Verisk AnalyticsNASDAQ: VRSK

BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Lockton Re, a top global reinsurance broker, has partnered with Verisk (Nasdaq: VRSK), a prominent data analytics and technology company, to introduce new (re)insurance products. Lockton Re will utilize Verisk's agricultural risk modeling tools, such as the Multiple Peril Crop Insurance (MPCI) and Crop Hail Model for the U.S., to analyze the effects of climate change and weather conditions on crop yields and possible insured losses.

VRSK's revenue is boosted by higher earnings from the Underwriting and Rating, as well as the Claims segments in the third quarter of 2024.

Verisk Analytics, Inc. (NASDAQ:VRSK) will hold its Q3 2024 earnings conference call on October 30, 2024, at 8:30 AM ET. The call will feature key company representatives, including Stacey Brodbar, Lee Shavel, and Elizabeth Mann. Analysts from various financial institutions will also participate in the discussion.

Verisk Analytics (VRSK) reported quarterly earnings of $1.67 per share, which is higher than the Zacks Consensus Estimate of $1.60 per share. This is an increase compared to earnings of $1.52 per share from the same period last year.

It is anticipated that VRSK's strong subscription income will boost its revenue in the third quarter of 2024.

Verisk's Statistical Service accelerator streamlines important data extractions to improve the compliance procedures for insurers. This automation helps make the process more efficient. Overall, it aims to support insurers in meeting their regulatory requirements.

JERSEY CITY, N.J., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a top global provider of data analytics and technology, has announced that its president and CEO, Lee Shavel, has been selected to join the Federal Advisory Committee on Insurance (FACI).

Verisk Analytics Inc. announced on Wednesday that it predicts the insured losses for onshore property due to Hurricane Milton could be between $30 billion and $50 billion.

BOSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions team at Verisk (Nasdaq: VRSK), a top global data analytics and technology company, predicts that the insured losses for onshore property from Hurricane Milton will be between USD 30 billion and USD 50 billion. This figure accounts for losses from wind, privately insured storm surge, and flood damage caused by rainfall after Milton hit Florida. Most of the insured losses are expected to come from wind damage.