California has sweeping new rules for home insurance. What to know [Los Angeles Times (CA)]
Verisk Analytics, Inc. (VRSK)
Last verisk analytics, inc. earnings: 2/18 04:30 pm
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Source: Los Angeles Times
difficult to find insurers to cover their homes, typically a household's most valuable asset. Under the new rules, state insurers for the first time will be allowed to use so-called “catastrophe models” to help determine the cost of home insurance. The models, developed by firms such as Verisk Analytics and Moody's, are complex computer programs that aim to better determine the risk a structure faces from wildfires amid a changing climate. Here are five things to know about the models: How do these models work? The programs, first developed in the 1980s because of hurricane losses and increasingly applied to wildfires , typically run thousands of possible scenarios that allow insurers to determine their potential financial exposure in a disaster. The models are proprietary but take into account many factors, including meteorological conditions, an area's topography, the amount of brush and other nearby fuel and a community's building density. When setting individual home premi
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News
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- D.A. Davidson Acts as Exclusive Financial Advisor to Verisk on its Sale of AER to JANUS Research GroupBusiness Wire
- California issues landmark rules to improve home insurance market [Los Angeles Times (CA)]Los Angeles Times
- Verisk Analytics, Inc. (NASDAQ: VRSK) had its price target raised by analysts at Morgan Stanley from $283.00 to $300.00. They now have an "equal weight" rating on the stock.MarketBeat
- Will there be snow for the holidays? Map shows probability of a white Christmas [USA TODAY]USA TODAY
VRSK
Earnings
- 10/30/24 - Beat
VRSK
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 144
- 11/18/24 - Form 4
- VRSK's page on the SEC website