Xactware in Orem, Utah, and AIR Worldwide Corp. in Boston announced today they had combined on a new software package for replacement cost estimating.
The companies said their property-valuation solution for insurers called 360Value combines the best features of Xactware's XactValue and AIR's ISO HomeValue replacement-cost estimators.
They said 360Value provides component-based replacement-cost estimates and a number of associated underwriting solutions for damaged residential, commercial and agricultural properties.
Both Xactware and AIR are units of Insurance Services Office, Jersey City, N.J.
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