VRSK

Definitive Healthcare Welcomes Scott Stephenson to Board of Directors

Retrieved on: 
Friday, September 8, 2023
Boston Consulting Group, Data set, VRSK, Software as a service, IPO, Stephenson, Verisk Analytics, University, Atlas, PEG, Intelligence, Scott, Gas, Spectrum Equity, Harvard Business School, PSE, NYSE, Management

FRAMINGHAM, Mass., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Definitive Healthcare Corp. (Nasdaq: DH ), an industry leader in healthcare commercial intelligence, today announced two changes to its Board of Directors.

Key Points: 
  • FRAMINGHAM, Mass., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Definitive Healthcare Corp. (Nasdaq: DH ), an industry leader in healthcare commercial intelligence, today announced two changes to its Board of Directors.
  • On September 6, 2023, Scott Stephenson, the former Chief Executive Officer of Verisk Analytics, joined the Board of Directors and the nominating and corporate governance committee of the Board, while Chris Mitchell, managing director of Spectrum Equity, stepped down from the Board of Directors.
  • “We are thrilled to welcome Scott Stephenson to the Definitive Healthcare Board of Directors,” said Jason Krantz, Executive Chairman of the Board and founder of Definitive Healthcare.
  • “I’m excited to join the Definitive Healthcare Board of Directors,” said Stephenson.

Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B, A New High According to Verisk Report

Retrieved on: 
Friday, September 8, 2023
Insurance, VRSK, AAL, Thunderstorm, Climate change, Earthquake, Risk, Cyclone, Weather, Churney, Property insurance, Verisk Analytics

Not only should the insurance industry be prepared to experience total insured losses from natural catastrophes well in excess of $100 billion every year, but annual losses greater than $200 billion are also plausible.

Key Points: 
  • Not only should the insurance industry be prepared to experience total insured losses from natural catastrophes well in excess of $100 billion every year, but annual losses greater than $200 billion are also plausible.
  • These values are up significantly over the decade, according to the 2023 Global Modeled Catastrophe Losses Report published by Verisk (Nasdaq: VRSK).
  • Economic losses could exceed $400 billion, highlighting a global protection gap
    Verisk has determined that the global insured losses only make up approximately a third of global economic losses.
  • According to the year’s report, Verisk estimates the global insured 1 percent, or 100-year loss is $370B.

Verisk Estimates Industry Insured Losses from Hurricane Idalia Will Range from USD 2.5 Billion to USD 4 Billion

Retrieved on: 
Monday, September 4, 2023
Storm, VRSK, Construction, Vandalism, Saffir–Simpson scale, City, International Code for Ships Operating in Polar Waters, Tree, Hurricane Ian, USD, EDT, Wind, Car, Hurricane Michael, Rain, Property insurance, Road, Dredging, Lumber, Risk management

BOSTON, Sept. 04, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from USD 2.5 billion to USD 4 billion.

Key Points: 
  • BOSTON, Sept. 04, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from USD 2.5 billion to USD 4 billion.
  • The industry loss estimate includes estimated wind damage and insured estimates of storm surge across Idalia’s track.
  • At around 7:45 a.m. EDT on August 30, Hurricane Idalia made landfall in Taylor County within Florida’s Big Bend region, near Keaton Beach, as a Category 3 hurricane.
  • A major hurricane similar to Idalia has not impacted this region for over 125 years, since the unnamed hurricane in 1896.

Verisk Modernizes System to Combat Insurance Fraud in Israel

Retrieved on: 
Tuesday, August 29, 2023
Insurance, Database, VRSK, Public, Transport, SIU, Ministry, Government, Cornell University, Interior, NIS, Data, Fraud, Public security, Pharmaceutical industry, Verisk Analytics

Jersey City, N.J., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Verisk announced the launch of its new ClaimSearch system in Israel.

Key Points: 
  • Jersey City, N.J., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Verisk announced the launch of its new ClaimSearch system in Israel.
  • Developed in collaboration with the Israel Insurance Association and with the backing of the government, this state-of-the-art, cloud-based system aims to revolutionize the fight against insurance fraud in the country with advanced analytics and data contributions from across the Israeli insurance industry.
  • Insurance fraud in Israel has been a significant concern, costing insurers hundreds of millions of New Israeli Shekels (NIS) annually and leading to higher premiums for policyholders.
  • Since 2006, Verisk has been operating a central industry claims database for compulsory insurance in Israel.

Planitar Inc. and Verisk Join Forces to Revolutionize Insurance Adjusters' Workflow with iGUIDE Instant Sketch

Retrieved on: 
Monday, August 28, 2023
Technology, Photography, Architecture, Audio, Video, Insurance, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Professional Services, Construction & Property, Software, Data Analytics, Hardware, Electronic Design Automation, VRSK, Abdalaati Iguider, Workflow, Property, BETA, Deep learning, Data collection, Multimedia, Optical flow, Interest, Documentation, Ecosystem, Risk management, Video game, Verisk Analytics

View the full release here: https://www.businesswire.com/news/home/20230828858271/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230828858271/en/
    Planitar Inc. and Verisk join forces to revolutionize insurance adjusters' workflow with iGUIDE Instant Sketch.
  • (Photo: Business Wire)
    Leveraging the market-leading technology of both providers, the collaboration introduces a groundbreaking solution, iGUIDE Instant Sketch .
  • iGUIDE Instant Sketch is designed to significantly improve the accuracy and speed of creating a comprehensive property loss documentation package.
  • "We are excited to announce our collaboration with Verisk to introduce iGUIDE Instant Sketch to the insurance industry.

