Insurance Data Services history

By 1982, First American Title served every region of the country.

The company was founded in 1986 with Xactimate, its flagship estimating system, which helped contractors and insurance adjusters estimate repairs much faster and more accurately than they ever could before.

The not-for-profit Insurance Services Office (ISO) was founded on April 1 under the leadership of Daniel J. McNamara, who remained president of the company until his retirement in 1987.

In 1988, First American approached Canadian officials with a request to open title insurance offices in Canada.

Our acquisition of Maplecroft, founded in 2001 and now known as Verisk Maplecroft, expanded our risk management capabilities to include geopolitical, societal, human rights, and environmental risks that affect business in all countries of the world.

The strength of Verisk’s 2009 IPO affirmed our success in innovation, excellent service, and our core belief in adding value to every customer interaction.

In 2010, First American separated its newly developed real estate information businesses from its title insurance and financial services operations, thus creating two new independent companies—a strategy that will enhance the focus and strengthen the competitive positions of both companies.

Following the acquisition, Argus linked anonymized customer views to media signals at a customer and household level, and then in 2015, introduced the industry’s first fraud/abuse score, allowing banks to reduce loan losses by an average of 15% - 20%.

From FORTUNE Magazine, March 1, 2019 ©2019 Time Inc.

By the end of 2020, leaders like Verisk were advancing innovative solutions that applied emerging technologies such as artificial intelligence (AI) and machine learning to massive data sets.