One of the first questions we usually get from insurance carriers is, “Do you have commercial property data?” The answer is yes! We have a ton of it. Here’s an infographic that breaks it all down. Check it out! Read More
A Couple of weeks ago we spoke with Sefton Patton about how the remodeling boom affects premium leakage. Check out our infographic on the topic! Read More
Commercial Remodeling is on the Rise Remodels in the US are booming – and the trend isn’t just amongst residential properties. Commercial remodeling across the country increased by 7% between December 2014 and December 2015, and has increased 26% since 2013. Especially when compared to commercial new... Read More
There’s been a massive boom in remodeling across the country over the last few years. Residential remodels have increased by 9% between December 2014 and December 2015. Since 2010, the number of homes undergoing work has increased by 40%. Those statistics are just the beginning of what BuildFax has to show for in terms of... Read More
Last week we recorded a webinar relevant to carriers in Florida – The Florida Roof Life Cycle: Insurance Eligibility, Wind Mit Credits, and Using Knowledge of New Roofs to Your Advantage. Check it out! This webinar explores the life cycle of roofs in Florida and the implications for insurers at different age intervals, including: Aging... Read More
BuildFax works with dozens of the largest insurance carriers by helping them harness our extremely valuable data set to understand property condition so they can more accurately assess risk. One of the primary areas we lend expertise in is assisting carriers with probable maximum loss (PML) calculations to secure more favorable reinsurance terms. We... Read More
