U.S. Roof Claims Costs Reached Over $30 Billion In 2024, Underscoring Evolving Risks
Verisk Analytics, Inc. (VRSK)
Last verisk analytics, inc. earnings: 2/18 04:30 pm
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Source: GlobeNewswire
JERSEY CITY, N.J., April 08, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today released its U.S. Roofing Realities Trend Report, which identifies trends and challenges in roof conditions. These are supported by insights from Verisk’s personal property solutions, which are used by many of the top P&C insurance carriers to gain a granular understanding of roof risk— which is among the costliest claim. In recent years, roofs have become one of the most critical structural components for residential property insurers assessing underwriting risk. As the insurance industry looks to enhance accuracy and promote fair premiums for insurers and policyholders, the following challenges persist: Peril severity and outdated practices are driving up costs In 2024, roof repair and replacement cost value totaled nearly $31 billion, up nearly 30 percent since 2022.Roof related line items made up more than a quarter of all residential cla
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VRSK
Earnings
- 10/29/25 - Beat
VRSK
Sec Filings
- 11/18/25 - Form 144
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- VRSK's page on the SEC website