Document:

exv4w10

Exhibit 4.10

WAIVER, CONSENT AND AMENDMENT NO. 6

TO UNCOMMITTED MASTER SHELF AGREEMENT

As of March 28, 2011

Verisk Analytics, Inc.

545 Washington Boulevard

Jersey City, NJ 07310-1686

Insurance Services Office, Inc.

545 Washington Boulevard

Jersey City, NJ 07310-1686

Ladies and Gentlemen:

     Reference is made to that certain Uncommitted Master Shelf Agreement, dated as of June 13,
2003 (as amended by Amendment No. 1 to Note Purchase and Master Shelf Agreement, dated as of
February 1, 2005, Amendment No. 2 to Note Purchase and Master Shelf Agreement, dated as of June 13,
2005, Amendment No. 3 to Note Purchase and Master Shelf Agreement, dated as of January 23, 2006,
Waiver and Amendment No. 4 to Uncommitted Master Shelf Agreement, dated as of February 28, 2007,
Amendment No. 5 to Uncommitted Master Shelf Agreement, dated as of August 30, 2010, and as further
amended from time to time, the “Shelf Agreement”), by and among Insurance Services Office, Inc., a
Delaware corporation (the “Company”), on the one hand, and The Prudential Insurance Company of
America, Pruco Life Insurance Company, Pruco Life Insurance Company of New Jersey, Prudential
Retirement Insurance and Annuity Company, Prudential Annuities Life Assurance Corporation (formerly
American Skandia Life Assurance Corporation), Gibraltar Life Insurance Co., Ltd., American Bankers
Insurance Company of Florida, Inc., RGA Reinsurance Company, United of Omaha Life Insurance Company
and each Prudential Affiliate which has become bound by certain provisions of the Shelf Agreement
(as provided therein) (collectively, the “Purchasers”), and Prudential Investment Management, Inc.
(“Prudential”), on the other, whereby the Company issued and sold its (i) 4.60% Series E Senior
Notes due June 13, 2011 (the “Series E Notes”), (ii) 6.00% Series F Senior Notes due August 8, 2011
(the “Series F Notes”), (iii) 6.13% Series G Senior Notes due August 8, 2013 (the “Series G
Notes”), (iv) 5.84% Series H Senior Notes due October 26, 2015 (the “Series H Notes”), (v) 6.28%
Series I Senior Notes due April 29, 2015 (the “Series I Notes”) and (vi) 6.85% Series J Senior
Notes due June 15, 2016 (the “Series J Notes”), and proposes to issue additional Shelf Notes (as
defined in the Shelf Agreement) (such additional Shelf Notes, together with the Series E Notes, the
Series F Notes, the Series G Notes, the Series H Notes, the Series I Notes and the Series J Notes
are referred to herein, collectively, as the “Notes”). Capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned to such terms in the Shelf Agreement.
This Amendment No. 6 to Uncommitted Master Shelf Agreement shall be referred to herein as this
“Agreement”.

     Pursuant to the request of the Company and Verisk Analytics, Inc., a Delaware corporation (the
“Parent”), and in accordance with the provisions of paragraph 11C of the Shelf Agreement, the
parties to this Agreement hereby agree as follows:

 

 

     1. WAIVERS.

     Subject to the satisfaction of the conditions set forth in Section 4 hereof, each Purchaser
hereby waives, effective as of the date first above written, only the following:

     a. the Event of Default arising under paragraph 7A(vi) caused by the Company’s failure to
comply with paragraph 5M (Most Favored Lender Status) of the Shelf Agreement solely to the extent
of the Company’s past failure to deliver amendments to the Shelf Agreement incorporating the more
favorable provisions contained in any agreement set forth on Schedule I hereto; and

     b. the Event of Default arising under paragraph 7A(vi) caused by the Company’s failure to
comply with Schedule 5N and paragraph 5N (Additional Covenants and Definitions), which incorporated
mutatis mutandis Section 6.12 (Additional Guarantors) of the Bank Agreement, solely to the extent
of the Company’s past failure to cause the Parent to become a Guarantor of the Notes pursuant to
the terms of the Shelf Agreement; provided that the Parent shall deliver, on the date first
written above, an Agreement of Guaranty in favor of the holders of the Notes dated as of such date
in the form attached hereto as Exhibit A.

     2. WAIVERS IN CONNECTION WITH AN OFFERING.

     Solely in connection with any underwritten offering of unsecured debt securities (whether
registered under the Securities Act of 1933, as amended, (the “Securities Act”) or exempt therefrom
(pursuant to Rule 144A under the Securities Act or otherwise)) to be issued by either the Parent or
the Company and guaranteed by the Parent or the Company, as applicable, and any direct or indirect
subsidiary of the Parent or the Company (an “Offering”), and subject to the satisfaction of the
conditions set forth in Section 4 hereof, each Purchaser hereby waives, effective as of the date
first above written, compliance with Sections 2.05(b)(iii), 7.02, 7.08 or 7.11 of the Bank
Agreement (copies of which are attached hereto as Exhibit B) solely to the extent that such
provisions would prohibit or otherwise affect the consummation of an Offering or the use of
proceeds thereof, which provisions have been deemed to be automatically included in the Shelf
Agreement pursuant to paragraph 5M (Most Favored Lender Status).

     3. AMENDMENTS.

     a. In accordance with the provisions of the Shelf Agreement, the Shelf Agreement is, subject
to the satisfaction of the conditions set forth in Section 4 hereof, hereby amended effective as of
the date first above written, to include any and all representations, warranties, covenants, event
of default provisions, and any and all definitions related thereto, which are more favorable to the
Purchasers and Prudential and that are included in any agreement set forth on Schedule I
hereto (other than as expressly so amended in this Agreement).

     b. Clause (vii) of paragraph 3A (Certain Documents) of the Shelf Agreement is hereby amended
and restated in its entirety to read as follows:

     “(vii) Certified copies of Requests for Information or copies (Form UCC-11) or
equivalent reports listing all effective financing statements which name the Parent, the
Company or any Subsidiary incorporated or formed in the United States (under its

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present name and previous names) as debtor and which are filed in the offices of the
Secretaries of State of their respective jurisdictions of incorporation or formation,
together with copies of such financing statements.”

     c. Paragraph 5L (Pari Passu Status) of the Shelf Agreement is hereby amended by adding the
following sentence to the end thereof:

     “The Parent covenants that any and all Indebtedness owing under its Guarantee in favor
of the holders of the Notes shall rank at least pari passu with all other present and future
unsecured Indebtedness of the Parent.”

     d. Paragraph 5M (Most Favored Lender Status) of the Shelf Agreement is hereby amended by
deleting “.” at the end of the first sentence of the first paragraph and adding the following
proviso to the end thereof:

     “provided, however, that, so long as no Default or Event of Default
shall then be continuing, any such amendment of this Agreement shall be deemed to (i)
terminate automatically upon (x) the repayment in full and termination of such Indebtedness
or (y) the effective date of the deletion of such more favorable provisions in respect of
such Indebtedness pursuant to the terms of such Indebtedness or (ii) be amended
automatically and in like manner and effect upon the effectiveness of any amendment of such
more favorable provisions in respect of such Indebtedness pursuant to the terms of such
Indebtedness. In no event shall any such termination or amendment referred to in the
foregoing proviso have the effect of making this Agreement any less favorable to the holders
of the Notes than was the case prior to the incorporation of any such more favorable
provision pursuant to this paragraph.”

     For the avoidance of doubt, the parties to this Agreement hereby acknowledge and agree
that the effect of the foregoing amendment shall be to terminate more favorable provisions
incorporated in the Shelf Agreement pursuant to paragraph 5M to the extent the Indebtedness
that gave rise to the incorporation of any such provision has been terminated, or any such
provision has been deleted or amended in respect of such Indebtedness on or prior to the
date of this Agreement (and for such purposes the requirement that no Default or Event of
Default be continuing at the time of such termination, deletion or amendment shall hereby be
deemed to have been satisfied).

     e. Paragraph 5M (Most Favored Lender Status) of the Shelf Agreement is hereby further amended
by deleting the second sentence of the first paragraph and adding the following sentence in lieu
thereof:

     “Within three (3) Business Days of either the inclusion of more favorable provisions or
the deletion or amendment thereof as provided in the foregoing sentence, the Parent will
deliver an executed written conforming amendment to this Agreement effective as of the date
of such inclusion, deletion or amendment of more favorable provisions; provided,
however, that the execution and delivery of such amendment shall not be a
precondition to the effectiveness of such amendment, but shall merely be for the convenience
of the parties hereto.”

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     f. Paragraph 5N (Additional Covenants and Definitions) of the Shelf Agreement is hereby
amended by deleting “.” at the end of the sentence and adding the following proviso to the end
thereof:

     “provided that Section 6.12 (Additional Guarantors) of the Bank Agreement, as
heretofore incorporated herein by reference pursuant to paragraph 5M hereof, is hereby
amended and restated in its entirety as follows:

     “5N(1). Additional Guarantors. The Company shall notify the each holder of Notes at
the time that any Person becomes (a) a Material Domestic Subsidiary or (b) the parent
company of the Company, and promptly thereafter (and in any event within 30 days (in the
case of the foregoing clause (a), within 30 days of the most recently ended fiscal
quarter)), cause such Person to (i) become a Guarantor by executing and delivering to the
each holder of Notes a counterpart of an agreement evidencing its Guarantee in favor of the
holders of the Notes or such other document as the holders of Notes shall reasonably deem
appropriate for such purpose, and (ii) deliver to each holder of Notes documents of the
types referred to in paragraphs 3A(ii) through (vi) of this Agreement and favorable opinions
of counsel to such Person (which shall cover, among other things, the legality, validity,
binding effect and enforceability of the documentation referred to in the foregoing clause
(i)), with such agreement, documents and opinions referred to in clauses (i) and (ii) to be
all in form, content and scope reasonably satisfactory to such holders.”

     g. Paragraph 6A(1) (Consolidated Interest Coverage Ratio) of the Shelf Agreement is hereby
amended and restated in its entirety to read as follows:

     “6A(1). Consolidated Interest Coverage Ratio. The Consolidated Interest Coverage
Ratio as of the end of any fiscal quarter of the Parent to be less than 3.0-to-1.0.”

     h. Paragraph 6A(2) (Consolidated Leverage Ratio) of the Shelf Agreement is hereby amended and
restated in its entirety to read as follows:

     “6A(2). Consolidated Funded Debt Leverage Ratio. The Consolidated Funded Debt
Leverage Ratio at any time during any period of four fiscal quarters of the Parent to be
greater than 3.0-to-1.0.”

     i. Paragraph 6C (Limitations on Liens and Encumbrances) of the Shelf Agreement is hereby
amended by adding the phrase “and the Guarantees, as applicable,” immediately after the word
“Notes” in all instances the word “Notes” appears in the first paragraph and in the first two
instances the word “Notes” appears in the last paragraph.

     j. Paragraph 6C (Limitations on Liens and Encumbrances) of the Shelf Agreement is hereby
amended further by deleting “.” at the end of clause (xiv) and by adding at the end thereof the
following:

     “; provided that no such Liens permitted under this paragraph 6C may secure any
obligation under the Bank Agreement or under any other additional, renewed, refinanced,

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refunded, restated, replacement or successor bank credit agreement of the Parent and
any direct or indirect Subsidiaries or under any other private placement facilities now or
in the future existing, as amended, renewed, refinanced, refunded, restated or replaced, of
the Parent and any direct or indirect Subsidiaries.”

     k. Paragraph 6D (Merger and Consolidation) of the Shelf Agreement is hereby amended by adding
“and” to the end of clause (i), deleting “; and” at the end of clause (ii) and adding “.” in lieu
thereof, and deleting clause (iii) in its entirety.

     l. A new paragraph 6D(1) is hereby added to the Shelf Agreement immediately after paragraph 6D
to read as follows:

          “6D(1). Merger and Consolidation with respect to Parent. The Parent will not consolidate
with or merge into any other corporation, or transfer its properties and assets substantially as an
entirety to any Person, unless:

     (i) the surviving corporation, if the Parent is not the survivor, is a U.S. corporation
that expressly assumes, by a written agreement satisfactory in form and substance to the
Required Holders (which agreement may require, in connection with such assumption, the
delivery of such opinions of counsel as the Required Holders may require), the obligations
of the Parent under this Agreement and its Guarantee, including all covenants herein and
therein contained, and such successor or acquiring entity shall succeed to and be
substituted for the Parent with the same effect as if it had been named herein as a party
hereto, provided, however, that no such sale shall release the Parent from any of its
obligations and liabilities under this Agreement or its Guarantee unless such sale is
followed by the complete liquidation of the Parent and substantially all the assets of the
Parent immediately following such sale are distributed to the successor or acquiring entity
in such liquidation;

     (ii) no Default or Event of Default exists or would exist after giving effect to such
merger or consolidation; and

     (iii) the Consolidated EBITDA of the surviving corporation for the period of four
fiscal quarters of the surviving corporation immediately preceding such transaction,
determined as if such transaction had occurred on the first day of such period, is at least
as great as the Consolidated EBITDA of the Parent for the same period (for the avoidance of
doubt, determined without giving effect to such transaction).”

     m. Paragraph 6G (Subsidiary Restrictions) of the Shelf Agreement is hereby amended by adding
the phrase “other than the Company” immediately after the first use of the word “Subsidiary” and
immediately before the first use of the word “to” in the paragraph.

     n. Paragraph 6H (Issuance of Stock by Subsidiaries) of the Shelf Agreement is hereby amended
by adding the phrase “other than the Company” immediately after the first use of the word
“Subsidiary” and before the first parenthetical expression in the paragraph.

     o. Paragraph 6I (Guarantees) of the Shelf Agreement is hereby amended by deleting “6A(2); or”
at the end of clause (iii) and inserting in its place “6B; or”.

