Xactware Releases 2007 Property Report

 — March 7, 2008 — 

2007 was one of the lightest years in the past decade for natural disasters but it was not light on drama according to Xactware's recently released 2007 Property Report. Fluctuating materials prices, rising fuel costs, and a crisis in the mortgage market all had an impact on reconstruction activity and costs in 2007.

"Xactware's Property Reports have proven to be an excellent resource for identifying important trends in the property insurance industry," said Xactware's President and CEO, Jim Loveland. "They also show the value of current, accurate information in today's fast-paced business environment."

Some of the key information found in the property report includes:

  • The impact of stabilizing or falling prices for key materials.
  • A close-up look at the influence of rising fuel costs on the price of composition shingles.
  • The volume of claims reported to Xactware by month.
  • The average claim value by type of loss.
  • A discussion on the rising importance of green building materials.
  • How costs increased for reconstruction, state by state.

The 2007 Property Report uses information from Xactware's claim assignment network, and its real-time analytical tool XactAnalysis. XactAnalysis allows Xactware to report and measure key indicators as well as the impact pricing changes have on material, labor, and other building costs.

"A major change in the price of even one key material can have a significant impact on reconstructions costs," said Mike Fulton, Xactware's General Manager of Pricing Data Services. "For the past several years Xactware's Property Report has documented the impact of those changes and provided critical information for property insurance professionals."

"For more information or to order the 2007 Property Report, click here or contact the Xactware sales team at 1-800-424-9228 (XACT) from 7 a.m. to 5 p.m. Mountain Time, Monday through Friday.

About Xactware
Xactware Solutions, Inc. ("Xactware") is a wholly owned subsidiary of ISO specializing in the property insurance, remodeling and restoration industries. Xactware's technology tools include software estimating programs for PCs and tablet PCs, as well as powerful online systems for replacement-cost calculations, estimate tracking and data trending in real time.

For more information about Xactware's products and services, contact Xactware at 1-800-424-9228 or contact us online.

About ISO
A leading source of information about risk, ISO provides data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. Using advanced technologies to collect, analyze, develop, and deliver information, ISO helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets. For more information, visit www.iso.com.