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September 26, 2008 Interim Price List Update for Hurricane Impacted Areas

OREM, 
Utah
 — Friday, September 26, 2008 — 

Xactware has now published an update to reported pricing in the hurricane impacted areas of the Southeast. This is an early release of the 4th quarter update which would normally have been published on October 1st, 2008.

Pricing Areas Published
Pricing information for areas in and around the following US cities have been published:

Mobile, AL New Orleans, LA College Station, TX
Alexandria, LA Greenville, MS Dallas / Ft. Worth, TX
Baton Rouge, LA Gulfport, MS Galveston, TX
Houma, LA Hattiesburg, MS Houston, TX
Lafayette, LA Jackson, MS The Woodlands, TX
Lake Charles, LA Bay City, TX Waco, TX
Monroe, LA Beaumont, TX  

 

 

 

 





A summary of the increases in this publication are as follows (Averaged from all areas published and listed above since the August 15th publication):

 
Building materials (most commonly used) 1.4%
25 yr composition roof shingles (material only) 4.5%
25 yr composition roof shingles (installed) 6%
Billable labor rates 4.2%

 

 

 

 

 

Xactware is continuing to monitor costs in each market and is prepared to continue publishing updated pricing information should the information reported to us show the need. Many areas which sustained the heaviest damage are still in the process of clean up and will be for some time.

It is important to remember that Xactware’s published pricing information is based upon recently completed surveys and estimate transactions. As prices can change rapidly in the aftermath of any storm, Xactware cannot guarantee that the prices within the published database will be adequate for any specific job. We strongly recommend that all customers monitor their local market for any such changes and adjust your estimate pricing as is appropriate. Please report any price changes to Xactware as soon as possible. We will in turn adjust any information we can independently verify for inclusion in future price list publications. Pricing feedback can be submitted from within Xactimate itself, and online at: https://www.xactanalysis.com/.

Additionally, in the potentially rapidly changing “post storm” markets, you may send emails on price changes to Xactware’s Pricing Team directly at pricing@xactware.com.

Gasoline prices continue to decline despite a slight increase directly after Ike
Nationally gasoline prices have dropped only $0.03 / gal since the last publication which occurred on August 15. While some areas of the US, particularly the Southeast and Midwest are seeing increases due to delays in the supply chain in the aftermath of Ike, prices are remaining stable at a national level for now. See the Dept of Energy website for details at: http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_history.html

Naming Convention for this interim update
As the reported prices for this publication are an early release of the fourth quarter publication, the databases referenced above will use the standard “8D” convention. This code represents the year (8) and the quarter (D = 4th quarter) respectively. Future updates from this point forward will use a specific date convention as needed.

To download a price list in Xactimate:
To use this method, you must be a registered XactNet user.

  • From the Control Center tab click Services in the menu bar, select Request Price List from XactNet, and then click Xactware Price List.
  • From the Request Price List window, enter the country, state/province, and city for the price list you would like to download. If you would like to receive the Zip/Postal code table that goes with the requested price list, then check this box as well.
  • After making your selections, click the Download Now button
  • A window appears advising you that the price lists have been downloaded and are now available to use in Xactimate. Click OK.
  • Note: if you are currently participating in an insurer program where you normally receive automatic price list updates, you will now receive this newly updated publication.

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.