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     p. Paragraph 8D (Outstanding Debt) of the Shelf Agreement is hereby amended by deleting the
reference to “Consolidated Total Debt” and adding “Consolidated Funded Indebtedness” in lieu
thereof.

     q. Paragraph 10B (Other Terms) of the Shelf Agreement is hereby amended by adding (or amending
and restating in their entirety, as applicable) the following terms in their proper alphabetical
order:

     “Attributable Indebtedness” means, on any date, (a) in respect of any Capitalized Lease
of any Person, the capitalized amount thereof that would appear on a balance sheet of such
Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic
Lease Obligation, the capitalized amount of the remaining lease payments under the relevant
lease that would appear on a balance sheet of such Person prepared as of such date in
accordance with GAAP if such lease were accounted for as a Capitalized Lease.

     “Capitalized Leases” means all leases that have been or should be, in accordance with
GAAP, recorded as capitalized leases.

     “Consolidated EBIT” means, for any period, for the Parent and its direct and indirect
Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such
period plus (a) the following to the extent deducted in calculating such Consolidated Net
Income: (i) Consolidated Interest Charges; (ii) the provision for federal, state, local and
foreign income taxes payable by the Parent and its direct and indirect Subsidiaries for such
period; (iii) non-cash charges for the appreciation of ESOP shares; (iv) non-cash stock
option expenses under FASB Accounting Standards Codification 718 for such period; (v)
non-cash expenses in connection with the Company’s Top Hat Plan and Deferred Compensation
Plan for such period, to the extent such expenses are the result of increasing the
participant liabilities for said plans due to the appreciation in value of the investments
held; (vi) non-cash expenses other than temporary impairment of the Company’s Top Hat Plan
and Deferred Compensation Plan for such period, to the extent such expenses are the result
of the depreciation in value of the investments held in said plan; (vii) non-cash loss on
the disposal of fixed assets for such period; and (viii) other non-recurring expenses of the
Parent and its direct and indirect Subsidiaries reducing such Consolidated Net Income which
do not represent a cash item in such period or any future period and minus (b) the following
to the extent included in calculating such Consolidated Net Income: (i) federal, state,
local and foreign income tax credits of the Parent and its direct and indirect Subsidiaries
for such period; (ii) non-cash gains in connection with the Company’s Top Hat Plan and
Deferred Compensation Plan for such period, to the extent such gains are the result of
decreasing the participant liabilities for said plans due to the depreciation in value of
the investments held; and (iii) other non-recurring non-cash items increasing Consolidated
Net Income for such period.

     “Consolidated EBITDA” means, for any period, for the Parent and its direct and indirect
Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such
period plus (a) the following to the extent deducted in calculating such Consolidated Net
Income: (i) interest expense calculated on a GAAP basis; (ii) the

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provision for federal, state, local and foreign income taxes payable by the Parent and
its direct and indirect Subsidiaries for such period; (iii) depreciation and amortization
expense; (iv) non-cash charges for the appreciation of ESOP shares; (v) non-cash stock
option expenses under FASB Accounting Standards Codification 718 for such period; (vi)
non-cash expenses in connection with the Company’s Top Hat Plan and Deferred Compensation
Plan for such period, to the extent such expenses are the result of increasing the
participant liabilities for said plans due to the appreciation in value of the investments
held; (vii) non-cash expenses other than temporary impairment of the Company’s Top Hat Plan
and Deferred Compensation Plan for such period, to the extent such expenses are the result
of the depreciation in value of the investments held; (viii) non-cash loss on the disposal
of fixed assets for such period; and (ix) other non-recurring expenses of the Parent and its
direct and indirect Subsidiaries reducing such Consolidated Net Income which do not
represent a cash item in such period or any future period and minus (b) the following to the
extent included in calculating such Consolidated Net Income: (i) federal, state, local and
foreign income tax credits of the Parent and its direct and indirect Subsidiaries for such
period; (ii) non-cash gains in connection with the Company’s Top Hat Plan and Deferred
Compensation Plan for such period, to the extent such gains are the result of decreasing the
participant liabilities for said plans due to the depreciation in value of the investments
held; and (iii) other non-recurring non-cash items increasing Consolidated Net Income for
such period.

     “Consolidated Funded Debt Leverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for
the period of the four fiscal quarters most recently ended.

For the purposes of calculating the Consolidated Funded Debt Leverage Ratio in
connection with determining compliance with the financial covenant set forth and
contained in Paragraph 6A(2) of this Agreement only, and for no other purpose, to
the extent that the Parent acquires a Person in accordance with the terms,
conditions, and provisions of this Agreement, the calculation of Consolidated EBITDA
shall include the pro forma effect of such acquisition as if such acquisition shall
have occurred on the first date of such period.

     “Consolidated Funded Indebtedness” means, as of any date of determination, for the
Parent and its direct and indirect Subsidiaries on a consolidated basis, the sum of (a) the
outstanding principal amount of all obligations, whether current or long-term, for borrowed
money (including obligations under the Bank Agreement) and all obligations evidenced by
bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase
money Indebtedness, (c) all obligations, whether contingent or otherwise, arising under
letters of credit (including standby and commercial letters of credit), bankers’
acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations in
respect of the deferred purchase price of Property or services (other than obligations to
pay the earn out portion of the purchase price for Permitted Acquisitions and trade accounts
payable in the ordinary course of business), (e) Attributable Indebtedness in respect of
Capitalized Leases and Synthetic Lease Obligations, (f) without duplication, all Guarantees
with respect to outstanding Indebtedness of the types specified in clauses (a) through (e)
above of Persons other than the Parent or any direct or

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indirect Subsidiary, (g) without duplication, all Guarantees by the Parent and/or the
Company of Permitted Subsidiary Acquisition Indebtedness, and (h) all Indebtedness of the
types referred to in clauses (a) through (f) above of any partnership or joint venture
(other than a joint venture that is itself a corporation or limited liability company) in
which the Parent or a direct or indirect Subsidiary is a general partner or joint venturer,
unless such Indebtedness is expressly made non-recourse to the Parent or such direct or
indirect Subsidiary.

     “Consolidated Interest Charges” means, for any period, for the Parent and its direct
and indirect Subsidiaries on a consolidated basis, all interest, premium payments, debt
discount, fees, charges and related expenses of the Parent and its direct and indirect
Subsidiaries in connection with borrowed money (including capitalized interest) or in
connection with the deferred purchase price of assets, in each case (a) paid in cash and (b)
to the extent treated as interest in accordance with GAAP.

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated EBIT for the period of the four prior fiscal quarters ending on
such date to (b) Consolidated Interest Charges for such period.

     “Consolidated Net Income” means, for any period, for the Parent and its direct and
indirect Subsidiaries on a consolidated basis, the net income of the Parent and its
Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
political subdivision of the United States.

     “ESOP” means that certain Insurance Services Office, Inc. Employee Stock Ownership Plan
established by the ESOP Trust Agreement dated January 3, 1997 as it may be amended and/or
modified from time to time.

     “Material Domestic Subsidiary” means any Domestic Subsidiary (a) which accounts for, or
is responsible for generating, ten percent (10%) or more of the consolidated operating
income or consolidated revenue of the Parent and its direct and indirect Subsidiaries, as of
the most recently ended fiscal quarter or (b) which contributed more than ten percent (10%)
of Consolidated EBITDA for the most recently ended four fiscal quarter period;
provided that no Domestic Subsidiary shall be deemed to be a Material Domestic
Subsidiary for the purposes of compliance with paragraph 5N(1) until the earlier of (i) the
inclusion of such Domestic Subsidiary in the annual audited consolidated results of the
Parent for at least nine (9) months and such annual audited consolidated results shall have
been publicly filed in the Parent’s annual report on Form 10-K and (ii) the public filing by
the Parent of annual audited financial statements for such Domestic Subsidiary for the most
recent fiscal year, provided that the determination of whether such annual audited
financial statements for such Domestic Subsidiary are prepared and publicly filed shall be
at the sole discretion of the Parent. Notwithstanding the foregoing definition to the
contrary, the parties hereto hereby acknowledge and agree that, as of March 28, 2011, 3E
Company Environmental, Ecological and Engineering, a Delaware corporation, is not a Material
Domestic Subsidiary.

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     “Parent” means Verisk Analytics, Inc., a Delaware corporation.

     “Permitted Acquisition” means any merger, consolidation, or acquisition with or of any
Person which complies with each of the following terms and conditions:

     (a) said Person must be in a line of business substantially similar to those
lines of business conducted by the Parent and its Subsidiaries as of September 10,
2010, or any business substantially related, reasonably complimentary, or incidental
thereto; and

     (b) no Default or Event of Default shall exist at the time of, or shall result
or be caused by, such merger, consolidation, or acquisition; and

     (c) all of the financial covenants set forth in paragraph 6A of this Agreement
must be complied with on both a pro forma combined basis for the then current period
and on a projected basis, and, as evidence of such compliance, the Required Holders
shall have first received from the Parent a written certificate signed by a
Responsible Officer showing, in reasonable detail, the calculation of the pro-forma
Consolidated Funded Debt Leverage Ratio of the Parent and its Subsidiaries, after
giving effect to such merger, consolidation, or acquisition; and

     (d) in the event the Parent is not the surviving Person, the surviving Person
shall be a domestic Person that expressly assumes, by a written agreement
satisfactory in form and substance to the Required Holders (which agreement may
require, in connection with such assumption, the delivery of such opinions of
counsel (who may be in-house counsel) as the Required Holders may reasonably
require), the obligations of the Parent and the Company under this Agreement,
including, without limitation, all covenants contained herein, and such successor or
acquiring Person shall succeed to and be substituted for the Parent and the Company
with the same effect as if it had been named herein as a party hereto, provided,
however, that no such sale shall release the Parent or the Company from any of their
obligations and liabilities under this Agreement unless such sale is followed by the
complete liquidation of the Parent and substantially all the assets of the Parent
immediately following such sale are distributed to the successor or acquiring Person
in such liquidation.

     “Permitted Subsidiary Acquisition Indebtedness” means Indebtedness of any Subsidiary of
the Parent which is:

     (a) owed by any Person at the time (i) such Person becomes a Subsidiary of or
is merged with or into the Parent or a Subsidiary of the Parent or (ii) a Subsidiary
acquires any Property from such Person and which Indebtedness is expressly assumed
by such Subsidiary at the time of such acquisition; provided that (A) such
Indebtedness was not created, incurred, or assumed by such Person or such Subsidiary
in contemplation of any Permitted Acquisition, (B) in the event such Indebtedness
shall be Guaranteed, such Guarantee shall be unsecured and shall be given by the
Parent and/or the Company, and (C) the principal

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amount of such Indebtedness shall not be increased at any time after it is
first acquired or assumed, as applicable, or

     (b) incurred by such Subsidiary to finance or to refinance a Permitted
Acquisition; provided that (i) such Indebtedness shall be incurred substantially
simultaneously with the consummation of such Permitted Acquisition, (ii) the
principal amount of such Indebtedness incurred in connection with such Permitted
Acquisition shall not be increased at any time after it is first incurred, (iii) the
principal amount of such Indebtedness (together with any accrued interest thereon
and closing costs relating thereto) shall at no time exceed one hundred percent
(100%) of the original purchase price of such Permitted Acquisition, and (iv) in the
event such Indebtedness shall be Guaranteed, such Guarantee shall be unsecured and
shall be given by the Parent and/or the Company.

     “Property” means any real or personal property, plant, building, facility, structure,
underground storage tank, equipment or unit, or other asset owned, leased or operated by the
Parent and/or any of its direct or indirect Subsidiaries.

     “Subsidiary” shall mean, as to any Person, any corporation, association or other
business entity in which such Person or one or more of its Subsidiaries or such Person and
one or more of its Subsidiaries owns more than 50% of the total combined voting power of all
classes of Voting Stock. Unless the context otherwise clearly requires, any reference to a
“Subsidiary” is a reference to a Subsidiary of the Company or the Parent, as applicable.

     “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the
use or possession of property creating obligations that do not appear on the balance sheet
of such Person but which, upon the insolvency or bankruptcy of such Person, would be
characterized as the indebtedness of such Person (without regard to accounting treatment).

     r. The following paragraph 11T is hereby added to the Shelf Agreement after paragraph 11S:

     “11T. Certain References to “Company”. (a) All references to “Company” in paragraphs
5, 6 and 7 of this Agreement, as well as in the definitions of the defined terms as used in
such paragraphs, shall be deemed to mean the “Parent” except as follows:

     (i) all references to “Company” in paragraph 5B, paragraph 5L, paragraph 6D,
the first instance of the word “Company” in paragraph 6G, the first instance of the
word “Company” in paragraph 6H, clauses (vii), (xii) and (xiii) of paragraph 6M,
clauses (i), (ii) and (iv) of paragraph 7A, the final paragraph of paragraph 7A,
clauses (i) and (ii) of paragraph 7B and the definitions of “Bank Agreement” and
“Credit Agreements” in paragraph 10B shall remain as references to the “Company”;

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     (ii) all references to “Company” in clause (iv) of paragraph 6E shall be deemed
to mean “Parent and the Company” and all references to “Company” in clauses (v),
(vi) and (xi) of paragraph 7A shall be deemed to mean “Parent or the Company”;

     (iii) the reference to “Company’s” in clause (xiv) of paragraph 6C shall be
deemed to mean “Parent’s or the Company’s”; and

     (iv) the references to “Company” in the definition of “Responsible Officer”
shall be deemed to mean “Parent or the Company”, as applicable; and

     (v) for the avoidance of doubt, the references to “Company” in the amendments
to this Agreement set forth in Waiver, Consent and Amendment No. 6 to Uncommitted
Master Shelf Agreement shall remain as references to the “Company”.

     (b) All references to “Company” in paragraph 11C, paragraph 11F and paragraph 11R
(other than in clause (iii) in the first proviso thereof or clause (v) in the second proviso
thereof) shall be deemed to be “Parent and the Company”, and all references to “Company” in
clause (iii) of paragraph 11I, clause (iii) in the first proviso of paragraph 11R and clause
(v) in the second proviso of paragraph 11R shall be deemed to mean “Parent or the Company”.”

