Articles from Verisk Analytics, Inc.

JERSEY CITY, N.J., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fourth quarter and fiscal year ended December 31, 2024, on Wednesday, February 26, 2025, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com.

CargoNet’s RouteScore API bolsters cargo security with advanced, data-driven risk scoring

This estimate includes losses due to fire and is inclusive of losses to the California Fair Plan

Newly-Announced Regulation from the California Department of Insurance Will Address Property Insurance Availability by Allowing Forward-Looking Catastrophe Models

BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Lockton Re, a leading global reinsurance broker, has announced a strategic collaboration with Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, to bring new (re)insurance products to the market. Lockton Re will use Verisk’s agricultural risk modeling solutions – including Verisk's Multiple Peril Crop Insurance (MPCI) and Crop Hail Model for the U.S. – to understand how climate change and meteorological factors are impacting crop production and potential insured losses. 

LOCATION® Property Protection Score™ (PPS) measures homeowners fire protection with deeper granularity and enhanced scoring criteria

JERSEY CITY, N.J., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced results for the third quarter ended September 30, 2024.

Verisk’s Statistical Service accelerator automates critical data extractions, designed to enhance insurers’ compliance processes

JERSEY CITY, N.J., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that its president and CEO, Lee Shavel, has been appointed to the Federal Advisory Committee on Insurance (FACI).

BOSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses to onshore property for Hurricane Milton will fall between USD 30 billion and USD 50 billion. This estimate includes losses due to wind, privately insured estimates of storm surge, and privately insured precipitation induced flood losses resulting from Milton’s landfall in Florida. The majority of the insured loss is attributable to wind.

JERSEY CITY, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal third quarter ended September 30, 2024, on Wednesday, October 30, 2024, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com.

BOSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses due to wind, storm surge and hurricane precipitation induced flood in the U.S. for Hurricane Helene will range between USD 6 billion to USD 11 billion. 

Verisk’s Whitespace connects global E&S and specialty insurance markets, driving efficiency, growth and real-time collaboration

BOSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses from the flooding in Czechia, Poland and Austria in September 2024 will range from EUR 2 billion (~USD 2.2 billion) to EUR 3 billion (~USD 3.4 billion).

Verisk’s Extreme Event Solutions business cites exposure growth, impacts from climate change and climate variability and an increasing frequency of catastrophe events as contributors to steady rise in anticipated costs

Verisk & APCIA report that capital gains helped fuel surplus recovery and offset industry losses, amidst inflation impacts and natural catastrophe events

The distinguished nonprofit learning center’s mission aligns with Verisk’s core values of learning and caring, reflecting the company’s longstanding commitment to innovation and research

Verisk & APCIA report that capital gains helped fuel surplus recovery and offset industry losses, amidst inflation impacts and natural catastrophe events

JERSEY CITY, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced results for the second quarter ended June 30, 2024.

LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Risk intelligence company Verisk Maplecroft (Nasdaq: VRSK) has today launched a new data solution assessing location-specific risks to the assets of over 50,000 publicly traded companies. It provides investors with one of the most comprehensive views available of corporate exposure to global climate, environmental, human rights and political risks.

BOSTON , July 19, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between USD 2 billion to USD 3 billion.

JERSEY CITY, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal second quarter ended June 30, 2024, on Wednesday, July 31, 2024, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com.

Verisk’s ISO Experience Index can help the insurance industry quickly assess changes in risk patterns and the cost of insuring risk

The data analytics and technology provider received accolades from Newsweek, Great Place to Work® and Latino Leaders

A relatively high proportion of the overall losses for this event are likely to be insured, owing to the high insurance take up for the flood peril

JERSEY CITY, N.J., June 05, 2024 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced the Reference Yield and Total Consideration, each as summarized in the table below and as defined in the Offer to Purchase dated May 21, 2024 (as amended or supplemented from time to time, the “Offer to Purchase”), to be paid in connection with the previously announced cash tender offer (the “Tender Offer”) for up to $400,000,000 aggregate principal amount (the “Maximum Amount”) of its 4.000% Senior Notes due 2025 (the “Notes”).

