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Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California

Jan 2 2025 // Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara.The reform allows catastrophe models to be...

Cargo Theft Surges as Holiday Season Approaches, Verisk Says

Dec 23 2024 // Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays.A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and...

Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts

Dec 2 2024 // What emerging risks could electric vehicles present as they become more widespread?Experts at Verisk recently explored the current EV landscape and hypothesized what insurance concerns the vehicles could prompt in the...

Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk

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...

Verisk Says Helene’s Insured Losses Could Reach $11 Billion

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...

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