     4. CONDITIONS TO EFFECTIVENESS.

     a. Executed Counterparts. Prudential shall have received a counterpart of this
Agreement executed by the Company and the Parent.

     b. Representations and Warranties as of March 28, 2011. The representations and
warranties contained in Section 6 below shall be true on and as of the date hereof.

     c. Legal Fees. The Company shall have paid all costs and reasonable expenses of
Prudential and the Purchasers relating to this Agreement due in accordance with paragraph 11B of
the Shelf Agreement (including, without limitation, all reasonable attorney’s fees and
disbursements).

     d. Parent Guarantee. Prudential shall have received a fully executed Guarantee from
the Parent substantially in the form of Exhibit A hereto.

     e. Amendments to Private Placement Facilities. The Purchasers shall have received
true and correct copies of fully executed amendments to each of the existing private placement
facilities maintained by the Company as of the date above first written (the “Private Placement
Amendments”) reflecting modifications to the terms thereof substantially the same as the changes
set forth in Section 3 hereof, each in form and substance reasonably satisfactory to the
Purchasers.

11

 

     f. Bank Amendment. The Purchaser shall have received a true and correct copy of the
Fourth Amendment and Modification Agreement, of even date herewith, with respect to the Bank
Agreement, executed by all parties thereto.

     g. Representations and Warranties. The representations and warranties contained in
Section 6 below shall be true on and as of the effective date of the Private Placement Amendments.

     5. AGREEMENT OF PARENT.

     By its execution of this Agreement, the Parent hereby agrees and acknowledges that it is a
party to the Shelf Agreement for all purposes.

     6. REPRESENTATIONS AND WARRANTIES.

     To induce you to enter into this Agreement, the Company and the Parent represent, warrant and
acknowledge as follows:

     a. The execution, delivery and performance by the Company and the Parent of this Agreement (i)
is within its corporate power and (ii) is legal and does not conflict with, result in any breach
of, constitute a default under, or result in the creation of any Lien upon any property of the
Parent, the Company or any Subsidiary under the provisions of: (A) any charter, instrument or bylaw
to which it is a party or by which it or any of its property may be bound, (B) any order, judgment,
decree or ruling of any court, arbitrator or governmental authority applicable to it or its
property, or (C) any agreement or instrument to which it is a party or by which it or any of its
properties may be bound or any statute or other rule or regulation of any governmental authority
applicable to it or its properties, except where such conflict, breach, default or Lien could not
reasonably be expected to have a Material Adverse Effect.

     b. This Agreement has been duly authorized, executed and delivered by a duly authorized
officer of the Company and the Parent, and constitutes the legal, valid and binding obligations of
the Company and the Parent, enforceable in accordance with its terms, except that enforceability
may be limited by applicable bankruptcy, reorganization, arrangement, insolvency, fraudulent
conveyance, moratorium or other similar laws affecting the enforceability of creditors’ rights
generally and subject to the availability of equitable remedies.

     c. After giving effect to this Agreement, no Default or Event of Default has occurred and is
continuing.

     d. No consent, approval, authorization or order of, or filing, registration or qualification
with, any court or administrative or governmental body or third party is required in connection
with the execution, delivery or performance by the Company and the Parent of this Agreement.

     e. Neither the Parent, the Company nor any of their Subsidiaries (i) is a Person described or
designated in the Specially Designated Nationals and Blocked Persons List of the Office of Foreign
Asset Control, or in Section 1 of Executive Order No. 13,224 of September 23, 2001, Blocking
Property and Prohibiting Transactions with Persons Who Commit, Threaten to

12

 

Commit or Support Terrorism, 66 U.S. Fed. Reg. 49079 (2001), as amended, or is otherwise a
Person which is the subject of United States sanctions laws and regulations or (ii) knowingly (as
such term is defined in Section 101(6) of the Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010, United States Public Law 111195, as amended from time to time, and the
rules and regulations promulgated thereunder from time to time in effect engages in any dealings or
transactions with any such Person.

     f. Neither the Parent nor the Company shall have made any payment to, or compensated in any
way, any lenders under the private placement facilities in connection with any of the Private
Placement Amendments or any lenders under the Bank Agreement.

     7. MISCELLANEOUS.

     a. Except as expressly provided herein, (i) no terms or provisions of the Shelf Agreement or
any other agreement are modified or changed by this Agreement and (ii) the terms of this Agreement
shall not operate as a waiver by the Purchasers of, or otherwise prejudice the Purchasers’ rights,
remedies or powers under, the Shelf Agreement or under any applicable law, and all of such rights,
remedies and powers are hereby expressly reserved.

     b. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of New York.

     c. The Parent and the Company agree to make such further changes to the Shelf Agreement as
shall be reasonably requested by the Required Holders to make all provisions in the Shelf Agreement
consistent with the specific changes set forth in this Agreement.

     d. This Agreement may be executed in any number of counterparts, each of which shall be an
original but all of which together shall constitute one instrument.

[signature pages follow]

13

 

     Each of the undersigned has caused this Agreement to be executed and delivered by its duly
authorized officer as an agreement under seal as of the date first above written.

	 	 	 	 	 	 	 	 	 

	 	 	PRUDENTIAL INVESTMENT MANAGEMENT, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PRUCO LIFE INSURANCE COMPANY	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Assistant Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Assistant Vice President	 	 

[ISO Shelf Agreement Waiver, Consent and Amendment]

 

 

	 	 	 	 	 	 	 	 	 

	 	 	PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Investment Management, Inc., as Investment Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION 

(formerly American Skandia Life Assurance Corporation)	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Investment Management, Inc., as investment manager	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	GIBRALTAR LIFE INSURANCE CO., LTD.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Investment Management (Japan), Inc., as Investment Manager	 	 
	 	 	By:	 	Prudential Investment Management, Inc., as Sub-Adviser	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Private Placement Investors, L.P. (as Investment Advisor)	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Private Placement Investors, Inc. (as its General Partner)	 	 

[ISO Shelf Agreement Waiver, Consent and Amendment]

 

 

	 	 	 	 	 
	 	 	 
	 	By:  	
/s/ Yvonne Guajardo	 
	 	 	Yvonne Guajardo 	 
	 	 	Vice President 	 
	 

[ISO Shelf Agreement Waiver, Consent and Amendment]

 

 

	 	 	 	 	 	 	 	 	 

	 	 	RGA REINSURANCE COMPANY	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Private Placement Investors,
L.P. (as Investment Advisor)	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Private Placement Investors, Inc.
(as its General Partner)	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	UNITED OF OMAHA LIFE INSURANCE COMPANY	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Private Placement Investors,
L.P. (as Investment Advisor)	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Prudential Private Placement Investors, Inc.
(as its General Partner)	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Yvonne Guajardo	 	 
	 

	 	 	 	 	 	 

Yvonne Guajardo
	 	 
	 

	 	 	 	 	 	Vice President	 	 

[ISO Shelf Agreement Waiver, Consent and Amendment]

 

 

	 	 	 	 	 

	INSURANCE SERVICES OFFICE, INC.	 	 
	 
	 	 	 	 
	By:
	 	/s/ Mark V. Anquillare	 	 
	Name:

	 	Mark V. Anquillare	 	 
	Title:

	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 
	VERISK ANALYTICS, INC.	 	 
	 
	 	 	 	 
	By:
	 	/s/ Mark V. Anquillare	 	 
	Name:

	 	Mark V. Anquillare	 	 
	Title:

	 	Executive Vice President and Chief Financial Officer	 	 

[ISO Shelf Agreement Waiver, Consent and Amendment]

 

 

Schedule I

	1.	 	Credit Agreement, dated as of July 2, 2009 (as amended by a Letter Amendment, dated as
of August 21, 2009, Second Amendment and Modification Agreement, dated as of April 19,
2010, Third Amendment and Modification Agreement, dated as of September 10, 2010, and
Fourth Amendment and Modification Agreement, dated as of March 28, 2011), by and among the
Company, Bank of America, N.A. as agent and lender, and the other lenders from time to time
party thereto, as such agreement may be further amended, restated, replaced or otherwise
modified from time to time.

	2.	 	Uncommitted Master Shelf Agreement, dated as of July 10, 2006 (as amended by an
Amendment and Waiver dated as of December 29, 2006, and as further amended from time to
time), by and among Insurance Services Office, Inc., a Delaware corporation, Principal Life
Insurance Company and each Principal Affiliate (as defined therein) which has become bound
by certain provisions thereof, and Principal Global Investors, LLC.

	3.	 	Uncommitted Master Shelf Agreement, dated as of March 16, 2007 (as amended by First
Amendment to Uncommitted Master Shelf Agreement, dated as of March 16, 2010), and as
further amended from time to time), by and among Insurance Services Office, Inc., a
Delaware corporation, New York Life Insurance Company and each of the New York Life
Affiliates (as defined therein) which has become bound by certain provisions thereof.

	4.	 	Uncommitted Master Shelf Agreement, dated as of December 10, 2008, (as may be amended
from time to time), by and among Insurance Services Office, Inc., a Delaware corporation,
Aviva Investors North America Inc. and each of the Aviva Affiliates (as defined therein)
which has become bound by certain provisions thereof.

I-1

 

Exhibit A

FORM OF AGREEMENT OF GUARANTY

     THIS AGREEMENT OF GUARANTY (hereinafter, as it may be from time to time amended, modified,
refinanced, extended, renewed and/or supplemented, referred to as this “Agreement of
Guaranty”), is made the [ ] day of March, 2011 by

     VERISK ANALYTICS, INC., a corporation duly organized, validly existing in good standing under
the laws of the State of Delaware having its principal office located at 545 Washington Boulevard,
Jersey City, New Jersey 07310-1686 (the “Corporate Guarantor”);

IN FAVOR OF

     The Prudential Insurance Company of America, Pruco Life Insurance Company, Pruco Life
Insurance Company of New Jersey, Prudential Retirement Insurance and Annuity Company, Prudential
Annuities Life Assurance Corporation (formerly American Skandia Life Assurance Corporation),
Gibraltar Life Insurance Co., Ltd., American Bankers Insurance Company of Florida, Inc., RGA
Reinsurance Company, United of Omaha Life Insurance Company and each Prudential Affiliate which has
become bound by certain provisions of the Note Agreement (as defined below, and as provided
therein) (collectively, the “Purchasers”), and Prudential Investment Management, Inc.
(“Prudential”, together with the Purchasers, the “Holders”), so long as they shall
hold any Notes (as defined below) from time to time issued by Insurance Services Office, Inc. a
Delaware corporation (the “Borrower”) under that certain Uncommitted Master Shelf
Agreement, dated as of June 13, 2003 (as amended by Amendment No. 1 to Note Purchase and Master
Shelf Agreement, dated as of February 1, 2005, Amendment No. 2 to Note Purchase and Master Shelf
Agreement, dated as of June 13, 2005, Amendment No. 3 to Note Purchase and Master Shelf Agreement,
dated as of January 23, 2006, Waiver and Amendment No. 4 to Uncommitted Master Shelf Agreement,
dated as of February 28, 2007, Amendment No. 5 to Uncommitted Master Shelf Agreement, dated as of
August 30, 2010, Waiver, Consent and Amendment No. 6 to Uncommitted Master Shelf Agreement dated as
of the date above first written, and as further amended from time to time, the “Note
Agreement”) by and between the Borrower and Holders relating to the issuance by the Borrower
and the purchase by the Holders of the Borrower’s (i) 4.60% Series E Senior Notes due June 13, 2011
(the “Series E Notes”), (ii) 6.00% Series F Senior Notes due August 8, 2011 (the
“Series F Notes”), (iii) 6.13% Series G Senior Notes due August 8, 2013 (the “Series G
Notes”), (iv) 5.84% Series H Senior Notes, due October 26, 2015, (the “Series H
Notes”), (v) 6.28% Series I Senior Notes, due April 29, 2015 (the “Series I Notes”) and
(vi) 6.85% Series J Senior Notes due June 15, 2016 (the “Series J Notes”) and the issuance
by the Borrower and the purchase by the Holders from time to time of additional Shelf Notes (as
defined in the Note Agreement) (such additional Shelf Notes, together with the Series E Notes,
Series F Notes, Series G Notes, Series H Notes, Series I notes and Series J Notes are referred to
herein, as amended or supplemented from time to time, collectively, as the “Notes”).

A-1

 

W I T N E S S E T H:

     WHEREAS, defined terms used but not expressly defined herein shall have the same meanings when
used herein as set forth in the Note Agreement.

     WHEREAS, in satisfaction of the condition to the waiver by the Purchasers set forth in Section
(1)(b) of the Waiver, Consent and Amendment No. 6 to Uncommitted Master Shelf Agreement (the
“Amendment”), dated as of the date above first written, the Corporate Guarantor has agreed
to enter into and execute this Agreement of Guaranty, hereby guarantying the full, prompt and
unconditional payment when due of any “Liabilities of the Borrower” (as such term is hereinafter
defined) due and owing to the Holders in connection with the Notes, and the full and complete
performance of all other monetary and non-monetary obligations of the Borrower with respect to the
Notes.

     NOW, THEREFORE, THE CORPORATE GUARANTOR, HEREBY ABSOLUTELY AND UNCONDITIONALLY, REPRESENTS,
WARRANTS AND COVENANTS AS FOLLOWS:

     1. The Corporate Guarantor hereby irrevocably guarantees the full, prompt and unconditional
payment of each and every Liability of the Borrower owing to the Holders, when and as the same
shall become due, whether at the stated maturity date, by acceleration or otherwise, including,
without limitation, the full, prompt, and unconditional performance of each and every term and
condition of any transaction to be kept and performed by the Borrower under the Note Agreement and
the Notes (including, without limitation, interest accruing on the Notes after the commencement of
a bankruptcy proceeding by or against the Company, regardless of whether such interest would be an
allowed claim against the Company in such proceeding). This Agreement of Guaranty is a primary
obligation of the Corporate Guarantor and shall be a continuing and inexhaustible agreement of
guaranty. In the event any of the Liabilities of the Borrower shall not be paid according to their
terms, the Corporate Guarantor shall immediately pay the same, this Agreement of Guaranty being a
guaranty of full payment and not collectability.

