A thread woven throughout sessions and sidebars at DigIn 2019 was the idea that insurance innovation is in a period akin to halftime during a football game. Over the past few years, the industry has experienced a substantial ramp up. It’s no longer a question of whether accurate property data is relevant to a carrier’s business …
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More and more people moved out of typically high-demand states in favor of up-and-coming regions last year, according to the 2018 U.S. Migration Report by northAmerican Moving Services. This allows carriers a prime marketing opportunity to expand their book of business into new areas. The report found that last year, Illinois, California and New Jersey …
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For nearly a decade, BuildFax has been the leading source of property history and condition insights for some of the largest insurance companies in the country. Leveraging the nation’s largest database of building permits, construction data, and other publicly sourced information, BuildFax delivers detailed intelligence on roof, condition, maintenance history, and remodeling for more than …
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Hurricane season is right around the corner, and five to nine Atlantic hurricanes are in the forecast. There’s a great article from Facility Executive that we ran across recently, which outlines a few ways to reduce personal property losses and storm-related injuries. Business Interruption Exposure The first thing they bring up is reducing exposures …
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Policyholders forget to inform their carrier about a lot of property upgrades. But there’s one upgrade we’ve seen a massive uptick in over the last few years that you may not have thought of. Solar. This puts your policyholders at risk for being underinsured. Increased Exposure – Don’t Leave Your Policyholders Underinsured! These property …
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An underserved market BuildFax property data has been utilized by the largest insurance carriers for years to mitigate risk and drive underwriting decisions. Many smaller carriers have expressed interest in this type of data but often worry about costs and implementation time. BuildFax is proud to offer a new solution that removes those common barriers …
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BuildFax works with many of the nation’s largest carriers to help better price, underwrite, and market to specific risks. Our unparalleled property insight comes straight from the source – our massive database containing over 23 billion data points of building and remodeling records. This article explores the various lifecycle stages of roofs in Florida and …
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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!
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