Worldly Appoints Supply Chain and Risk Leaders Scott Stephenson and Colin Browne as New Board Members

Retrieved on: 
Thursday, August 24, 2023
Software, Other Retail, Professional Services, Data Management, Sustainability, Technology, Environment, Retail, Data Analytics, Transport, Environmental, Social and Governance (ESG), Logistics, Supply Chain Management, Acceleration, VRSK, Verisk Analytics, Stephenson, Risk management, Intelligence, Multimedia, NDAQ, UAA, VF Corporation, Asia Source, Acquisition, Growth, ESG, NYSE, Chair, Management

Joining Worldly’s Board of Directors are Mr. Scott Stephenson, former Chair and CEO of Verisk Analytics Inc. (NDAQ: VRSK), and Mr. Colin Browne, former Chief Operating Officer at Under Armour (NYSE: UAA).

Key Points: 
  • Joining Worldly’s Board of Directors are Mr. Scott Stephenson, former Chair and CEO of Verisk Analytics Inc. (NDAQ: VRSK), and Mr. Colin Browne, former Chief Operating Officer at Under Armour (NYSE: UAA).
  • Stephenson is renowned for his expertise in scaling risk management technology, and Browne is a 40-year veteran in brand management, supply chain and manufacturing.
  • View the full release here: https://www.businesswire.com/news/home/20230824921048/en/
    Scott Stephenson is renowned for his expertise in scaling risk management technology, and Colin Browne is a 40-year veteran in brand management, supply chain and manufacturing.
  • (Graphic: Business Wire)
    "We're excited to have Scott Stephenson and Colin Browne join the Worldly Board.

Verisk Reports Second-Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023
OCC, Insurance, VRSK, Financial services, Share repurchase, GAAP, Sale, EBITDA, 3E, CFO, Growth, EPS, Bank, Verisk Analytics

Net cash provided by operating activities was $192.9 million, up 48.2% and free cash flow, a non-GAAP measure, was $134.7 million, up 120.8% for the second quarter of 2023.

Key Points: 
  • Net cash provided by operating activities was $192.9 million, up 48.2% and free cash flow, a non-GAAP measure, was $134.7 million, up 120.8% for the second quarter of 2023.
  • We are increasing our financial guidance for 2023 given the strong performance to date.
  • JERSEY CITY, N.J., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced results for the second quarter ended June 30, 2023.
  • Elizabeth Mann, CFO, Verisk: "Verisk delivered continued strong operating momentum in the second quarter underscored by 9.8% OCC revenue growth and solid operating leverage, leading to 12.6% OCC adjusted EBITDA growth.

CPSI Names Mark V. Anquillare to Board of Directors

Retrieved on: 
Monday, July 31, 2023
Data Management, Health, Technology, Practice Management, Health Technology, Software, General Health, Rutgers Business School – Newark and New Brunswick, Insurance, VRSK, The Advisory Board Company, University, Verisk Analytics, Culture, Multimedia, History, Advisory board, Audit committee, Prudential Financial, Growth, Prudential, Notre Dame, Management

CPSI (NASDAQ: CPSI), a healthcare solutions company, today announced that Mark V. Anquillare has joined the CPSI Board of Directors as an independent director.

Key Points: 
  • CPSI (NASDAQ: CPSI), a healthcare solutions company, today announced that Mark V. Anquillare has joined the CPSI Board of Directors as an independent director.
  • In connection with his election to the Board, Anquillare was appointed to the Audit Committee of the Board.
  • View the full release here: https://www.businesswire.com/news/home/20230731194736/en/
    CPSI Names Mark V. Anquillare to Board of Directors (Photo: Business Wire)
    Anquillare brings over three decades of executive and corporate finance experience to CPSI, with a strong history as a visionary leader executing strategic and operational plans with favorable results.
  • Commenting on the announcement, Glenn Tobin, chairperson of the CPSI Board of Directors, stated, “We are pleased to have Mark Anquillare join the Company’s Board of Directors.

Verisk Names Samantha Vaughan Chief Privacy Officer

Retrieved on: 
Wednesday, July 12, 2023
Insurance, VRSK, Dell, Export Management and Compliance Program, Selective, Business, Privacy, Fordham University School of Law, AIG, Advisory board, Prudential Financial, Ethics, Dell Technologies, Wyndham Hotels & Resorts, Audit, Management

JERSEY CITY, N.J., July 12, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Samantha Vaughan has been named chief privacy officer, effective immediately.

Key Points: 
  • JERSEY CITY, N.J., July 12, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Samantha Vaughan has been named chief privacy officer, effective immediately.
  • “We’re excited to welcome Samantha to Verisk,” said Kathy Card Beckles, chief legal officer and corporate secretary, Verisk.
  • “Data privacy has always been core to Verisk and central to our work with the global insurance industry.
  • Prior to Dell, she was the senior vice president, Corporate Ethics & Compliance and chief privacy officer for Wyndham Hotels & Resorts.

Verisk to Announce Fiscal Second-Quarter 2023 Results on August 2, 2023

Retrieved on: 
Thursday, July 6, 2023
Webcast, VRSK, Conference, Verisk Analytics

JERSEY CITY, N.J., July 06, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal second quarter ended June 30, 2023, on Wednesday, August 2, 2023, before the market open.

Key Points: 
  • JERSEY CITY, N.J., July 06, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal second quarter ended June 30, 2023, on Wednesday, August 2, 2023, before the market open.
  • The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com .
  • Verisk’s management team will host a live audio webcast to discuss the financial results and business highlights on Wednesday, August 2, 2023 at 8:30 a.m.
  • All interested parties are invited to listen to the live event via webcast on the Verisk investor website at http://investor.verisk.com .