     The term “Liability of the Borrower” or “Liabilities of the Borrower” shall include all
obligations and liabilities of the Borrower owed to the Holders in connection with the Notes,
whether direct or indirect, absolute or contingent, joint or several, now or hereafter existing,
due or to become due, to, and all obligations and liabilities of any successor of the Borrower owed
to the Holders in connection with the Notes, whether direct or indirect, absolute or contingent,
joint or several, now or hereafter existing, due or to become due, to, or held by, the Holders.

     2. The Corporate Guarantor hereby represents and warrants that the financial statements
contained in the Corporate Guarantor’s annual report on Form 10-K for the year ended December 31,
2010 (i) are true, correct and complete in all material respects, fairly represent, in all material
respects, the Corporate Guarantor’s financial condition as of the date thereof, and no material
adverse change has occurred in the Corporate Guarantor’s financial condition reflected therein
since the dates thereof and (ii) no information has been omitted which would make the information
previously furnished in such reports and financial statements misleading or incorrect in any
material respect.

A-2

 

     3. The Corporate Guarantor hereby represents and warrants that (i) it is a corporation duly
organized, validly existing and in good standing under the laws of its State of incorporation and
that it is authorized to conduct its business in, and is in good standing under the laws of, each
other jurisdiction wherein its ownership of property or conduct of business legally requires such
authorization, licensing or qualification, except where the failure to be so authorized or in good
standing would not reasonably be expected to result in a material adverse effect on the Corporate
Guarantor, and (ii) it has all requisite power, authority, franchises and licenses to (a) execute
and deliver this Agreement of Guaranty and any other document, agreement, certificate or instrument
to which it is a party or by which it is bound and in connection with the Notes and to consummate
the transactions and perform its obligations hereunder and thereunder and (b) own its properties
and assets and to carry on and conduct its business as presently conducted or proposed to be
conducted. All necessary action to authorize the execution, delivery and performance of this
Agreement of Guaranty and to consummate the transactions contemplated hereunder and thereunder has
been taken by the Corporate Guarantor.

     4. The Corporate Guarantor hereby represents and warrants that neither the execution and
delivery of this Agreement of Guaranty nor any other document, agreement, certificate and
instrument to which it is a party or by which it is bound in connection with the Notes, nor the
consummation of the transactions contemplated hereunder or thereunder or the compliance with or
performance of the terms and conditions herein or therein will result in the creation or imposition
of any lien, charge or encumbrance of any nature whatsoever upon any of the property or assets of
the Corporate Guarantor, except as permitted in or anticipated by this Agreement of Guaranty, or is
prevented by, limited by, conflicts with or will result in the breach or violation of or a default
under the terms, conditions or provisions of (i) the Corporate Guarantor’s Articles of
Incorporation, Bylaws, and/or any of the Corporate Guarantor’s other corporate governing documents,
(ii) any indenture, evidence of indebtedness, loan or financing agreement, or other agreement or
instrument of whatever nature to which the Corporate Guarantor is a party or by which the Corporate
Guarantor is bound or (iii) any provision of any existing law, rule, regulation, order, writ,
injunction or decree of any court or governmental authority to which the Corporate Guarantor is
subject, except for any such breach, violation, or default with respect to the foregoing
clauses (ii) and (iii) which would not reasonably be expected to result in a
material adverse effect.

     5. The Corporate Guarantor hereby represents and warrants that it is not a party to any
action, suit, proceeding, inquiry, hearing or investigation pending, or within the best of its
knowledge, threatened, in any court of law or in equity, or before or by any governmental authority
wherein there is a reasonable probability that an unfavorable determination, decision, decree,
ruling or finding would (i) result in any material adverse change in the business, assets,
liabilities, financial condition, properties or operations of the Corporate Guarantor, (ii)
materially adversely affect the transactions contemplated by this Agreement of Guaranty and its
ability to perform its obligations hereunder or (iii) adversely affect the validity or
enforceability of this Agreement of Guaranty. The Corporate Guarantor hereby represents and
warrants that to the best of its knowledge, it is not in violation of or default with respect to
any order, writ, injunction, decree or demand of any such court or Governmental Authority, except
for any such violation or default which would not reasonably be expected to result in a material
adverse effect.

A-3

 

     6. The Corporate Guarantor hereby represents and warrants that (i) all consents, approvals,
orders or authorizations of, or registrations, declarations or filings with any Governmental
Authority which are required in connection with the valid execution and delivery of this Agreement
of Guaranty, and the carrying out or performance of any of the transactions required or
contemplated hereunder to be performed by it, have been obtained or accomplished and are in full
force and effect and (ii) to the best of its knowledge, all timely consents, approvals, orders or
authorizations of, or registrations, declarations or filings with any Governmental Authority which
are required in connection with the issuance of the Notes have been obtained or accomplished and
are in full force and effect, or can be obtained by the Borrower.

     7. The Corporate Guarantor hereby represents and warrants that (i) the assumption of its
obligations hereunder will result in material benefits to it and (ii) this Agreement of Guaranty
when executed and delivered will constitute a legal, valid and binding obligation on its part,
enforceable against the Corporate Guarantor in accordance with its terms, subject, as to
enforcement of remedies only, to any applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance, and similar laws of general application at the time in effect and general
principles of equity.

     8. The Corporate Guarantor hereby waives notice of acceptance of this Agreement of Guaranty
and notice of any Liability of the Borrower to which it may apply, and waives notice of default,
non-payment, partial payment, presentment, demand, protest, notice of protest or dishonor and all
other notices to which guarantors might otherwise be entitled, or which might be required by law
and required to be given by the Holders, including, without limitation, all defenses based on
suretyship or impairment of collateral (the Corporate Guarantor and the Holders intending this
waiver to have the effects described in Section 48 of the Restatements (Third) of the Law of
Suretyship and Guaranty).

     9. The Corporate Guarantor’s liability hereunder shall be in no way affected, diminished or
released by (i) any amendment, change or modification of the provisions of the Notes or the Note
Agreement, (ii) any extensions of time for performance required thereby, (iii) the release of the
Borrower from performance or observation of any of the agreements, covenants, terms or conditions
contained in any of said instruments by the Holders or by operation of law, whether made with or
without notice to the Corporate Guarantor, (iv) acceptance by the Holders of additional security or
any increase, substitution or changes therein, (v) the release by the Holders of any security or
any withdrawal thereof or decrease therein or (vi) any other event or circumstance which might
otherwise constitute a defense to the obligations hereunder to any of the Liabilities of the
Borrower or to the obligations of others related hereto or thereto and the undersigned irrevocably
waives the right to assert defenses, set-offs and counterclaims in any litigation relating to this
guaranty and the Liabilities of the Borrower.

     10. Without incurring responsibility to the Corporate Guarantor and without impairing or
releasing the obligations of the Corporate Guarantor hereunder, the Holders may at any time and
from time to time without the consent of, or notice to the Corporate Guarantor, upon any terms or
conditions and in whole or in part:

A-4

 

          (i) change the manner, place or terms of payment and/or change or extend the time for payment
or renew or alter, any Liability of the Borrower or any security therefor, and the guaranty herein
made shall apply to the Liabilities of the Borrower as so changed, extended, renewed or altered;

          (ii) sell, exchange, release, surrender, realize upon or otherwise deal with in any manner and
in any order any property by whomsoever at any time pledged, mortgaged or in which a security
interest is given to secure, or howsoever securing, the Liabilities of the Borrower;

          (iii) exercise or refrain from exercising any rights against the Borrower or others (including
the Corporate Guarantor) or against the security, or otherwise act or refrain from acting;

          (iv) settle or compromise any Liability of the Borrower, dispose of any security for any
Liability of the Borrower, with or without consideration, or any liability incurred directly or
indirectly in respect of any Liability of the Borrower or this Agreement of Guaranty, and may
subordinate the payment of all or any part thereof to the payment of any Liability of the Borrower
(whether due or not) to creditors of the Borrower other than the Holders and the Corporate
Guarantor; and

          (v) apply any sums by whomsoever paid or howsoever realized to any Liability of the Borrower.

     11. No invalidity, irregularity or unenforceability of all or any part of any Liability of the
Borrower or the impairment or loss of any security therefor, whether caused by any actions or
inactions of the Holders, or otherwise, shall affect, impair or be a defense to this Agreement of
Guaranty.

     12. The Corporate Guarantor hereby waives any right or claim of right to cause a marshalling
of the Borrower’s assets or to cause the Holders to proceed against any of the security or
collateral held by the Holders before proceeding against the Corporate Guarantor, and the Corporate
Guarantor hereby waives any and all legal requirement that the Holders shall institute any action
at law or in equity against the Borrower, or anyone else, with respect to the Notes or with respect
to any security held by the Holders, as a condition precedent to bringing any action against the
Corporate Guarantor upon this Agreement of Guaranty.

     13. Until all Liabilities of the Borrower shall have been indefeasibly paid in full, the
Corporate Guarantor hereby irrevocably waives and relinquishes any and all statutory, contractual,
common law, equitable or other claims and rights (i) to seek reimbursement, contribution,
indemnification, set-off or other recourse from or against the Borrower in connection with any
payments made by the Corporate Guarantor under this Agreement of Guaranty and (ii) to be subrogated
to the Holders’ rights under the Notes upon the Corporate Guarantor’s performance under this
Agreement of Guaranty.

     14. Until termination, this Agreement of Guaranty is made and shall continue as to any
Liability of the Borrower to the Holders without regard to the existence of other collateral or
security or guaranties, if any, or to the validity or effectiveness of any or all thereof; and any
or

A-5

 

all such collateral and security and guaranties may, from time to time, without notice to or
consent of the Corporate Guarantor, be sold, released, surrendered, exchanged, settled,
compromised, waived, subordinated or modified, with or without consideration, on such terms and
conditions as may be acceptable to the Holders without in any manner affecting or impairing the
liability of the Corporate Guarantor. The Corporate Guarantor’s obligations under this Agreement of
Guaranty shall extend to any and all monies advanced by the Holders pursuant to the Notes and the
Note Agreement.

     15. The Corporate Guarantor hereby covenants and agrees that it shall furnish, or cause to be
furnished, to the Holders the financial information required by the terms of the Note Agreement.

     16. If claim is ever made upon a Holder for repayment or recovery of any amount or amounts
received by such Holder in payment for, or on account of, any of the Liabilities of the Borrower,
and such Holder repays all or part of said amount by reason of (i) any judgment, decree or order of
any court or administrative body having jurisdiction over such Holder or any of its property, or
(ii) any settlement or compromise of any such claim affected by such Holder with any such claimant
(including the Borrower), then, and in such event, the Corporate Guarantor hereby agrees that any
such judgment, decree, order, settlement or compromise shall be binding upon it, notwithstanding
the cancellation of any note or any other instrument evidencing any Liability of the Borrower and
the Corporate Guarantor shall be and remain liable to such Holder hereunder for the amount so
repaid or recovered to the same extent as if such amount had never originally been received by such
Holder.

     17. Settlement of any claim by a Holder against the Borrower, whether in any proceeding or
not, and whether voluntary or involuntary, shall not reduce the amount due under the terms of this
Agreement of Guaranty except to the extent of the amount paid by the Borrower in connection with
the settlement.

     18. No delay on the part of a Holder in exercising any of its rights, powers or privileges or
partial or single exercise thereof under the Notes, this Agreement of Guaranty or any other
document made to or with such Holder by the Borrower shall operate as a waiver of any such
privileges, powers or rights. No waiver of any of its rights hereunder, and no modification or
amendment of this Agreement of Guaranty, shall be deemed to be made by a Holder unless the same
shall be in writing, duly signed on behalf of such Holder, by a duly authorized officer, and each
such waiver, if any, shall apply only with respect to the specific instance involved, and shall in
no way impair the rights of such Holder or the obligations of the Corporate Guarantor to such
Holder in any other respect at any other time.

     19. All rights, powers and remedies afforded to a Holder by reason of this Agreement of
Guaranty are separate and cumulative remedies and no one of such remedies whether or not exercised
by such Holder shall be deemed to exclude any of the other remedies available to such Holder nor
prejudice availability of any other legal or equitable remedy which such Holder may have with
respect to the Notes.

     20. This Agreement of Guaranty shall be governed by and construed and interpreted in
accordance with, the laws of the State of New York and no defense given or allowed by the

A-6

 

laws of any other state or country shall be interposed in any action or proceeding hereon
unless such defense is also given or allowed by the laws of the State of New York. A Holder may
bring any action or proceeding to enforce or arising out of this Agreement of Guaranty in any court
of competent jurisdiction. If the Holder commences such an action in a court located in the County
of New York, State of New York, or any United States District Court in the Southern District of New
York, the Corporate Guarantor hereby agrees that it will submit to the personal jurisdiction of
such courts and will not attempt to have such action dismissed, abated or transferred on the ground
of forum non conveniens, and in furtherance of such agreement, the Corporate Guarantor hereby
agrees and consents that without limiting other methods of obtaining jurisdiction, personal
jurisdiction over it in any such action or proceeding may be obtained within or without the
jurisdiction of any court located in the State of New York and that any process or notice of motion
or other application to any such court in connection with any such action or proceeding may be
served upon the Corporate Guarantor by registered mail to or by personal service at the last known
address of the Corporate Guarantor; provided, however, that nothing contained
herein shall prohibit the Corporate Guarantor from seeking, by appropriate motion, to remove an
action brought in the New York state court to the United States District Court for the Southern
District of New York. If such action is so removed, however, the Corporate Guarantor shall not seek
to transfer such action to any other district, nor shall the Corporate Guarantor seek to transfer
to any other district any action which a Holder originally commences in such Federal court. Any
action or proceeding brought by the Corporate Guarantor arising out of this Agreement of Guaranty
shall be brought solely in a court of competent jurisdiction located in the County of New York,
State of New York, or in a United States District Court in the Southern District of New York. The
Corporate Guarantor hereby waives any right to seek removal of any action or proceeding other than
as permitted according to this Paragraph 20.

     21. This Agreement of Guaranty shall be binding upon and inure to the benefit of and be
enforceable by the parties hereto and their respective successors and assigns.

     22. This Agreement of Guaranty shall terminate upon the termination of the Notes in accordance
with their terms. The Borrower or the Corporate Guarantor may terminate this Agreement of Guaranty
and the Notes and all other obligations of the Borrower or the Corporate Guarantor to the Holders
under the Notes, the Note Agreement or this Agreement of Guaranty, by paying to the Holders all
sums due and owing to the Holders hereunder and under the Notes and the Note Agreement.

     23. Unless otherwise indicated differently, all notices, payments, requests, reports,
information or demands which any party hereto may desire or may be required to give to any other
party hereunder, shall be in writing and shall be personally delivered or sent by confirmed
telecopy transmission or first-class certified or registered United States mail, postage prepaid,
return receipt requested, and sent to the party at its address appearing at the beginning of this
Agreement of Guaranty, or such other address as any party shall hereafter inform the other party
hereto by written notice given as aforesaid. All notices, payments, requests, reports, information
or demands so given shall be deemed effective upon receipt or, if mailed, upon receipt or the
expiration of the third (3rd) day following the date of mailing, whichever occurs first, except
that any notice of change in address shall be effective only upon receipt by the party to whom said
notice is addressed. A failure to send the requisite copies does not invalidate an otherwise
properly sent notice to the Corporate Guarantor and/or the Holders.

A-7

 

     24. In case of any proceedings to collect any liabilities of the Corporate Guarantor owed to
the Holders hereunder, the Corporate Guarantor shall pay all costs and expenses of every kind for
collection, sale or delivery of any collateral or assets or properties of the Corporate Guarantor,
including reasonable attorneys’ fees, and after deducting such costs and expenses from the proceeds
of sale or collection, the Holders may apply any residue to the liabilities of the Corporate
Guarantor, who shall continue to be liable for any deficiency, with interest at the rate provided
for in the Notes and/or the Note Agreement.

     25. In all references herein to any parties, persons, entities or corporations, the use of any
particular gender or the plural or singular number is intended to include the appropriate gender or
number as the text of the within instrument may require.

     26. The Corporate Guarantor hereby acknowledges and agrees that it shall have the sole
responsibility for obtaining from the Borrower such information concerning the Borrower’s financial
condition and business operations as the Corporate Guarantor may require, and that the Holders have
no duty at any time to disclose to the Corporate Guarantor any information relating to the business
operations or financial condition of the Borrower.

     27. THE CORPORATE GUARANTOR AND THE HOLDERS HEREBY WAIVE ANY AND ALL RIGHTS THAT THEY MAY NOW
OR HEREAFTER HAVE, POSSESS AND ENJOY UNDER THE LAWS OF THE UNITED STATES OF AMERICA OR ANY STATE,
TO A TRIAL BY JURY OF ANY AND ALL ISSUES ARISING EITHER DIRECTLY OR INDIRECTLY IN ANY ACTION OR
PROCEEDING BETWEEN THE CORPORATE GUARANTOR AND THE HOLDERS OR THEIR RESPECTIVE SUCCESSORS AND
ASSIGNS, OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT OF GUARANTY. IT IS INTENDED THAT SAID
WAIVER OF JURY TRIAL SHALL APPLY TO ANY AND ALL DEFENSES, RIGHTS, AND/OR COUNTERCLAIMS IN ANY
ACTION OR PROCEEDING. THE CORPORATE GUARANTOR AND THE HOLDERS RECOGNIZE THAT ANY DISPUTE ARISING IN
CONNECTION WITH THE NOTE AGREEMENT IS LIKELY TO BE COMPLEX AND CONSEQUENTLY THEY WISH TO STREAMLINE
AND MINIMIZE THE COST OF THE DISPUTE RESOLUTION PROCESS BY AGREEING TO WAIVE THEIR RIGHTS TO A JURY
TRIAL.

     28. The Corporate Guarantor hereby represents and warrants that other than its guaranty of the
obligations of Borrower listed on the attached Schedule 28, it has not guaranteed or
otherwise obligated itself to perform the obligations of Borrower or of any other entity. The
Corporate Guarantor agrees that it will notify the Holders promptly if it guarantees or otherwise
obligates itself to perform any other obligations of Borrower or any other entity other than as
listed on Schedule 28.

[Signatures on the following pages]

A-8

 

     IN WITNESS WHEREOF, the Corporate Guarantor has caused this Agreement of Guaranty to be duly
executed and delivered by its appropriate authorized corporate officers, all as of the day and year
first above written.

	 	 	 	 	 	 	 	 	 

	ATTEST:	 	VERISK ANALYTICS, INC.,	 	 
	 	 	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 	 	 
	Name:

	 	 

Kenneth E. Thompson
	 	Name:
	 	 

Mark V. Anquillare
	 	 
	 

	 	Executive Vice
President,
General
Counsel and Corporate
Secretary
	 	Title:
	 	Executive Vice
President and Chief
Financial Officer	 	 

A-9

 

SCHEDULE 28

(List of Guarantees)

Guarantees in respect of (1) any committed or uncommitted revolving credit loan facilities and/or
lines of credit made available to the Borrower pursuant to the Credit Agreement, dated as of July
2, 2009 (as amended, restated, replaced or otherwise modified from time to time) by and among the
Borrower, Bank of America, N.A. as agent and lender, and the other lenders party thereto, (2) any
Indebtedness incurred pursuant to the Borrower’s Uncommitted Master Shelf Agreements with each of
Principal Global Investors, LLC, Aviva Investors North America Inc. and New York Life Insurance
Company and/or their affiliates, the foregoing as amended or supplemented from time to time and (3)
guarantees in respect of any Offering (as defined in the Amendment).

A-10

 

Exhibit B

Bank Agreement

B-1exv4w11

Exhibit 4.11

WAIVER, CONSENT AND AMENDMENT NO. 2

TO UNCOMMITTED MASTER SHELF AGREEMENT

As of March 28, 2011

Verisk Analytics, Inc.

545 Washington Boulevard

Jersey City, NJ 07310-1686

Insurance Services Office, Inc.

545 Washington Boulevard

Jersey City, NJ 07310-1686

Ladies and Gentlemen:

     Reference is made to that certain Uncommitted Master Shelf Agreement, dated as of March 16,
2007 (as amended by First Amendment to Uncommitted Master Shelf Agreement, dated as of March 16,
2010), and as further amended from time to time, the “Shelf Agreement”), by and among Insurance
Services Office, Inc., a Delaware corporation (the “Company”), on the one hand, and New York Life
Insurance Company (“New York Life”) and each of the New York Life Affiliates (as defined in the
Shelf Agreement) which has become bound by certain provisions of the Shelf Agreement (as provided
therein) (collectively, the “Purchasers”), on the other, whereby the Company issued and sold (i)
each of its 5.87% Series A Senior Notes due October 26, 2013 and October 26, 2015, respectively
(the “Series A Notes”) and (ii) its 6.35% Series B Senior Notes due April 29, 2015 (the “Series B
Notes”), and proposes to issue additional Shelf Notes (as defined in the Shelf Agreement) (such
additional Shelf Notes, together with the Series A Notes and the Series B Notes are referred to
herein, collectively, as the “Notes”). Capitalized terms used herein and not otherwise defined
herein shall have the meanings assigned to such terms in the Shelf Agreement. This Amendment No. 2
to Uncommitted Master Shelf Agreement shall be referred to herein as this “Agreement”.

     Pursuant to the request of the Company and Verisk Analytics, Inc., a Delaware corporation (the
“Parent”), and in accordance with the provisions of paragraph 11C of the Shelf Agreement, the
parties to this Agreement hereby agree as follows:

     1. WAIVERS.

     Subject to the satisfaction of the conditions set forth in Section 4 hereof, each Purchaser
hereby waives, effective as of the date first above written, only the following:

     a. the Event of Default arising under paragraph 7A(f) caused by the Company’s failure to
comply with paragraph 5K (Most Favored Lender Status) of the Shelf Agreement solely to the extent
of the Company’s past failure to deliver amendments to the Shelf Agreement incorporating the more
favorable provisions contained in any agreement set forth on Schedule I hereto; and

 

 

     b. the Event of Default arising under paragraph 7A(f) caused by the Company’s failure to
comply with Section 6.12 (Additional Guarantors) of the Bank Agreement, which provisions have been
deemed to be automatically included in the Shelf Agreement pursuant to Section 5K (Most Favored
Lender Status), solely to the extent of the Company’s past failure to cause the Parent to become a
Guarantor of the Notes pursuant to the terms of the Shelf Agreement (as so amended);
provided that the Parent shall deliver, on the date first written above, an Agreement of
Guaranty in favor of the holders of the Notes dated as of such date in the form attached hereto as
Exhibit A.

     2. WAIVERS IN CONNECTION WITH AN OFFERING.

     Solely in connection with any underwritten offering of unsecured debt securities (whether
registered under the Securities Act of 1933, as amended, (the “Securities Act”) or exempt therefrom
(pursuant to Rule 144A under the Securities Act or otherwise)) to be issued by either the Parent or
the Company and guaranteed by the Parent or the Company, as applicable, and any direct or indirect
subsidiary of the Parent or the Company (an “Offering”), and subject to the satisfaction of the
conditions set forth in Section 4 hereof, each Purchaser hereby waives, effective as of the date
first above written, compliance with Sections 2.05(b)(iii), 7.02, 7.08 or 7.11 of the Bank
Agreement (copies of which are attached hereto as Exhibit B) solely to the extent that such
provisions would prohibit or otherwise affect the consummation of an Offering or the use of
proceeds thereof, which provisions have been deemed to be automatically included in the Shelf
Agreement pursuant to paragraph 5K (Most Favored Lender Status).

     3. AMENDMENTS.

     a. In accordance with the provisions of the Shelf Agreement, the Shelf Agreement is, subject
to the satisfaction of the conditions set forth in Section 4 hereof, hereby amended effective as of
the date first above written, to include any and all representations, warranties, covenants, event
of default provisions, and any and all definitions related thereto, which are more favorable to the
Purchasers and New York Life and that are included in any agreement set forth on Schedule I
hereto (other than as expressly so amended in this Agreement).

     b. Clause (g) of paragraph 3A (Certain Documents) of the Shelf Agreement is hereby amended and
restated in its entirety to read as follows:

     “(g) Certified copies of Requests for Information or copies (Form UCC-11) or equivalent
reports listing all effective financing statements which name the Parent, the Company or any
Subsidiary incorporated or formed in the United States (under its present name and previous
names) as debtor and which are filed in the offices of the Secretaries of State of their
respective jurisdictions of incorporation or formation, together with copies of such
financing statements.”

     c. Paragraph 5J (Pari Passu Status) of the Shelf Agreement is hereby amended by adding the
following sentence to the end thereof:

     “The Parent covenants that any and all Indebtedness owing under its Guarantee in favor
of the holders of the Notes shall rank at least pari passu with all other present and future
unsecured Indebtedness of the Parent.”

2

 

     d. Paragraph 5K (Most Favored Lender Status) of the Shelf Agreement is hereby amended by
deleting “.” at the end of the first sentence of the first paragraph and adding the following
proviso to the end thereof:

     “provided, however, that, so long as no Default or Event of Default
shall then be continuing, any such amendment of this Agreement shall be deemed to (i)
terminate automatically upon (x) the repayment in full and termination of such Indebtedness
or (y) the effective date of the deletion of such more favorable provisions in respect of
such Indebtedness pursuant to the terms of such Indebtedness or (ii) be amended
automatically and in like manner and effect upon the effectiveness of any amendment of such
more favorable provisions in respect of such Indebtedness pursuant to the terms of such
Indebtedness. In no event shall any such termination or amendment referred to in the
foregoing proviso have the effect of making this Agreement any less favorable to the holders
of the Notes than was the case prior to the incorporation of any such more favorable
provision pursuant to this paragraph.”

