All the headlines from our Verisk Analytics Topic Page, ordered by recency.
Oct 16 2024 // Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind.Verisk’s Extreme Event Solutions group said the range...
Oct 9 2024 // Catastrophe modeler Verisk predicted wind, storm surge and flooding from last month’s Hurricane Helene will cause insured losses of between $6 billion and $11 billion.The estimate does not include losses to the...
Oct 2 2024 // Insured industry losses from the flooding in the Czech Republic, Poland and Austria in September 2024 will range from €2 billion (US$2.2 billion) to €3 billion (US$3.4 billion), according to Verisk, the data analytics...
Aug 19 2024 // Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024.That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.6%),...
Jul 31 2024 // Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event.With the designation, PCS Global Cyber believes what has come to...
Jul 19 2024 // Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said.Beryl made landfall...
Jun 20 2024 // Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion) to €3.6 billion (US$3.9 billion), according to Verisk, the data analytics and...
May 2 2024 // Data analytics firm Verisk beat estimates for first-quarter profit on Wednesday, driven by strong demand for its products used by property and casualty (P&C) insurers to assess underwriting risks.WHY IT’S...
Apr 8 2024 // Verisk, the Jersey City, New Jersey-based data analytics and technology provider, has launched a suite of next generation catastrophe models.Verisk’s suite of 100+ Next Generation Models (NGM) is designed to help...
Feb 26 2024 // Verisk Analytics forecast 2024 adjusted profit below market estimates last Wednesday, as the broader data and analytics industry grapples with worries that an uncertain economy would potentially trigger spending cutbacks...
Jan 17 2024 // Guy Carpenter appointed Keith Wolfe to the newly created role of chief commercial officer, North America, effective immediately.Wolfe joins Guy Carpenter after 27 years with Swiss Re and its predecessor companies, where he...
Dec 8 2023 // Verisk, headquartered in Jersey City, N.J., named Rob Newbold president of Extreme Event Solutions. Current President Bill Churney will retire effective December 31.Newbold joined Verisk in 2002 as a risk consultant and...
Nov 15 2023 // Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5 billion and US$4.5 billion. On the other hand, Verisk puts insured losses at...
Nov 10 2023 // Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The...
Nov 9 2023 // Industry insured losses due to wind from Winter Storm Ciarán (also named Emir by the Free University of Berlin) will range between €800 million and €1.3 billion ($855.2 million and $1.4 billion), with the majority of...
Nov 1 2023 // Verisk Analytics beat market expectations for third-quarter revenue and profit on Wednesday, as more insurance companies used its products to assess risk.The data analytics company’s products cater to insurers across...
Oct 2 2023 // Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of much more than that every year, according...
Sep 11 2023 // Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according...
Sep 5 2023 // Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia.RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate...
Aug 10 2023 // Verisk Analytics Inc. (VRSK) on Wednesday reported second-quarter earnings of $196.9 million.The Jersey City, New Jersey-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs,...