LexisNexis® Risk Solutions today announced a strategic relationship with BuildFax to assist homeowners insurance companies with the challenges associated with insuring homes. Through this relationship, insurers will be able to acquire much-needed building permit information to enhance their ability to identify, assess, select and manage risks that are consistent with carriers’ underwriting philosophies and risk appetites. With this new offering, insurers will also be able to address an emerging need for “age of roof” information to improve the profitability of their homeowners line of business.
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