Joel Teemant

10/29/2024 - 2 min read

Quarterly reconstruction cost growth slows as lumber declines

Total reconstruction costs, including materials and retail labor, continue to increase nationwide.

8/12/2024 - 2 min read

Quarterly reconstruction cost growth accelerates

Total reconstruction costs, including materials and retail labor, continue to increase nationwide.

5/7/2024 - 2 min read

Quarterly reconstruction costs continue to stabilize

Verisk releases new quarterly reconstruction costs report for Q2 2024.

1/30/2024 - 2 min read

Quarterly reconstruction costs stabilize as inflation recedes

Verisk releases new quarterly reconstruction costs report for Q1 2024.

10/13/2023 - 3 min read

Mild reconstruction cost rise signals stabilizing market

Total reconstruction costs increased 5.1% from October 2022 to 2023. This uptick follows the 4.3% increase from July 2022 to July 2023.

8/15/2023 - 1 min read

Smarter and faster: Prefill data to help accelerate workflows

Current and curated data about a structure’s age, square footage, and use are the backbone of reliable reconstruction cost estimates (RCEs).

7/13/2023 - 3 min read

Quarterly reconstruction cost increases continue to steady

Total reconstruction costs increased 4.3% from July 2022 to July 2023. This uptick follows the 3.1% increase from April 2022 to April 2023.

5/4/2023 - 2 min read

What happens after catastrophes? Protection in a time of loss

Despite mitigation measures, natural hazards may still cause damage, and insurers need actionable data to guide underwriting and pricing.

4/12/2023 - 2 min read

Reconstruction cost dips signal increased market stabilization

Total reconstruction costs, including materials and labor, increased 3.1% from April 2022 to 2023. Costs continue to slow down and steady.

2/8/2023 - 1 min read

The claims connection: A key consideration for ITV alignment

The truest test of an ITV solution is how it performs with actual losses, which can yield critical data to validate and calibrate RCEs.

1/18/2023 - 2 min read

As increases slow, reconstruction costs show signs of stabilizing

Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.

10/31/2022 - 2 min read

Keeping pulse: Tracking the latest price surges to maintain ITV

Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.

10/19/2022 - 3 min read

Hurricane Ian and other pressures drive uptick in reconstruction costs

Total reconstruction costs, including materials and retail labor, increased by 9.3% from October 2021 to October 2022.

8/31/2022 - 3 min read

Stay ahead of volatile replacement costs to support insurance-to-value

Enhance ITV at bind and renewal with 360Value for Commercial Property, which includes monthly price updates based on localized claims.

7/15/2022 - 3 min read

Reconstruction cost rise slows—but from historic peaks

Verisk's 360Value Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 3 percent from July 2021 to July 2022.