Xactware , a wholly owned subsidiary of Insurance Services Office specializing in property insurance, remodeling, and restoration industries, recently released its 2006 Property Report, which highlights and analyzes industry trends from the past year.

According to a release by Xactware, the 2006 Property Report is designed to help professionals in claims, underwriting, mitigation, and other trades to better understand market pricing and its causes through statistics and analyses available only from Xactware . The 2006 Property Report features such information as:

Materials that increased or decreased in price and the impact these fluctuations had on claims costs.

The impact of rising fuel costs and which markets were affected the most.

Material and labor cost trends, including how the escalating cost of certain materials affected the claims industry as a whole.

Detailed reports and analyses, such as claims handling, material costs, labor costs and key material costs.

The 2006 Property Report also details other pertinent information relating to the property and insurance industries, including the effects of the 2005 storm season on the industry as a whole. Rebuilding efforts were in full swing in 2006, and many expect the impact of those storms to carry into 2007.

The release also stated that the rising costs of materials also had a major impact in 2006, as the Property Report details. Carpet, which typically experiences a 3 to 5 percent increase annually, rose over 22 percent nationally in 2006 alone, resulting in a significant impact on claims costs, as over 15 percent of all claims involved the replacement of carpet.

"The 2006 Property Report not only provides insights about what happened in the property industry in 2006, it also helps indicate what to expect in 2007," said Jim Loveland, Xactware president and CEO, in the release.

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Xactware Releases '06 Property Report

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