result of the hyperactive and catastrophic hurricane and wildfire seasons, the U.S. property and casualty market has seen notable rate hikes in 2018. Premium rates increased 2.5 percent in the second quarter alone, according to MarketScout. However, there is hesitation around whether consistent price hikes are a sustainable strategy in the long term,... Read More
Discussions around applying artificial intelligence and analytics to insurance were in full gear this week as carriers and industry pioneers, BuildFax included, gathered at Insurance AI and Analytics 2018. The event was focused on the ways in which insurance carriers can leverage analytics tools and insights to meet customer demands as well as their own... Read More
BuildFax’s very own Chris Schaum spoke on a panel last week at BattleFin, a conference that connects data providers to investment firms looking to incorporate alternative data into their research process. One major theme rang true at the conference: alternative data will continue to transform the hedge fund space in the next five years. Firms... Read More
Austin Business Journal recognized BuildFax, the leading provider of property history and condition insights, as one of Austin’s best places to work. The award highlights companies across the Central Texas region that have fostered a productive and enriching work environment built for employees to thrive. Every year, the Austin Business Journal surveys employees at local... Read More
The Atlantic is expected to produce 10 to 15 named storms in the six-month season that starts June 1, according to the National Oceanic and Atmospheric Administration (NOAA). Of the 10 to 15 storms, 5 to 9 could become hurricanes, reaching winds of 74 mph or higher. Just days before the official start to the... Read More
