If you're an insurance auditor tasked with validating contractor classifications, spotting underreported risk, or catching fraud—building permit data can be your best-kept secret. Permits are public records filed before construction begins. They outline the scope of work, location, project value, contractor license, and more. When used correctly, this information can help … [Read more...]
Layering Permit Data with Hazard Maps for Smarter CAT Risk Forecasting
In the face of escalating natural disasters, insurance carriers are under immense pressure to refine their catastrophe (CAT) risk models. Traditional hazard maps provide a macro-level view of risk zones, but they often lack the granularity needed for precise underwriting. Enter building permit data—a dynamic resource that, when integrated with hazard maps, offers a more nuanced … [Read more...]