The Value of COPE Data Collection: A Differentiated Risk Profile Could Mean Lower Rates
In 2024, the U.S. faced 11 separate billion-dollar weather and climate events, including nine severe storms and two winter storms. With each catastrophe and claim, the pressure on the insurance industry grows—and, unfortunately, so do insurance rates. The good news is: by taking control of your property data, you can better control your risk profile […]
USPAP Standards: What is a USPAP Appraisal?
If you’re looking for a property insurance appraisal, you may have heard that a USPAP appraisal is a highly- trusted way of collecting property valuation data for your annual Statement of Values (SOV). But what is a “USPAP appraisal” and how is it different from a standard appraisal? All About USPAP USPAP stands for the “Uniform Standards […]
The Property Insurance Data You Need for Water and Wastewater Treatment Plants
Water treatment plants and wastewater treatment plants might not be the first things that come to mind when you’re thinking about accurate property valuation data. But if your entity has one or both types of properties to include on its property insurance Statement of Values, you might just want to give that data a closer look. […]
How Software for Risk Management Can Solve 6 Big Property Risk Problems
Centurisk has been in the property risk management industry for a long time now. And one thing we’ve learned is that organizations face some very common, yet critical problems that only robust property risk management software can effectively solve. The six big customer issues that come up time after time include: 1. Inconsistent Property Values […]
How to Audit Property Data for Your Insurance Statement of Values (SOV)
It’s a moving target subject to economic factors, new purchases, development, replacement and sale, shifting requirements and, the most frustrating and unpredictable element of all: human error. What is it? Your property data, the information you gather yearly for your insurance Statement of Values (SOV). And by auditing your property data before you submit it, you […]
What are the Benefits of a Property Insurance Valuation?
Before the next hurricane season sweeps the U.S., it’s a great time for property risk managers to batten down the hatches on an important but sometimes overlooked method of reducing risk — getting an accurate on-site property insurance valuation. An accurate property valuation offers serious benefits to help you reduce your organization’s risk and recoup […]
How Vehicle Management Software Revs Up Your Property Program
Buildings… property-in-the-open… It’s a lot to track and manage for insurance purposes. But having the right data on your insurance Statement of Values (SOV) can make a big difference in the size of your insurance policy — and your ratings! But there’s another type of property that, for some organizations, can be equally important to […]
Risk Management Resources: Conferences, Websites, Social Media and Hot Topics
If you’re in risk management, you know that knowledge and planning is the key to better risk mitigation. Which is why we’ve pulled together this list of risk management resources, to connect you to the latest important industry information– and fast! Interact with other risk management experts, learn more about topics like catastrophe modeling, ISO […]
Risk Management in Holiday Movies
Pop the popcorn and heat the cocoa! As the holidays approach, it’s time to gather together and watch those movies that have become an integral part of many families’ end-of-year traditions. Of course, when you look at them from a risk management perspective, some of them take on a whole new light. So pull up […]
Property Risk Management for Winter Storm Damage
When winter weather ravages regions unaccustomed to the icy attentions of Jack Frost (like one perilous February in Texas) the effects can be devastating and linger well-after the winter fury itself has passed. We’re talking about winter weather-related property damage, and the National Oceanic and Environmental Administration (NOAA) indicates that between 1980 and 2020, winter […]