     For the avoidance of doubt, the parties to this Agreement hereby acknowledge and agree
that the effect of the foregoing amendment shall be to terminate more favorable provisions
incorporated in the Shelf Agreement pursuant to paragraph 5K to the extent the Indebtedness
that gave rise to the incorporation of any such provision has been terminated, or any such
provision has been deleted or amended in respect of such Indebtedness on or prior to the
date of this Agreement (and for such purposes the requirement that no Default or Event of
Default be continuing at the time of such termination, deletion or amendment shall hereby be
deemed to have been satisfied).

     e. Paragraph 5K (Most Favored Lender Status) of the Shelf Agreement is hereby further amended
by deleting the second sentence of the first paragraph and adding the following sentence in lieu
thereof:

     “Within three (3) Business Days of either the inclusion of more favorable provisions or
the deletion or amendment thereof as provided in the foregoing sentence, the Parent will
deliver an executed written conforming amendment to this Agreement effective as of the date
of such inclusion, deletion or amendment of more favorable provisions; provided,
however, that the execution and delivery of such amendment shall not be a
precondition to the effectiveness of such amendment, but shall merely be for the convenience
of the parties hereto.”

     f. Paragraph 5L (Guarantees of Subsidiaries) of the Shelf Agreement is hereby amended and
restated in its entirety to read as follows:

     “5L. Additional Guarantors. The Company shall notify the each holder of Notes at the
time that any Person becomes (a) a Material Domestic Subsidiary or (b) the parent company of
the Company, and promptly thereafter (and in any event within 30 days (in the case of the
foregoing clause (a), within 30 days of the most recently ended fiscal quarter)), cause such
Person to (i) become a Guarantor by executing and delivering to the each holder of Notes a
counterpart of an agreement evidencing its Guarantee in favor of the holders of the Notes or
such other document as the holders of Notes shall

3

 

reasonably deem appropriate for such purpose, and (ii) deliver to each holder of Notes
documents of the types referred to in paragraphs 1B(1) through (5) and (7) of this Agreement
and favorable opinions of counsel to such Person (which shall cover, among other things, the
legality, validity, binding effect and enforceability of the documentation referred to in
the foregoing clause (i)), with such agreement, documents and opinions referred to in
clauses (i) and (ii) to be all in form, content and scope reasonably satisfactory to such
holders.”

     g. Paragraph 6A(1) (Fixed Charge Coverage Ratio) of the Shelf Agreement is hereby amended and
restated in its entirety to read as follows:

     “6A(1). Consolidated Interest Coverage Ratio. The Consolidated Interest Coverage
Ratio as of the end of any fiscal quarter of the Parent to be less than 3.0-to-1.0.”

     h. Paragraph 6A(2) (Consolidated Leverage Ratio) of the Shelf Agreement is hereby amended and
restated in its entirety to read as follows:

     “6A(2). Consolidated Funded Debt Leverage Ratio. The Consolidated Funded Debt
Leverage Ratio at any time during any period of four fiscal quarters of the Parent to be
greater than 3.0-to-1.0.”

     i. Paragraph 6C (Limitations on Liens and Encumbrances) of the Shelf Agreement is hereby
amended by adding the phrase “and the Guarantees, as applicable,” immediately after the word
“Notes” in all instances the word “Notes” appears in the first paragraph and in the first two
instances the word “Notes” appears in the last paragraph.

     j. Paragraph 6C (Limitations on Liens and Encumbrances) of the Shelf Agreement is hereby
amended further by deleting “.” at the end of clause (n) and by adding at the end thereof the
following:

     “; provided that no such Liens permitted under this paragraph 6C may secure any
obligation under the Bank Agreement or under any other additional, renewed, refinanced,
refunded, restated, replacement or successor bank credit agreement of the Parent and any
direct or indirect Subsidiaries or under any other private placement facilities now or in
the future existing, as amended, renewed, refinanced, refunded, restated or replaced, of the
Parent and any direct or indirect Subsidiaries.”

     k. Paragraph 6D (Merger and Consolidation) of the Shelf Agreement is hereby amended by adding
“and” to the end of clause (a), deleting “; and” at the end of clause (b) and adding “.” in lieu
thereof, and deleting clause (c) in its entirety.

     l. A new paragraph 6D(1) is hereby added to the Shelf Agreement immediately after paragraph 6D
to read as follows:

     “6D(1). Merger and Consolidation with respect to Parent. The Parent will not
consolidate with or merge into any other corporation, or transfer its properties and assets
substantially as an entirety to any Person, unless:

4

 

     (i) the surviving corporation, if the Parent is not the survivor, is a U.S. corporation
that expressly assumes, by a written agreement satisfactory in form and substance to the
Required Holders (which agreement may require, in connection with such assumption, the
delivery of such opinions of counsel as the Required Holders may require), the obligations
of the Parent under this Agreement and its Guarantee, including all covenants herein and
therein contained, and such successor or acquiring entity shall succeed to and be
substituted for the Parent with the same effect as if it had been named herein as a party
hereto, provided, however, that no such sale shall release the Parent from any of its
obligations and liabilities under this Agreement or its Guarantee unless such sale is
followed by the complete liquidation of the Parent and substantially all the assets of the
Parent immediately following such sale are distributed to the successor or acquiring entity
in such liquidation;

     (ii) no Default or Event of Default exists or would exist after giving effect to such
merger or consolidation; and

     (iii) the Consolidated EBITDA of the surviving corporation for the period of four
fiscal quarters of the surviving corporation immediately preceding such transaction,
determined as if such transaction had occurred on the first day of such period, is at least
as great as the Consolidated EBITDA of the Parent for the same period (for the avoidance of
doubt, determined without giving effect to such transaction).”

     m. Paragraph 6G (Subsidiary Restrictions) of the Shelf Agreement is hereby amended by adding
the phrase “other than the Company” immediately after the first use of the word “Subsidiary” and
immediately before the first use of the word “to” in the paragraph.

     n. Paragraph 6H (Issuance of Stock by Subsidiaries) of the Shelf Agreement is hereby amended
by adding the phrase “other than the Company” immediately after the first use of the word
“Subsidiary” and before the first parenthetical expression in the paragraph.

     o. Paragraph 6I (Guarantees) of the Shelf Agreement is hereby amended by deleting “6A(2)” at
the end of clause (c) and inserting in its place “6B.”

     p. Paragraph 8D (Outstanding Debt) of the Shelf Agreement is hereby amended by deleting the
reference to “Consolidated Total Debt” and adding “Consolidated Funded Indebtedness” in lieu
thereof.

     q. Paragraph 10B (Other Terms) of the Shelf Agreement is hereby amended by adding (or amending
and restating in their entirety, as applicable) the following terms in their proper alphabetical
order:

     “Attributable Indebtedness” means, on any date, (a) in respect of any Capitalized Lease
of any Person, the capitalized amount thereof that would appear on a balance sheet of such
Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic
Lease Obligation, the capitalized amount of the remaining lease payments under the relevant
lease that would appear on a balance sheet of such Person prepared as of such date in
accordance with GAAP if such lease were accounted for as a Capitalized Lease.

5

 

     “Bank Agreement” shall mean that certain Credit Agreement, dated as of July 2, 2009, by
and among the Company, Bank of America, N.A. as agent and lender, and the other lenders from
time to time party thereto, as such agreement may be amended, restated, replaced or
otherwise modified from time to time.

     “Capitalized Leases” means all leases that have been or should be, in accordance with
GAAP, recorded as capitalized leases.

     “Consolidated EBIT” means, for any period, for the Parent and its direct and indirect
Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such
period plus (a) the following to the extent deducted in calculating such Consolidated Net
Income: (i) Consolidated Interest Charges; (ii) the provision for federal, state, local and
foreign income taxes payable by the Parent and its direct and indirect Subsidiaries for such
period; (iii) non-cash charges for the appreciation of ESOP shares; (iv) non-cash stock
option expenses under FASB Accounting Standards Codification 718 for such period; (v)
non-cash expenses in connection with the Company’s Top Hat Plan and Deferred Compensation
Plan for such period, to the extent such expenses are the result of increasing the
participant liabilities for said plans due to the appreciation in value of the investments
held; (vi) non-cash expenses other than temporary impairment of the Company’s Top Hat Plan
and Deferred Compensation Plan for such period, to the extent such expenses are the result
of the depreciation in value of the investments held in said plan; (vii) non-cash loss on
the disposal of fixed assets for such period; and (viii) other non-recurring expenses of the
Parent and its direct and indirect Subsidiaries reducing such Consolidated Net Income which
do not represent a cash item in such period or any future period and minus (b) the following
to the extent included in calculating such Consolidated Net Income: (i) federal, state,
local and foreign income tax credits of the Parent and its direct and indirect Subsidiaries
for such period; (ii) non-cash gains in connection with the Company’s Top Hat Plan and
Deferred Compensation Plan for such period, to the extent such gains are the result of
decreasing the participant liabilities for said plans due to the depreciation in value of
the investments held; and (iii) other non-recurring non-cash items increasing Consolidated
Net Income for such period.

     “Consolidated EBITDA” means, for any period, for the Parent and its direct and indirect
Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such
period plus (a) the following to the extent deducted in calculating such Consolidated Net
Income: (i) interest expense calculated on a GAAP basis; (ii) the provision for federal,
state, local and foreign income taxes payable by the Parent and its direct and indirect
Subsidiaries for such period; (iii) depreciation and amortization expense; (iv) non-cash
charges for the appreciation of ESOP shares; (v) non-cash stock option expenses under FASB
Accounting Standards Codification 718 for such period; (vi) non-cash expenses in connection
with the Company’s Top Hat Plan and Deferred Compensation Plan for such period, to the
extent such expenses are the result of increasing the participant liabilities for said plans
due to the appreciation in value of the investments held; (vii) non-cash expenses other than
temporary impairment of the Company’s Top Hat Plan and Deferred Compensation Plan for such
period, to the extent such expenses are the result of the depreciation in value of the
investments held; (viii) non-cash loss on the disposal of fixed assets for such period; and
(ix) other non-recurring

6

 

expenses of the Parent and its direct and indirect Subsidiaries reducing such
Consolidated Net Income which do not represent a cash item in such period or any future
period and minus (b) the following to the extent included in calculating such Consolidated
Net Income: (i) federal, state, local and foreign income tax credits of the Parent and its
direct and indirect Subsidiaries for such period; (ii) non-cash gains in connection with the
Company’s Top Hat Plan and Deferred Compensation Plan for such period, to the extent such
gains are the result of decreasing the participant liabilities for said plans due to the
depreciation in value of the investments held; and (iii) other non-recurring non-cash items
increasing Consolidated Net Income for such period.

     “Consolidated Funded Debt Leverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for
the period of the four fiscal quarters most recently ended.

For the purposes of calculating the Consolidated Funded Debt Leverage Ratio in
connection with determining compliance with the financial covenant set forth and
contained in Paragraph 6A(2) of this Agreement only, and for no other purpose, to
the extent that the Parent acquires a Person in accordance with the terms,
conditions, and provisions of this Agreement, the calculation of Consolidated EBITDA
shall include the pro forma effect of such acquisition as if such acquisition shall
have occurred on the first date of such period.

     “Consolidated Funded Indebtedness” means, as of any date of determination, for the
Parent and its direct and indirect Subsidiaries on a consolidated basis, the sum of (a) the
outstanding principal amount of all obligations, whether current or long-term, for borrowed
money (including obligations under the Bank Agreement) and all obligations evidenced by
bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase
money Indebtedness, (c) all obligations, whether contingent or otherwise, arising under
letters of credit (including standby and commercial letters of credit), bankers’
acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations in
respect of the deferred purchase price of Property or services (other than obligations to
pay the earn out portion of the purchase price for Permitted Acquisitions and trade accounts
payable in the ordinary course of business), (e) Attributable Indebtedness in respect of
Capitalized Leases and Synthetic Lease Obligations, (f) without duplication, all Guarantees
with respect to outstanding Indebtedness of the types specified in clauses (a) through (e)
above of Persons other than the Parent or any direct or indirect Subsidiary, (g) without
duplication, all Guarantees by the Parent and/or the Company of Permitted Subsidiary
Acquisition Indebtedness, and (h) all Indebtedness of the types referred to in clauses (a)
through (f) above of any partnership or joint venture (other than a joint venture that is
itself a corporation or limited liability company) in which the Parent or a direct or
indirect Subsidiary is a general partner or joint venturer, unless such Indebtedness is
expressly made non-recourse to the Parent or such direct or indirect Subsidiary.

     “Consolidated Interest Charges” means, for any period, for the Parent and its direct
and indirect Subsidiaries on a consolidated basis, all interest, premium payments, debt
discount, fees, charges and related expenses of the Parent and its direct and indirect

7

 

Subsidiaries in connection with borrowed money (including capitalized interest) or in
connection with the deferred purchase price of assets, in each case (a) paid in cash and (b)
to the extent treated as interest in accordance with GAAP.

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated EBIT for the period of the four prior fiscal quarters ending on
such date to (b) Consolidated Interest Charges for such period.

     “Consolidated Net Income” means, for any period, for the Parent and its direct and
indirect Subsidiaries on a consolidated basis, the net income of the Parent and its
Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
political subdivision of the United States.

     “ESOP” means that certain Insurance Services Office, Inc. Employee Stock Ownership Plan
established by the ESOP Trust Agreement dated January 3, 1997 as it may be amended and/or
modified from time to time.

     “Material Domestic Subsidiary” means any Domestic Subsidiary (a) which accounts for, or
is responsible for generating, ten percent (10%) or more of the consolidated operating
income or consolidated revenue of the Parent and its direct and indirect Subsidiaries, as of
the most recently ended fiscal quarter or (b) which contributed more than ten percent (10%)
of Consolidated EBITDA for the most recently ended four fiscal quarter period;
provided that no Domestic Subsidiary shall be deemed to be a Material Domestic
Subsidiary for the purposes of compliance with paragraph 5L until the earlier of (i) the
inclusion of such Domestic Subsidiary in the annual audited consolidated results of the
Parent for at least nine (9) months and such annual audited consolidated results shall have
been publicly filed in the Parent’s annual report on Form 10-K and (ii) the public filing by
the Parent of annual audited financial statements for such Domestic Subsidiary for the most
recent fiscal year, provided that the determination of whether such annual audited
financial statements for such Domestic Subsidiary are prepared and publicly filed shall be
at the sole discretion of the Parent. Notwithstanding the foregoing definition to the
contrary, the parties hereto hereby acknowledge and agree that, as of March 28, 2011, 3E
Company Environmental, Ecological and Engineering, a Delaware corporation, is not a Material
Domestic Subsidiary.

     “Parent” means Verisk Analytics, Inc., a Delaware corporation.

     “Permitted Acquisition” means any merger, consolidation, or acquisition with or of any
Person which complies with each of the following terms and conditions:

     (a) said Person must be in a line of business substantially similar to those
lines of business conducted by the Parent and its Subsidiaries as of September 10,
2010, or any business substantially related, reasonably complimentary, or incidental
thereto; and

8

 

     (b) no Default or Event of Default shall exist at the time of, or shall result
or be caused by, such merger, consolidation, or acquisition; and

     (c) all of the financial covenants set forth in paragraph 6A of this Agreement
must be complied with on both a pro forma combined basis for the then current period
and on a projected basis, and, as evidence of such compliance, the Required Holders
shall have first received from the Parent a written certificate signed by a
Responsible Officer showing, in reasonable detail, the calculation of the pro-forma
Consolidated Funded Debt Leverage Ratio of the Parent and its Subsidiaries, after
giving effect to such merger, consolidation, or acquisition; and

     (d) in the event the Parent is not the surviving Person, the surviving Person
shall be a domestic Person that expressly assumes, by a written agreement
satisfactory in form and substance to the Required Holders (which agreement may
require, in connection with such assumption, the delivery of such opinions of
counsel (who may be in-house counsel) as the Required Holders may reasonably
require), the obligations of the Parent and the Company under this Agreement,
including, without limitation, all covenants contained herein, and such successor or
acquiring Person shall succeed to and be substituted for the Parent and the Company
with the same effect as if it had been named herein as a party hereto, provided,
however, that no such sale shall release the Parent or the Company from any of their
obligations and liabilities under this Agreement unless such sale is followed by the
complete liquidation of the Parent and substantially all the assets of the Parent
immediately following such sale are distributed to the successor or acquiring Person
in such liquidation.

