verisk analytics inc (VRSK) Key Developments
Verisk Analytics, Inc. Announces the Resignation of Perry F. Rotella as Chief Information Officer and Group Executive - Supply Chain Analytics
Aug 19 15
On August 19, 2015, Perry F. Rotella, Senior Vice President, Chief Information Officer and Group Executive - Supply Chain Analytics of Verisk Analytics, Inc. was reassigned within the Company to work on special projects and will no longer serve as Chief Information Officer and Group Executive - Supply Chain Analytics effective as of August 19, 2015.
Verisk Analytics Promotes Nick Daffan to Chief Information Officer
Aug 19 15
Verisk Analytics announced that Nick Daffan, chief information officer of its Argus business, has been promoted to chief information officer. Daffan will report to the company's group executive and chief financial officer, Mark Anquillare.
Verisk Insurance Solutions Introduces New Rating Tools and Coverage Options for Homeowners Roof Exposures
Aug 13 15
Verisk Insurance Solutions has introduced new rating tools and coverage options through its ISO business to help insurers: the quality and age of roof materials. The newly developed rating factors will assist insurers in pricing policies based on the age and type of roof material without changing the current replacement cost coverage provided for roofs under the base policies. The new coverage options include endorsements that can provide premium savings for policyholders while effectively managing the roof loss exposure for insurers. The new endorsements activate premium credits and limit loss settlements which may be triggered by coverage limitations: one when roof damage is caused by windstorm or hail and the other when the roof damage is cosmetic in nature.
Verisk Insurance Solutions Launches ISO ClaimSearch Mobile Application for Apple and Android Mobile Device Users
Aug 6 15
Verisk Insurance Solutions has announced that it has launched an ISO ClaimSearch mobile application for Apple and Android mobile device users. The app is intended to allow participating insurers to submit reports on insurance claims. The reports are stored on the ISO ClaimSearch database and will provide insurers with access to data and analytics to help them prevent fraud, Verisk said in a statement. The new app is currently available on iTunes and Google Play.
Verisk Insurance Solutions Reaches Long-Term Agreements with Range of U.S. Aerial Imagery and Data-Capturing Firms to Accelerate the Collection of High-Quality Imagery and Data for Property InsightTM
Aug 4 15
Verisk Insurance Solutions announced it has reached long-term agreements with a range of U.S. aerial imagery and data-capturing firms to accelerate the collection of high-quality imagery and data for Property InSightTM. By ramping up the collection of imagery and data, Verisk Insurance Solutions and its Xactware business are ensuring robust geographic coverage with high-quality imagery and data captured specifically for the needs of the property insurance industry and other building professionals. Xactware uses proprietary algorithms to process the high-quality imagery and data to provide property professionals with detailed information about the exterior of a structure, including roof and exterior plans with all dimensions; 3D property models; hazards, property conditions, and analysis of building materials; a landscaping plan; plans and information for windows, doors, decks, swimming pools, and outbuildings; high-resolution aerial images; and much more. Property InSight can be used by all types of building professionals for a wide range of purposes, including remote exterior building inspections and risk assessment; creating reconstruction estimates after a damaging event; determining the squares of roofing for roof replacement; and much more, including information used to estimate siding, rain gutters and downspouts, soffit and fascia, awnings, and so on. Property InSight helps significantly reduce the time property professionals typically spend at a site measuring, determining quantities, and assessing the types of materials used. This latest initiative is the most recent step in ongoing efforts to extend Verisk's leadership in multispectral, multitiered imagery solutions to serve the needs of property professionals, and it builds on the addition of world-renowned geospatial experts from AMS Geomatics to the Verisk Insurance Solutions geospatial team earlier this year. Property InSight data can be requested through the Xactimate(R) claims-estimating solution, the XactAnalysis(R) claims management network, or the 360Value(R) insurance-to-value underwriting solution.