JERSEY CITY, N.J., June 05, 2024 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced the results as of 5:00 p.m., New York City time, on June 4, 2024 (the “Early Tender Date”) of its previously announced cash tender offer (the “Tender Offer”) for up to $400,000,000 aggregate principal amount (the “Maximum Amount”) of its 4.000% Senior Notes due 2025 (the “Notes”).

NER's IRONwatch is now powered by KYCS Locate, giving clients unprecedented benefits for theft recovery and security of assets

JERSEY CITY, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced the pricing of an offering of $600 million of 5.250% Senior Notes due 2034 (the “Notes”). The closing of the offering is expected to occur on June 5, 2024, subject to satisfaction of customary closing conditions.

JERSEY CITY, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced that it has commenced a cash tender offer (the “Tender Offer”) for up to $400,000,000 aggregate principal amount, as may be increased or decreased by the Company (the “Maximum Amount”), of its 4.000% Senior Notes due 2025 (“Notes”). The Company expects to fund the repurchase of notes accepted for payment in the Tender Offer with the proceeds from the issuance and sale of debt securities in a concurrent capital markets transaction.

• Consolidated revenues were $704 million, up 8.0%, and up 6.9% on an organic constant currency (OCC) basis for the first quarter of 2024.

JERSEY CITY, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal first quarter ended on Sunday, March 31, 2024, on Wednesday, May 1, 2024, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at https://investor.verisk.com.

New release provides insurers and reinsurers with tools to make informed decisions and mitigate potential losses effectively

JERSEY CITY, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Greg Hendrick has been appointed independent director of the company’s Board of Directors effective immediately. Hendrick brings more than three decades of extensive insurance and reinsurance leadership experience.

Platform integration designed to optimize processing time for claims resolutions

JERSEY CITY, N.J., March 11, 2024 (GLOBE NEWSWIRE) -- Verisk, (Nasdaq: VRSK), a leading global data analytics and technology provider, has announced the launch of two new accelerators, wcPrism® and wcNavigator®, designed to streamline and enhance workers' compensation claims processing within Guidewire ClaimCenter. These innovative solutions aim to accelerate claims processes in the insurance industry by leveraging advanced analytics and automation to improve efficiency and accuracy in claims management.

Anti-Fraud Ecosystem Expansion with New Verisk Partners FRISS and Globlue Technologies Will Strengthen the Insurance Industry in Fighting Fraud

JERSEY CITY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading global data analytics and technology provider, today announced results for the fourth quarter and fiscal year ended December 31, 2023.

JERSEY CITY, N.J., Feb. 13, 2024 (GLOBE NEWSWIRE) -- For the eighth consecutive year, leading global data analytics and technology provider Verisk (Nasdaq: VRSK) is Certified™ in the United States by Great Place to Work. The prestigious award is based entirely on what current employees say about their experience working at Verisk.

By quickly and accurately summarizing bodily injury claim information, Verisk’s Discovery Navigator is built to reduce settlement times, help insurers optimize resources, and improve profitability

JERSEY CITY, N.J., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal fourth quarter ended on Sunday, December 31, 2023, on Wednesday, February 21, 2024, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com.

JERSEY CITY, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Verisk, (Nasdaq: VRSK), a leading global data analytics and technology provider, announced MSP Navigator is the latest Verisk product to be made available on Duck Creek’s Content Exchange. MSP Navigator provides casualty insurers with an efficient solution for Section 111 reporting, and they can benefit from the advanced automated reporting and analytical capabilities of the platform, facilitating compliance and avoiding civil monetary penalties.

From accuracy to Generative AI and fraud, the insurance industry is at a pivotal point and leading claims experts will advise on Verisk’s development of industry-leading products and solutions

JERSEY CITY, N.J., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has published its first formal report prepared in accordance with the framework recommended by the Task Force on Climate-related Financial Disclosures (TCFD). While the company regularly discloses information on its climate strategy, the report incorporates analyses of physical risk, transition risk and carbon pricing for the first time.

