Restoration logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Restoration logo
  • NEWS
  • PRODUCTS
    • New Products & Technologies
    • Submit Your Product
    • Interactive Product Spotlights
  • EDUCATION
    • KnowHow.
    • Podcasts
    • Trade Shows & Expos
    • Training & Certification
    • Webinars
    • Whitepapers
  • TOPICS
    • Water Damage
    • Fire & Smoke Damage
    • Mold
    • Contamination
    • Odor
    • Contents
    • Architecture
    • Catastrophe
    • Cleaning
  • BUSINESS
    • Managing Your Business
    • Insurance/Legal Matters
  • BUYER'S GUIDE
  • VIDEOS
    • Ask Annissa
    • Ask the Expert
    • Ironclad Marketing Minute
    • TradeTalks
    • Video Channel
  • INFOCENTER
    • Mold and Mycotoxins
  • THE EXPERIENCE
    • Convention & Trade Show
    • R&R Special Issue
  • EMAG
    • eMagazine
    • Archive Issues
    • Contact
    • Advertise
  • SIGN UP
Insurance/Legal Matters in RestorationManaging Your Restoration BusinessAsk the Expert

Claims Estimating Q&A: Trends, Best Practices and Verisk Elevate Preview With Mike Fulton

Ask the Expert

February 1, 2022

Claims estimating and the software used to facilitate it are critical elements of property restoration. With Verisk Elevate 2022 around the corner, taking place February 15-16 in Salt Lake City and virtually, we invited Mike Fulton, president of Verisk Property Estimating Solutions, formally known as Xactware, to share an event preview. 

He also talks trends and innovations in estimating, ongoing areas of interest among contractors like Xactimate pricing, the impact of external forces like inflation on property claims, and an Xactware rebrand uniting independent names. 

This episode covers:

  • The role Verisk and Xactimate play in the world of restoration
  • The history, mission and educational highlights of Verisk Elevate as an event for contractors and insurers
  • Notable advancements to Verisk software restoration professionals should know about
  • A new pricing specialist program coming soon for restoration contractors to participate in
  • Advancements making estimating more efficient including object recognition, shortened floorplan capture, and a new scoping solution for water mitigation
  • Predictions for the future of estimating well beyond 2022
  • Pricing pressure from inflation as the biggest area of concern heading into 2022
  • Integrations with other vendor solutions in a multi-ownership environment where data security is critical
  • How pricing works within Xactimate and what goes into published price lists
  • Best practices for contractors providing pricing feedback
  • How Xactimate accounts for changing materials costs and labor rates
  • Following CoreLogic’s acquisition of Next Gear Solutions in 2021, what a more competitive software landscape means for restoration customers of Verisk
  • Perspective on how data restorers share within Xactimate is shared and safeguarded 

Check out this episode of Ask the Expert to learn more. You can watch the video here or listen to the audio version of our conversation here. You can also find our show on Apple Podcasts and Spotify. Just search for Restoration & Remediation Ask the Expert, then hit Follow.

KEYWORDS: Estimating software insurance claims project management Verisk Xactimate Xactware

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • mold remediation

    Fighting Mold and Bacteria Damage

    Successful mold remediation can be multidisciplinary,...
    Cleaning and Sanitation
    By: Josh Woolen
  • certifications and licenses for restoration professionals

    Certifications and Licenses Every Restoration Company Needs

    Restoration companies need to make sure they have the...
    Restoration Training/Education
    By: Sharon Elzarat
  • a wall covered in moss and fungus

    Zero Tolerance for Toxic Molds: Essential Steps for Successful Remediation

    Understanding the importance of zero tolerance for toxic...
    Mold Remediation
    By: Michael A. Pinto CSP, SMS, CMP, RTPE, FLS, ERS and Kendra Seymour
You must login or register in order to post a comment.

Report Abusive Comment

Manage My Account
  • eNewsletter
  • Online Registration
  • Subscription Customer Service
  • Manage My Preferences

More Videos

Popular Stories

bed bug

How Cutting-Edge Bed Bug Tech is Changing the Game for Restoration Pros

particle count hands-on demonstration of a HEPA filter

The Truth About HEPA Filters

water on basement floor

How Much Water Causes Water Damage?

Submit Your New Product/Technology to R&R!

Would you like to promote a new restoration, remediation or cleaning product/technology with Restoration & Remediation? Fill out the question below to start your submission:

Events

September 3, 2025

The Experience Convention and Trade Show

The Experience Convention & Trade Show logoJoin us in Las Vegas for The Experience Convention & Trade Show, the leading event for cleaning, restoration, and remediation pros, packed with hands-on demos, expert speakers, and high-impact networking. Happening September 3–5, 2025 at Caesars Forum—this is where the industry comes to learn, connect, and grow!

View All Submit An Event

Poll

Doffing PPE

When you are doffing your PPE, do you sanitize between every step?
View Results Poll Archive

Products

The Cleaning, Restoration, Inspection, and Safety Glossary

The Cleaning, Restoration, Inspection, and Safety Glossary

The Cleaning, Restoration, Inspection, and Safety Glossary.

See More Products
Prepare for CATASTROPHE with R&R!

Related Articles

  • Doctor filling out medical insurance form with mature couple

    Navigating Insurance Claims: Best Practices

    See More
  • navigating insurance claims

    Navigating Insurance Claims: Best Practices and Tips

    See More
  • HOVER and Verisk

    HOVER and Verisk Streamline Property Claims with New Integration

    See More

Related Products

See More Products
  • social media white paper

    Optimizing Social Media from a B2B Perspective

  • red-guide-national-815.png

    National Red Guide - A Step by Step Guide to Disaster Recovery

See More Products
×

Stay ahead of the curve with our eNewsletters.

Get the latest industry updates tailored your way.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
    • Submit a Press Release
  • SIGN UP TODAY
    • Create Account
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Reprints
    • Marketing Services
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing