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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

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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

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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

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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

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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

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Holly Tachovsky Recognized as 2019 Central Texas Woman of Influence

The Austin Business Journal (ABJ) has recognized our own Holly Tachovsky as a 2019 Profiles in Power & Women of Influence award winner. The award celebrates female leaders that are pushing Central Texas to a better future. This is the third consecutive year that Tachovsky was nominated. The 2019 Profiles in Power award highlights women

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Roof Maintenance Reaches New Highs in July, Driven by Severe Spring Weather

The July BuildFax Housing Health Report (BHHR) revealed that amidst repeat declines in new construction activity, the downward trend in maintenance activity is slowing. July in particular experienced a year-over-year uptick in maintenance. While one month of increasing maintenance activity is not a trend, this is a strong indicator of consumer confidence and may signify continued

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HousingWire Names Holly Tachovsky 2019 Woman of Influence

Our very own Holly Tachovsky has been named one of HousingWire’s 2019 Women of Influence. The award celebrates women who have demonstrated leadership and made an impact in the housing industry. Every year, HousingWire highlights thought leaders in the housing industry who pave the way for other women to follow. Award winners not only push

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Flood Repair Data Highlights Impacts of Spring Flooding and Opportunities for Carriers

Flooding may not manifest as severely as other natural disasters, but increasingly, for homeowners, the impact of flooding can pack quite the punch. In the U.S., between 1980 and 2018, flood losses have topped $123.5 billion, of which almost $48 billion is covered by the National Flood Insurance Program (NFIP). Over the past few years,

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National Construction Spend Increases as Volumes Continue to Slide

For almost seven months, the housing market has been slowing across new and existing construction activity, including new home building, large-scale remodels and general home maintenance projects. The June BuildFax Housing Health Report (BHHR) revealed, however, that even as demand for construction slows, spend is still rising, propelled by 2019 economic conditions. New and Existing

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