Skip to main content

Verisk Analytics Inc (VRSK-Q) Quote - Press Release

Unchecking box will stop auto data updates
Cboe BZX Real-Time Last Sale USD
Today's Change
Volume
Price Quote as of

More stories below advertisement

Verisk Partners with the International Association of Fire Chiefs to Identify Communities Actively Participating in Recognized Wildfire Mitigation Initiatives

GlobeNewswire - Tue Dec 17, 9:00AM CST

Verisk (Nasdaq:VRSK), a leading data analytics provider, is partnering with the International Association of Fire Chiefs (IAFC) to help insurers identify properties that are located in communities taking action to mitigate wildfire risk.

Verisk can now provide insurers with greater insight into mitigation efforts by indicating if a property is part of a community participating in the Ready, Set, Go! (RSG) Program administered by the IAFC. RSG works with local fire departments and community organizations in wildland and wildland-urban interface areas to fight wildfire hazard with risk mitigation measures.

"I'm truly excited about this new partnership with Verisk and the ongoing efforts to mitigate the wildfire problem," said Fire Chief Gary Ludwig, IAFC president and chairman of the board. "This partnership will amplify the crucial importance of proactive mitigation efforts with insurers and open lines of communication between local fire departments and the communities they serve to better protect life and property in the event of a wildland fire."

"Verisk supports coordinated research and education to potentially reduce the scope and severity of wildfire losses," said Dr. Arindam Samanta, director of product management and innovation at Verisk. "As part of this commitment, we're partnering with the IAFC through the RSG! Program to help insurers better understand the protective measures communities are taking toward wildfire mitigation at the property level."

This collaboration represents another step in Verisk's efforts to help carriers manage wildfire risk. The new data is now available upon request to customers of FireLine, Verisk's wildfire risk management tool. This first-of-its-kind feature provides address-specific data indicating whether the address is within a community that actively participates in the RSG! Program by implementing wildfire risk reduction actions.

About Verisk

Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets.

Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor's S&P 500 Index. In 2018, Forbes magazine named Verisk to its World's Best Employers list. For more information, please visit www.verisk.com.

About IAFC and the RSG! Program

Since 1873, the International Association of Fire Chiefs (IAFC) has served as a channel for fire and emergency service expert leaders to collaborate on mitigation efforts. IAFC members are the world's leading experts in firefighting, emergency medical services, terrorism response, hazardous materials spills, wildfire and natural disasters, search and rescue, and public safety policy. Launched in 2011, the Ready, Set, Go! (RSG) Program is managed by the IAFC to improve collective communication between communities and fire departments on how best to prepare residents and properties in the event of a wildfire. Find out more about the IAFC at www.iafc.org and RSG at www.wildlandfirersg.org.

Contact:

Brett Garrison
Edelman (for Verisk)
917-639-4903
Brett.Garrison@edelman.com

https://ml.globenewswire.com/media/b5d7b791-2d4f-4f5f-b469-18d25906d035/small/logo-png.png

More stories below advertisement

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2020.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies