2A —December 23, 2022 - January 19, 2023 — M id A tlantic Real Estate Journal
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M id A tlantic R eal E state J ournal Publisher, Conference Producer ..............Linda Christman AVP, Conference Producer ...........................Lea Christman Conference Producer .........................................Matt Wolpe Editor/Graphic Artist ......................................Karen Vachon Contributing Columnist ................Jonathan Holden, Verisk Mid Atlantic R eal E state J ournal ~ Published Monthly Periodicals postage paid at Hingham, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal 117 HMS Halsted Dr., Hingham, MA 02043 USPS #22-358 | Vol. 34, Issue 12
Jonathan Holden
Verisk introduces BINS
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any insurers and re- insurers face chal- lenges when assess-
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ing property risks for multiple buildings and units that share a common address. To solve this problem and simplify un- derwriting and portfolio man- agement processes, Verisk, a global data analytics provider, has introduced BINS (Build- ing Identification Number- ing System), which utilizes geospatial data and propri- etary technology to create an inventory of commercial and residential structures. Leveraging a database of more than 125 million struc- tures covering all 50 U.S. states, BINS enables insur- ers and reinsurers to identify whether the address they’re evaluating represents a build- ing, a unit in a building, or a collection of buildings. “For insurers and rein- surers, evaluating property data for use in their risk assessment workflows can
be time-consuming, resource- intensive, and inaccurate,” said Jonathan Holden, vice president of data acquisi- tion for Verisk. “BINS can significantly increase their efficiency and accuracy by optimizing their data with entity resolution, enhanced
geolocation, and a unique identifier per property.” Verisk offers a wide range of analytic solutions to help insurers and reinsurers make more informed decisions about risk, streamline work- flows, and improve profitable growth. MAREJ
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Moove In Self Storage expands presence into the Upstate New York Market
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trolled units, 613 traditional units, and a 500 s/f office. The Selkirk satellite property, fea- tures an additional 168 tradi- tional drive-up units and 12 parking spaces for RV, boat, and vehicle storage. MAREJ
ALBANY, NY — Moove In Self Storage announced the acquisition of Glenmont Self Storage and Selkirk Self Stor- age located outside of Albany. The Glenmont property boasts 438 temperature-con-
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