We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Verisk's (VRSK) ISO Announces Launch of Homeowners Program
Read MoreHide Full Article
Verisk Analytics, Inc.’s (VRSK - Free Report) subsidiary Insurance Services Office (“ISO”) announced yesterday that it has launched an optional endorsement aimed at covering costs that are usually not covered by standard homeowners’ policies.
Known as ISO Homeowners Program, it covers damages to underground utility lines including wires, pipes and certain buried equipment. Along with covering direct costs, it provides coverage for loss of rental income and for additional living expenses while a property is inhabitable. ISO stated that it has started the state-by-state filing process in June.
“Our new endorsement is the kind of value-added enhancement that many consumers are looking for in today’s competitive homeowners’ market and that our insurer customers can now offer,” said Doug Caccese, president of ISO Personal Lines.
The move is expected to benefit Verisk’s insurance segment that serves property and casualty insurance customers through prediction of loss, selection and pricing of risk and compliance with reporting requirements. The segment performed well in the first quarter of 2020 with revenues of $344.1 million increasing 12.5% year over year.
Notably, Verisk’s shares have gained 17.4% year to date, outperforming the 14.8% rally of the industry it belongs to and 0.3% growth of the Zacks S&P 500 composite.
The long-term expected earnings per share (three to five years) growth rate for DocuSign, Pluralsight and SailPoint are 31.2%, 28.6% and 15% respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Verisk's (VRSK) ISO Announces Launch of Homeowners Program
Verisk Analytics, Inc.’s (VRSK - Free Report) subsidiary Insurance Services Office (“ISO”) announced yesterday that it has launched an optional endorsement aimed at covering costs that are usually not covered by standard homeowners’ policies.
Known as ISO Homeowners Program, it covers damages to underground utility lines including wires, pipes and certain buried equipment. Along with covering direct costs, it provides coverage for loss of rental income and for additional living expenses while a property is inhabitable. ISO stated that it has started the state-by-state filing process in June.
“Our new endorsement is the kind of value-added enhancement that many consumers are looking for in today’s competitive homeowners’ market and that our insurer customers can now offer,” said Doug Caccese, president of ISO Personal Lines.
The move is expected to benefit Verisk’s insurance segment that serves property and casualty insurance customers through prediction of loss, selection and pricing of risk and compliance with reporting requirements. The segment performed well in the first quarter of 2020 with revenues of $344.1 million increasing 12.5% year over year.
Notably, Verisk’s shares have gained 17.4% year to date, outperforming the 14.8% rally of the industry it belongs to and 0.3% growth of the Zacks S&P 500 composite.
Zacks Rank and Stocks to Consider
Verisk currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Business Services sector are DocuSign (DOCU - Free Report) , Pluralsight and SailPoint Technologies , each carring a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected earnings per share (three to five years) growth rate for DocuSign, Pluralsight and SailPoint are 31.2%, 28.6% and 15% respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>