Hailstorms, notorious for wreaking havoc on the built environment, are causing a growing amount of damage and insured losses each year. With hail claims accounting for a significant proportion of thunderstorm-related losses, insurance carriers are struggling to grapple with this increasingly costly challenge. In this post, we’ll delve deeper into the alarming statistics surrounding hail […]

Obtaining accurate living area measurements is a crucial aspect of the property insurance industry. Insurance carriers use living area measurements to calculate the replacement cost of a property in the event of damage or loss and to suggest coverage levels to the insured. It is essential to verify that the living area measurement is accurate […]

With an average of up to $14 billion a year in annual hail-related losses and the increasing intensity of hailstorms due to climate change, insurance carriers have started to view hail as a genuine threat to profitability. Higher, more clustered spikes in claim volume (averaging roughly 500,000 in number each year) and declining skilled adjuster […]

CAPE Analytics has taken a unique and effective approach to working side-by-side with clients at every stage of their data journey. Kevin Van Leer, Sr. Director of Client Success, walks through how an organization-wide shift in thinking, from product development to regulatory affairs, has helped clients realize more value. Q: CAPE made the switch from […]

The fact is as simple as it is perplexing: if someone owns a home in the U.S., odds are that their property is underinsured. In a staggering statistic, approximately 2 out of every 3 homes in the U.S. are underinsured. On average these homes are underinsured by 22%, but some homes can see underinsurance amounts […]