Location Hail Damage Score, a new product from Verisk Insurance Solutions - Underwriting, a unit of Verisk Analytics, is designed to improve an insurer's ability to underwrite properties with existing hail damage.
Developed in collaboration with Verisk Analytics unit Atmospheric and Environmental Research (AER) and powered by its AER Benchmark database, Location Hail Damage Score is designed to show the probability that a damage-producing hail event affected any property in the 48 contiguous states. Updated monthly, results also include date of last occurrence and the number of events affecting the property based on historical weather data, Verisk said.
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