LexisNexis Risk Solutions announced a strategic relationship with BuildFax to assist homeowners insurance companies with the challenges associated with insuring homes.
LexisNexis® Risk Solutions today announced a strategic relationship with BuildFax to assist homeowners insurance companies with the challenges associated with insuring homes. Through this relationship, insurers will be able to acquire much-needed building permit information to enhance their ability to identify, assess, select and manage risks that are consistent with carriers’ underwriting philosophies and risk appetites. With this new offering, insurers will also be able to address an emerging need for “age of roof” information to improve the profitability of their homeowners line of business.
About BuildFax: BuildFax is the creator of the first and only automated source for national, historical building permit data, providing details on property condition and improvements – such as major remodels, additions, and new roofs. The BuildFax national footprint continues to grow, currently covering over 72 million residential and commercial properties in the United States, with over 6 billion data points. For more information, visit www.buildfax.com.
Source: LexisNexis Press Release