Verisk Analytics Stock Price, News & Analysis

Verisk has announced an integration with HOVER that enables insurance carriers and policyholders to streamline property claims estimation. The HOVER app converts smartphone photos of properties into interactive 3D models with precise measurements. This data can be imported directly into Verisk's Xactimate, expediting the estimation of repair costs. The integration aims to improve efficiency for adjusters, allowing remote claim resolutions. A demonstration will occur on February 15-16 during Verisk Elevate 2022 in Salt Lake City, Utah.

Verisk (Nasdaq:VRSK) will announce its financial results for the fourth quarter ending December 31, 2021, on February 22, 2022, after the market closes. Investors can access the press release and financial details on the Verisk investor website. A live audio webcast discussing the financial results will take place the following day, February 23, 2022, at 8:30 a.m. EST. The replay will be available for 30 days. Verisk specializes in predictive analytics for various industries, with over 70% of the FORTUNE 100 leveraging its solutions.

Verisk (Nasdaq: VRSK) has entered an agreement to sell its 3E business to New Mountain Capital for up to $950 million. The transaction includes $630 million cash at closing, with additional earnouts based on 3E's performance in 2023 and 2024. 3E provides compliance solutions for industries managing regulatory compliance and environmental health. Verisk acquired 3E for $107 million in 2010. This sale is part of Verisk's strategy to optimize its portfolio and return proceeds to shareholders through buybacks, subject to closing conditions and regulatory approvals.

Verisk, a leading data analytics provider, has been recognized as a Great Place to Work for the sixth consecutive year, based on employee feedback. A survey indicated that 83% of employees feel it’s a great workplace, significantly higher than the 59% average in U.S. companies. Verisk emphasizes professional development, wellness programs, and volunteer initiatives, contributing to a positive workplace culture. Additionally, Verisk has received similar certifications in the UK, Spain, and India, highlighting its commitment to an inclusive and supportive work environment.

Verisk (NASDAQ: VRSK) has been certified as a Great Place to Work for the second consecutive year in the UK and Spain. This recognition is based on employee feedback regarding workplace culture, with 89% of employees feeling welcomed. The company emphasizes employee well-being through various wellness programs and encourages community involvement via Volunteer Week. Verisk continues to expand its certifications globally, affirming its commitment to a diverse and inclusive work environment.

Pioneer State Mutual Insurance Company is enhancing its property underwriting by utilizing Verisk's LOCATION suite, which provides detailed risk analytics for fire protection across Michigan. This integration leverages Verisk's Public Protection Classification program to assess the firefighting capabilities of local communities more accurately. The PPC data includes over 1,000 unique data elements, improving risk prediction up to nine times more than traditional methods. This digital transformation aims to better serve customers and strengthen Pioneer State Mutual's competitive market position.

Elena Belletti has been appointed as the Head of Carbon Research at Wood Mackenzie, a Verisk business (Nasdaq: VRSK), within its Energy Transition Practice. She joins from the United Nations, where she focused on sustainable development and carbon pricing. Based in Madrid, Belletti will lead a team to assist clients in mitigating carbon emissions and navigating carbon mechanisms. This expansion aligns with increasing client demand post-COP26 for insights into carbon markets and emissions reduction strategies.