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Amidst Economic Uncertainty, Housing Activity Rises Notably in September

The September BuildFax Housing Health Report (BHHR) revealed a notable increase in new and existing housing construction after almost a full year of slowing housing activity. This month, single-family housing authorizations rose month over month to recent highs. Meanwhile, maintenance volumes made significant ground, in comparison to the more gradual increases this category experienced in... Read More

Verisk has Completed the Acquisition of BuildFax

Verisk, a leading data analytics provider, announced that is has acquired BuildFax from its shareholders. As BuildFax looks help customers navigate the changing property landscape, we are proud to be joining Verisk, a leading data analytics provider, as part of their ISO division. We anticipate building stronger, more impactful services to help businesses minimize risk... Read More

Property Risk in North Carolina Rises Following Successive Severe Weather Events

September marks the one-year anniversary of Hurricane Florence. Hurricanes and other natural disasters, especially over the past few years, have had a substantial impact on the health of the U.S. housing stock. Natural disasters can tighten the labor construction and materials markets, impact the underlying risk of residential and commercial structures and drive heightened maintenance... Read More

Innovation Is Strengthening the Property/Casualty Insurance Value Chain

As property/casualty insurers invest more and more in company-wide innovation, they will ultimately glean greater insight into not only best practices, but also lessons learned that truly move the needle. This was a central discussion topic at InsureTech Connect 2019, which attracts the largest gathering of insurance leaders to discuss change and growth in the... Read More

U.S. Property Risk Improves as Housing Market Continues to Slump

The August BuildFax Housing Health Report (BHHR) revealed a gradual improvement in property maintenance across the U.S. housing stock. After six months of declining activity, maintenance activity and spend have now risen for two consecutive months. Maintenance is not only a strong indicator of consumer confidence, but it also provides insight into the health of the residential... Read More

Carriers Prioritize a Positive Customer Experience as Florida Braces for Hurricane Dorian

Hurricane Dorian is expected to make landfall in Florida as a Category 4 storm over Labor Day weekend. This will be the fourth consecutive year that Florida experiences a major hurricane, following Hurricane Michael (2018), Hurricane Irma (2017) and Hurricane Matthew (2016). As the storm nears Florida’s east coast, the insurance industry is focused on... Read More
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