Verisk Insurance Solutions – Underwriting announces twoenhancements to the commercial module of 360Value, its replacementcost estimation tool for property insurers. The module now includesan additional 2 million records of property-specific buildingcharacteristics and has added the ability to estimate replacementcosts for heavy commercial and industrial structures.

“Innovation is the driving force behind the growth of 360Value,”says Scott Amussen, vice president of property solutions at VeriskUnderwriting. “With our colleagues at Verisk, we introducedcommercial property prefill last year. We knew there was more tooffer and dedicated the necessary resources to ensure our clientshave access to as much data as possible.”

The additional 2 million commercial prefill records werecompiled from local tax jurisdictions across the country. 360Valuealready included site-verified building characteristics forapproximately 3.4 million commercial structures from ProMetrix.

In addition to expanding commercial prefill, 360Value nowprovides insurers the ability to estimate replacement costs forheavy commercial and industrial buildings. Examples of thesestructures include hospitals, museums, airport terminals, largemanufacturing plants, and other specialized and highly complexbuildings.