With hail losses increasing in recent years, accurately assessing the property risk posed by hail has become crucial. Historically, this assessment relied heavily on general weather data, including storm frequency, seasonal patterns, and historical records of severe weather incidents. This approach lacks the specificity and accuracy needed for granular risk analysis at the property level. […]

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 […]

There has always been one undeniable truth about the real estate market: real estate properties are one of the most illiquid assets available. The liquidity of an individual property is observable by looking back at the number of days that a property was listed for sale before it was sold and the price at which […]