Property Risk Management Reporting: The Reports that Help Reduce Risk

2020-06-23T11:06:35-04:00Tags: , , , , , |

An effective Property Risk Management System is about more than the property appraisal data that you pour into it. (Though collecting property data is still a critical part of the process.) It’s also about the robust level of information you can get out of your system. The ideal property risk management system should help [...]

Convective Storm Modeling: The Difference is in the Details

2020-06-23T11:06:49-04:00Tags: , , , , , |

You’re likely already familiar with catastrophe (CAT) modeling, a method of determining risk exposure in hurricane- or earthquake-prone regions. But look out your window right now. Do you spy dark gray rainclouds on the horizon? If so, you might just be looking at a convective storm, and this common weather pattern is changing the [...]

Property Valuation for Insurance | 3 Scenarios to Avoid

2021-04-27T10:27:21-04:00Tags: , , |

Addressing 100% of the buildings and structures listed on a statement of values (SOV) with property insurance valuations can seem like a daunting task. One rule of thumb, sometimes used to make the task more manageable, is to set a threshold. Then, everything currently valued above the threshold will be appraised while everything below [...]

Secure Proper Insurance Coverage at the Best Rates: 3 Ways an Accurate Statement of Values Can Help

2018-08-08T11:05:56-04:00Tags: , , , , |

A statement of values (SOV) is a declaration to insurance providers of which properties your entity intends to insure. At a minimum, an SOV generally includes a name, address, square footage, occupancy, and replacement cost for each property listed. For risk management professionals concerned about property risk exposures, an up-to-date, accurate SOV is critical. [...]