     “Permitted Subsidiary Acquisition Indebtedness” means Indebtedness of any Subsidiary of
the Parent which is:

     (a) owed by any Person at the time (i) such Person becomes a Subsidiary of or
is merged with or into the Parent or a Subsidiary of the Parent or (ii) a Subsidiary
acquires any Property from such Person and which Indebtedness is expressly assumed
by such Subsidiary at the time of such acquisition; provided that (A) such
Indebtedness was not created, incurred, or assumed by such Person or such Subsidiary
in contemplation of any Permitted Acquisition, (B) in the event such Indebtedness
shall be Guaranteed, such Guarantee shall be unsecured and shall be given by the
Parent and/or the Company, and (C) the principal amount of such Indebtedness shall
not be increased at any time after it is first acquired or assumed, as applicable,
or

     (b) incurred by such Subsidiary to finance or to refinance a Permitted
Acquisition; provided that (i) such Indebtedness shall be incurred substantially
simultaneously with the consummation of such Permitted Acquisition, (ii) the
principal amount of such Indebtedness incurred in connection with such Permitted
Acquisition shall not be increased at any time after it is first incurred, (iii) the
principal amount of such Indebtedness (together with any accrued interest thereon
and closing costs relating thereto) shall at no time exceed one hundred percent

9

 

(100%) of the original purchase price of such Permitted Acquisition, and (iv)
in the event such Indebtedness shall be Guaranteed, such Guarantee shall be
unsecured and shall be given by the Parent and/or the Company.

     “Property” means any real or personal property, plant, building, facility, structure,
underground storage tank, equipment or unit, or other asset owned, leased or operated by the
Parent and/or any of its direct or indirect Subsidiaries.

     “Subsidiary” shall mean, as to any Person, any corporation, association or other
business entity in which such Person or one or more of its Subsidiaries or such Person and
one or more of its Subsidiaries owns more than 50% of the total combined voting power of all
classes of Voting Stock. Unless the context otherwise clearly requires, any reference to a
“Subsidiary” is a reference to a Subsidiary of the Company or the Parent, as applicable.

     “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the
use or possession of property creating obligations that do not appear on the balance sheet
of such Person but which, upon the insolvency or bankruptcy of such Person, would be
characterized as the indebtedness of such Person (without regard to accounting treatment).

     “Top Hat and Deferred Compensation Plan” means the Supplemental Executive Retirement
Savings Plan and Supplemental Cash Balance Plan, each as amended and restated effective
January 1, 2009.

     r. The following paragraph 11U is hereby added to the Shelf Agreement after paragraph 11T:

     “11U. Certain References to “Company”. (a) All references to “Company” in paragraphs
5, 6 and 7 of this Agreement, as well as in the definitions of the defined terms as used in
such paragraphs, shall be deemed to mean the “Parent” except as follows:

     (i) all references to “Company” in the final paragraph of paragraph 5A,
paragraph 5J, paragraph 6D, the first instance of the word “Company” in paragraph
6G, the first instance of the word “Company” in paragraph 6H, clauses (g), (l) and
(m) of paragraph 6M, clauses (a), (b) and (d) of paragraph 7A, paragraph 7B, clauses
(a) and (b) of paragraph 7C and the definitions of “Bank Agreement” and “Credit
Agreements” shall remain as references to the “Company”;

     (ii) all references to “Company” in clause (d) of paragraph 6E shall be deemed
to mean “Parent and the Company” and all references to “Company” in clauses (e), (f)
and (k) of paragraph 7A shall be deemed to mean “Parent or the Company”;

     (iii) the reference to “Company’s” in clause (n) of paragraph 6C shall be
deemed to mean “Parent’s or the Company’s”; and

10

 

     (iv) the references to “Company” in the definition of “Responsible Officer”
shall be deemed to mean “Parent or the Company, as applicable; and

     (v) for the avoidance of doubt, the references to “Company” in the amendments
to this Agreement set forth in Waiver, Consent and Amendment No. 2 to Uncommitted
Master Shelf Agreement shall remain as references to the “Company”.

     (b) All references to “Company” in paragraph 11C, paragraph 11F and paragraph 11R
(other than in clause (a)(iii) or clause (b)(v)) shall be deemed to be “Parent and the
Company”, and all references to “Company” in clause (iii) of paragraph 11I and clause
(a)(iii) and clause (b)(v) of paragraph 11R shall be deemed to mean “Parent or the
Company”.”

     s. Paragraph 10C (Accounting Principles, Terms and Determinations) of the Shelf Agreement is
hereby amended by adding a new sentence to the end thereof to read as follows:

     “For purposes of determining compliance with the financial covenants contained herein,
any election by the Company to measure an item of Indebtedness using fair value (as
permitted by Accounting Standards Codification Section 825-10 or any similar accounting
standard) shall be disregarded and such determination shall be made as if such election had
not been made.”

     4. CONDITIONS TO EFFECTIVENESS.

     a. Executed Counterparts. New York Life shall have received a counterpart of this
Agreement executed by the Company and the Parent.

     b. Representations and Warranties as of March 28, 2011. The representations and
warranties contained in Section 6 below shall be true on and as of the date hereof.

     c. Legal Fees. The Company shall have paid all costs and reasonable expenses of New
York Life and the Purchasers relating to this Agreement due in accordance with paragraph 11B of the
Shelf Agreement (including, without limitation, all reasonable attorney’s fees and disbursements).

     d. Parent Guarantee. New York Life shall have received a fully executed Agreement of
Guaranty from the Parent substantially in the form of Exhibit A hereto.

     e. Amendments to Private Placement Facilities. The Purchasers shall have received
true and correct copies of fully executed amendments to each of the existing private placement
facilities maintained by the Company as of the date above first written (the “Private Placement
Amendments”) reflecting modifications to the terms thereof substantially the same as the changes
set forth in Section 3 hereof, each in form and substance reasonably satisfactory to the
Purchasers.

11

 

     f. Bank Amendment. The Purchaser shall have received a true and correct copy of the
Fourth Amendment and Modification Agreement, of even date herewith, with respect to the Bank
Agreement, executed by all parties thereto.

     g. Representations and Warranties. The representations and warranties contained in
Section 6 below shall be true on and as of the effective date of the Private Placement Amendments.

     5. AGREEMENT OF PARENT.

     By its execution of this Agreement, the Parent hereby agrees and acknowledges that it is a
party to the Shelf Agreement for all purposes.

     6. REPRESENTATIONS AND WARRANTIES.

     To induce you to enter into this Agreement, the Company and the Parent represent, warrant and
acknowledge as follows:

     a. The execution, delivery and performance by the Company and the Parent of this Agreement (i)
is within its corporate power and (ii) is legal and does not conflict with, result in any breach
of, constitute a default under, or result in the creation of any Lien upon any property of the
Parent, the Company or any Subsidiary under the provisions of: (A) any charter, instrument or bylaw
to which it is a party or by which it or any of its property may be bound, (B) any order, judgment,
decree or ruling of any court, arbitrator or governmental authority applicable to it or its
property, or (C) any agreement or instrument to which it is a party or by which it or any of its
properties may be bound or any statute or other rule or regulation of any governmental authority
applicable to it or its properties, except where such conflict, breach, default or Lien could not
reasonably be expected to have a Material Adverse Effect.

     b. This Agreement has been duly authorized, executed and delivered by a duly authorized
officer of the Company and the Parent, and constitutes the legal, valid and binding obligations of
the Company and the Parent, enforceable in accordance with its terms, except that enforceability
may be limited by applicable bankruptcy, reorganization, arrangement, insolvency, fraudulent
conveyance, moratorium or other similar laws affecting the enforceability of creditors’ rights
generally and subject to the availability of equitable remedies.

     c. After giving effect to this Agreement, no Default or Event of Default has occurred and is
continuing.

     d. No consent, approval, authorization or order of, or filing, registration or qualification
with, any court or administrative or governmental body or third party is required in connection
with the execution, delivery or performance by the Company and the Parent of this Agreement.

     e. Neither the Parent, the Company nor any of their Subsidiaries (i) is a Person described or
designated in the Specially Designated Nationals and Blocked Persons List of the Office of Foreign
Asset Control, or in Section 1 of Executive Order No. 13,224 of September 23, 2001, Blocking
Property and Prohibiting Transactions with Persons Who Commit, Threaten to

12

 

Commit or Support Terrorism, 66 U.S. Fed. Reg. 49079 (2001), as amended, or is otherwise a
Person which is the subject of United States sanctions laws and regulations or (ii) knowingly (as
such term is defined in Section 101(6) of the Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010, United States Public Law 111195, as amended from time to time, and the
rules and regulations promulgated thereunder from time to time in effect engages in any dealings or
transactions with any such Person.

     f. Neither the Parent nor the Company shall have made any payment to, or compensated in any
way, any lenders under the private placement facilities in connection with any of the Private
Placement Amendments or any lenders under the Bank Agreement.

     7. MISCELLANEOUS.

     a. Except as expressly provided herein, (i) no terms or provisions of the Shelf Agreement or
any other agreement are modified or changed by this Agreement and (ii) the terms of this Agreement
shall not operate as a waiver by the Purchasers of, or otherwise prejudice the Purchasers’ rights,
remedies or powers under, the Shelf Agreement or under any applicable law, and all of such rights,
remedies and powers are hereby expressly reserved.

     b. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of New York.

     c. The Parent and the Company agree to make such further changes to the Shelf Agreement as
shall be reasonably requested by the Required Holders to make all provisions in the Shelf Agreement
consistent with the specific changes set forth in this Agreement.

     d. This Agreement may be executed in any number of counterparts, each of which shall be an
original but all of which together shall constitute one instrument.

[signature pages follow]

13

 

     Each of the undersigned has caused this Agreement to be executed and delivered by its duly
authorized officer as an agreement under seal as of the date first above written.

	 	 	 	 	 	 	 

	 	NEW YORK LIFE INSURANCE COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kathleen Haberkern	 	 
	 

	 	 	 	 

Kathleen Haberkern
	 	 
	 

	 	 	 	Corporate Vice President	 	 
	 
	 	 	 	 	 	 
	 	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION	 	 
	 	By: New York Life Investment Management LLC, its Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kathleen Haberkern	 	 
	 

	 	 	 	 

Kathleen Haberkern
	 	 
	 

	 	 	 	Director	 	 
	 
	 	 	 	 	 	 
	 	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE ACCOUNT (BOLI 3)	 	 
	 	By: New York Life Investment Management LLC, its Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kathleen Haberkern	 	 
	 

	 	 	 	 

Kathleen Haberkern
	 	 
	 

	 	 	 	Director	 	 
	 
	 	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE ACCOUNT (BOLI 3-2)	 	 
	 	By: New York Life Investment Management LLC, its
Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kathleen Haberkern	 	 
	 

	 	 	 	 

Kathleen Haberkern
	 	 
	 

	 	 	 	Director	 	 

[ISO Shelf Agreement Waiver, Consent and Amendment]

 

 

	 	 	 	 	 	 	 

	 	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE ACCOUNT (BOLI 30C)	 	 
	 	By: New York Life Investment Management LLC, its Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kathleen Haberkern	 	 
	 

	 	 	 	 

Kathleen Haberkern
	 	 
	 

	 	 	 	Director	 	 

[ISO Shelf Agreement Waiver, Consent and Amendment]

 

 

	 	 	 	 	 

	INSURANCE SERVICES OFFICE, INC.	 	 
	 
	 	 	 	 
	By:
	 	/s/
Mark V. Anquillare	 	 
	 

Name: Mark V. Anquillare
	 	 
	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 
	VERISK ANALYTICS, INC.	 	 
	 
	 	 	 	 
	By:
	 	/s/
Mark V. Anquillare	 	 
	 

Name: Mark V. Anquillare
	 	 
	Title: Executive Vice President and Chief Financial Officer	 	 

[ISO Shelf Agreement Waiver, Consent and Amendment]

 

 

Schedule I

	1.	 	Credit Agreement, dated as of July 2, 2009 (as amended by a Letter Amendment, dated as
of August 21, 2009, Second Amendment and Modification Agreement, dated as of April 19,
2010, Third Amendment and Modification Agreement, dated as of September 10, 2010, and
Fourth Amendment and Modification Agreement, dated as of March 28, 2011), by and among the
Company, Bank of America, N.A. as agent and lender, and the other lenders from time to time
party thereto, as such agreement may be further amended, restated, replaced or otherwise
modified from time to time.
	 
	2.	 	Uncommitted Master Shelf Agreement, dated as of June 13, 2003 (as amended by Amendment
No. 1 to Note Purchase and Master Shelf Agreement, dated as of February 1, 2005, Amendment
No. 2 to Note Purchase and Master Shelf Agreement, dated as of June 1, 2005, Amendment No.
3 to Note Purchase and Master Shelf Agreement, dated as of January 23, 2006, Waiver and
Amendment No. 4 to Uncommitted Master Shelf Agreement, dated as of February 28, 2007,
Amendment No. 5 to Uncommitted Master Shelf Agreement, dated as of August 30, 2010, and as
further amended from time to time), by and among Insurance Services Office, Inc., a
Delaware corporation, The Prudential Insurance Company of America, Pruco Life Insurance
Company, Pruco Life Insurance Company of New Jersey, Prudential Retirement Insurance and
Annuity Company, Prudential Annuities Life Assurance Corporation (formerly American Skandia
Life Assurance Corporation), Gibraltar Life Insurance Co., Ltd., American Bankers Insurance
Company of Florida, Inc., RGA Reinsurance Company, United of Omaha Life Insurance Company
and each Prudential Affiliate (as defined therein) which has become bound by certain
provisions thereof, and Prudential Investment Management, Inc.
	 