Neil Spector to serve as strategic advisor, effective January 16

BOSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions business unit of Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured losses to properties from the January 1 M7.5 (per the United States Geological Survey) earthquake that struck near the Noto peninsula in Ishikawa prefecture, Japan, will be between JPY 260 billion (USD 1.8 billion) and JPY 480 billion (USD 3.3 billion).

Approved filings can help contribute to a more stable property insurance market in the state

IBD list recognizes companies with superior environmental, social and governance ratings and strong stock performance

Integration helps small business insurers bind new business in seconds

Fairness-as-a-service solution helps insurers address potential regulatory testing requirements

Annual risk reports aim to help the insurance industry navigate the changing regulatory environment

BOSTON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- The extreme event solutions business unit of Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses due to wind from Winter Storm Ciarán (also named Emir by the Free University of Berlin) will range between EUR 800 million and EUR 1.3 billion, the majority of which are expected in France.

JERSEY CITY, N.J., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, announced today that Citizens Property Insurance Corporation, a not-for-profit insurer in Florida, will adopt Verisk's Aerial Imagery Analytics solution to help provide a more comprehensive view of risks across the state.

Otis becomes strongest landfalling hurricane on record in this region and the fourth most intense in the nation’s history

JERSEY CITY, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced results for the third quarter ended September 30, 2023.

Innovative billing and data management tools developed to improve the commercial property claims process

Moving data forward in its independent agent ecosystem by leveraging a robust package of data and analytics from Verisk

LONDON, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has added a new Climate Risk Dataset to its growing suite of sustainability and resilience analytics to provide powerful, geospatial insight into one of the most pressing issues facing global business today. The Dataset, launched by its risk intelligence business Verisk Maplecroft, has been developed as an end-to-end solution for insurers, corporates, banks, and investors to identify exposures to current and future climate risks across global operations, supply chains and portfolios.

JERSEY CITY, N.J., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal third quarter ended September 30, 2023, on Wednesday, November 1, 2023, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com.

JERSEY CITY, N.J, Sept. 27, 2023 (GLOBE NEWSWIRE) --

Exposure growth and inflation continue to drive increasing losses

LONDON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- A new predictive strikes, riots, and civil commotion (SRCC) data model, providing forecasts for thousands of global locations on the potential for damaging civil unrest events to emerge, has been released by Verisk’s (Nasdaq: VRSK) risk intelligence business, Verisk Maplecroft.  

Most of the loss is attributable to wind damage

Digitization of insurance has led to rising consumer expectations for a simpler and faster claims experience

AXA selects Verisk’s Health Risk Rating Tool and Ratings Engine to assess substandard risks posed by pre-existing medical conditions

JERSEY CITY, N.J., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced results for the second quarter ended June 30, 2023.

JERSEY CITY, N.J., July 12, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Samantha Vaughan has been named chief privacy officer, effective immediately.

JERSEY CITY, N.J., July 06, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal second quarter ended June 30, 2023, on Wednesday, August 2, 2023, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com.

Jersey City, N.J. , June 22, 2023 (GLOBE NEWSWIRE) -- Verisk's FAST platform is once again recognized as the leading solution for life insurance and annuity providers by Information Services Group Inc. (ISG). The platform received top honors for the third year running, reflecting its superior capabilities, comprehensive features, and consistent performance.

New VIN Decode Solution Provides More than 50 Detailed Vehicle Attributes on Millions of Specialized Commercial Vehicles

Verisk’s new image fraud detection analytics, powered by artificial intelligence, enables insurers to quickly identify when and where photos of damages were taken, and if they’ve been used in previous claims, copied from websites or altered digitally

Younger generations are more tolerant of fraud and ‘envious’ of those who commit it

JERSEY CITY, N.J., June 01, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that company leaders will present at two upcoming investor conferences.

JERSEY CITY, N.J., June 01, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has been named one of America’s Climate Leaders by USA TODAY and Statista. The inaugural list recognizes the leading U.S. companies that have achieved the greatest reduction in emissions intensity between 2019 and 2021.

JERSEY CITY, N.J., May 03, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced results for the first quarter ended March 31, 2023.