Verisk Report: US Residential Roof Replacement Costs Jump 33% in 2025 Amid Rising Hail Risk
Summary
Verisk released its 2026 U.S. Roof Report, revealing that average residential roof replacement costs surged 33% and repair costs climbed 25% in 2025 compared to the prior four-year average. This increase is attributed to hail volatility and aging roofs, despite a decline in overall claims volume. The report underscores the growing complexity and cost of property risk for insurers, highlighting the ongoing demand for Verisk's data, analytics, and risk assessment solutions.
At the time of this announcement, VRSK was trading at $170.03 on NASDAQ in the Finance sector, with a market capitalization of approximately $22.3B. The 52-week trading range was $155.94 to $322.92. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.