	3.	 	Uncommitted Master Shelf Agreement, dated as of July 10, 2006 (as amended by an
Amendment and Waiver dated as of December 29, 2006, and as further amended from time to
time), by and among Insurance Services Office, Inc., a Delaware corporation, Principal Life
Insurance Company and each Principal Affiliate (as defined therein) which has become bound
by certain provisions thereof, and Principal Global Investors, LLC.
	 
	4.	 	Uncommitted Master Shelf Agreement, dated as of December 10, 2008, (as may be amended from
time to time), by and among Insurance Services Office, Inc., a Delaware corporation, Aviva
Investors North America Inc. and each of the Aviva Affiliates (as defined therein) which has
become bound by certain provisions thereof.

I-1

 

Exhibit A

FORM OF AGREEMENT OF GUARANTY

     THIS AGREEMENT OF GUARANTY (hereinafter, as it may be from time to time amended, modified,
refinanced, extended, renewed and/or supplemented, referred to as this “Agreement of
Guaranty”), is made the [ ] day of March, 2011 by

     VERISK ANALYTICS, INC., a corporation duly organized, validly existing in good standing under
the laws of the State of Delaware having its principal office located at 545 Washington Boulevard,
Jersey City, New Jersey 07310-1686 (the “Corporate Guarantor”);

     IN FAVOR OF

     New York Life Insurance Company (“New York Life”) and each of the New York Life
Affiliates (as defined in the Note Agreement as defined below) which has become bound by certain
provisions of the Note Agreement (as provided therein) (together with New York Life, the
“Holders”), so long as they shall hold any Notes (as defined below) from time to time
issued by Insurance Services Office, Inc. a Delaware corporation (the “Borrower”) under
that certain Uncommitted Master Shelf Agreement, dated as of March 16, 2007, (as amended by First
Amendment to Uncommitted Master Shelf Agreement, dated as of March 16, 2010, Waiver, Consent and
Amendment No. 2 to Uncommitted Master Shelf Agreement dated as of the date above first written and
as further amended from time to time, the “Note Agreement”) by and between the Borrower and
Holders relating to the issuance by the Borrower and the purchase by the Holders of (i) each of the
Borrower’s 5.87% Series A Senior Notes due October 26, 2013 and October 26, 2015, respectively (the
“Series A Notes”) and (ii) the Borrower’s 6.35% Series B Senior Notes due April 29, 2015
(the “Series B Notes” and the issuance by the Borrower and the purchase by the Holders from
time to time of additional Shelf Notes (as defined in the Note Agreement) (such additional Shelf
Notes, together with the Series A Notes and the Series B Notes are referred to herein, as amended
or supplemented from time to time, collectively, as the “Notes”).

W I T N E S S E T H:

     WHEREAS, defined terms used but not expressly defined herein shall have the same meanings when
used herein as set forth in the Note Agreement.

     WHEREAS, in satisfaction of the condition to the waiver by the Purchasers set forth in Section
(1)(b) of the Waiver, Consent and Amendment No. 2 to Uncommitted Master Shelf Agreement (the
“Amendment”), dated as of the date above first written, the Corporate Guarantor has agreed
to enter into and execute this Agreement of Guaranty, hereby guarantying the full, prompt and
unconditional payment when due of any “Liabilities of the Borrower” (as such term is hereinafter
defined) due and owing to the Holders in connection with the Notes, and the full and complete
performance of all other monetary and non-monetary obligations of the Borrower with respect to the
Notes.

A-1

 

     NOW, THEREFORE, THE CORPORATE GUARANTOR, HEREBY ABSOLUTELY AND UNCONDITIONALLY, REPRESENTS,
WARRANTS AND COVENANTS AS FOLLOWS:

     1. The Corporate Guarantor hereby irrevocably guarantees the full, prompt and unconditional
payment of each and every Liability of the Borrower owing to the Holders, when and as the same
shall become due, whether at the stated maturity date, by acceleration or otherwise, including,
without limitation, the full, prompt, and unconditional performance of each and every term and
condition of any transaction to be kept and performed by the Borrower under the Note Agreement and
the Notes (including, without limitation, interest accruing on the Notes after the commencement of
a bankruptcy proceeding by or against the Company, regardless of whether such interest would be an
allowed claim against the Company in such proceeding). This Agreement of Guaranty is a primary
obligation of the Corporate Guarantor and shall be a continuing and inexhaustible agreement of
guaranty. In the event any of the Liabilities of the Borrower shall not be paid according to their
terms, the Corporate Guarantor shall immediately pay the same, this Agreement of Guaranty being a
guaranty of full payment and not collectability.

     The term “Liability of the Borrower” or “Liabilities of the Borrower” shall include all
obligations and liabilities of the Borrower owed to the Holders in connection with the Notes,
whether direct or indirect, absolute or contingent, joint or several, now or hereafter existing,
due or to become due, to, and all obligations and liabilities of any successor of the Borrower owed
to the Holders in connection with the Notes, whether direct or indirect, absolute or contingent,
joint or several, now or hereafter existing, due or to become due, to, or held by, the Holders.

     2. The Corporate Guarantor hereby represents and warrants that the financial statements
contained in the Corporate Guarantor’s annual report on Form 10-K for the year ended December 31,
2010 (i) are true, correct and complete in all material respects, fairly represent, in all material
respects, the Corporate Guarantor’s financial condition as of the date thereof, and no material
adverse change has occurred in the Corporate Guarantor’s financial condition reflected therein
since the dates thereof and (ii) no information has been omitted which would make the information
previously furnished in such reports and financial statements misleading or incorrect in any
material respect.

     3. The Corporate Guarantor hereby represents and warrants that (i) it is a corporation duly
organized, validly existing and in good standing under the laws of its State of incorporation and
that it is authorized to conduct its business in, and is in good standing under the laws of, each
other jurisdiction wherein its ownership of property or conduct of business legally requires such
authorization, licensing or qualification, except where the failure to be so authorized or in good
standing would not reasonably be expected to result in a material adverse effect on the Corporate
Guarantor, and (ii) it has all requisite power, authority, franchises and licenses to (a) execute
and deliver this Agreement of Guaranty and any other document, agreement, certificate or instrument
to which it is a party or by which it is bound and in connection with the Notes and to consummate
the transactions and perform its obligations hereunder and thereunder and (b) own its properties
and assets and to carry on and conduct its business as presently conducted or proposed to be
conducted. All necessary action to authorize the execution, delivery and

A-2

 

performance of this Agreement of Guaranty and to consummate the transactions contemplated
hereunder and thereunder has been taken by the Corporate Guarantor.

     4. The Corporate Guarantor hereby represents and warrants that neither the execution and
delivery of this Agreement of Guaranty nor any other document, agreement, certificate and
instrument to which it is a party or by which it is bound in connection with the Notes, nor the
consummation of the transactions contemplated hereunder or thereunder or the compliance with or
performance of the terms and conditions herein or therein will result in the creation or imposition
of any lien, charge or encumbrance of any nature whatsoever upon any of the property or assets of
the Corporate Guarantor, except as permitted in or anticipated by this Agreement of Guaranty, or is
prevented by, limited by, conflicts with or will result in the breach or violation of or a default
under the terms, conditions or provisions of (i) the Corporate Guarantor’s Articles of
Incorporation, Bylaws, and/or any of the Corporate Guarantor’s other corporate governing documents,
(ii) any indenture, evidence of indebtedness, loan or financing agreement, or other agreement or
instrument of whatever nature to which the Corporate Guarantor is a party or by which the Corporate
Guarantor is bound or (iii) any provision of any existing law, rule, regulation, order, writ,
injunction or decree of any court or governmental authority to which the Corporate Guarantor is
subject, except for any such breach, violation, or default with respect to the foregoing
clauses (ii) and (iii) which would not reasonably be expected to result in a
material adverse effect.

     5. The Corporate Guarantor hereby represents and warrants that it is not a party to any
action, suit, proceeding, inquiry, hearing or investigation pending, or within the best of its
knowledge, threatened, in any court of law or in equity, or before or by any governmental authority
wherein there is a reasonable probability that an unfavorable determination, decision, decree,
ruling or finding would (i) result in any material adverse change in the business, assets,
liabilities, financial condition, properties or operations of the Corporate Guarantor, (ii)
materially adversely affect the transactions contemplated by this Agreement of Guaranty and its
ability to perform its obligations hereunder or (iii) adversely affect the validity or
enforceability of this Agreement of Guaranty. The Corporate Guarantor hereby represents and
warrants that to the best of its knowledge, it is not in violation of or default with respect to
any order, writ, injunction, decree or demand of any such court or Governmental Authority, except
for any such violation or default which would not reasonably be expected to result in a material
adverse effect.

     6. The Corporate Guarantor hereby represents and warrants that (i) all consents, approvals,
orders or authorizations of, or registrations, declarations or filings with any Governmental
Authority which are required in connection with the valid execution and delivery of this Agreement
of Guaranty, and the carrying out or performance of any of the transactions required or
contemplated hereunder to be performed by it, have been obtained or accomplished and are in full
force and effect and (ii) to the best of its knowledge, all timely consents, approvals, orders or
authorizations of, or registrations, declarations or filings with any Governmental Authority which
are required in connection with the issuance of the Notes have been obtained or accomplished and
are in full force and effect, or can be obtained by the Borrower.

     7. The Corporate Guarantor hereby represents and warrants that (i) the assumption of its
obligations hereunder will result in material benefits to it and (ii) this Agreement of

A-3

 

Guaranty when executed and delivered will constitute a legal, valid and binding obligation on
its part, enforceable against the Corporate Guarantor in accordance with its terms, subject, as to
enforcement of remedies only, to any applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance, and similar laws of general application at the time in effect and general
principles of equity.

     8. The Corporate Guarantor hereby waives notice of acceptance of this Agreement of Guaranty
and notice of any Liability of the Borrower to which it may apply, and waives notice of default,
non-payment, partial payment, presentment, demand, protest, notice of protest or dishonor and all
other notices to which guarantors might otherwise be entitled, or which might be required by law
and required to be given by the Holders, including, without limitation, all defenses based on
suretyship or impairment of collateral (the Corporate Guarantor and the Holders intending this
waiver to have the effects described in Section 48 of the Restatements (Third) of the Law of
Suretyship and Guaranty).

     9. The Corporate Guarantor’s liability hereunder shall be in no way affected, diminished or
released by (i) any amendment, change or modification of the provisions of the Notes or the Note
Agreement, (ii) any extensions of time for performance required thereby, (iii) the release of the
Borrower from performance or observation of any of the agreements, covenants, terms or conditions
contained in any of said instruments by the Holders or by operation of law, whether made with or
without notice to the Corporate Guarantor, (iv) acceptance by the Holders of additional security or
any increase, substitution or changes therein, (v) the release by the Holders of any security or
any withdrawal thereof or decrease therein or (vi) any other event or circumstance which might
otherwise constitute a defense to the obligations hereunder to any of the Liabilities of the
Borrower or to the obligations of others related hereto or thereto and the undersigned irrevocably
waives the right to assert defenses, set-offs and counterclaims in any litigation relating to this
guaranty and the Liabilities of the Borrower.

     10. Without incurring responsibility to the Corporate Guarantor and without impairing or
releasing the obligations of the Corporate Guarantor hereunder, the Holders may at any time and
from time to time without the consent of, or notice to the Corporate Guarantor, upon any terms or
conditions and in whole or in part:

          (i) change the manner, place or terms of payment and/or change or extend the time for payment
or renew or alter, any Liability of the Borrower or any security therefor, and the guaranty herein
made shall apply to the Liabilities of the Borrower as so changed, extended, renewed or altered;

          (ii) sell, exchange, release, surrender, realize upon or otherwise deal with in any manner and
in any order any property by whomsoever at any time pledged, mortgaged or in which a security
interest is given to secure, or howsoever securing, the Liabilities of the Borrower;

          (iii) exercise or refrain from exercising any rights against the Borrower or others (including
the Corporate Guarantor) or against the security, or otherwise act or refrain from acting;

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          (iv) settle or compromise any Liability of the Borrower, dispose of any security for any
Liability of the Borrower, with or without consideration, or any liability incurred directly or
indirectly in respect of any Liability of the Borrower or this Agreement of Guaranty, and may
subordinate the payment of all or any part thereof to the payment of any Liability of the Borrower
(whether due or not) to creditors of the Borrower other than the Holders and the Corporate
Guarantor; and

          (v) apply any sums by whomsoever paid or howsoever realized to any Liability of the Borrower.

     11. No invalidity, irregularity or unenforceability of all or any part of any Liability of the
Borrower or the impairment or loss of any security therefor, whether caused by any actions or
inactions of the Holders, or otherwise, shall affect, impair or be a defense to this Agreement of
Guaranty.

     12. The Corporate Guarantor hereby waives any right or claim of right to cause a marshalling
of the Borrower’s assets or to cause the Holders to proceed against any of the security or
collateral held by the Holders before proceeding against the Corporate Guarantor, and the Corporate
Guarantor hereby waives any and all legal requirement that the Holders shall institute any action
at law or in equity against the Borrower, or anyone else, with respect to the Notes or with respect
to any security held by the Holders, as a condition precedent to bringing any action against the
Corporate Guarantor upon this Agreement of Guaranty.

     13. Until all Liabilities of the Borrower shall have been indefeasibly paid in full, the
Corporate Guarantor hereby irrevocably waives and relinquishes any and all statutory, contractual,
common law, equitable or other claims and rights (i) to seek reimbursement, contribution,
indemnification, set-off or other recourse from or against the Borrower in connection with any
payments made by the Corporate Guarantor under this Agreement of Guaranty and (ii) to be subrogated
to the Holders’ rights under the Notes upon the Corporate Guarantor’s performance under this
Agreement of Guaranty.

     14. Until termination, this Agreement of Guaranty is made and shall continue as to any
Liability of the Borrower to the Holders without regard to the existence of other collateral or
security or guaranties, if any, or to the validity or effectiveness of any or all thereof; and any
or all such collateral and security and guaranties may, from time to time, without notice to or
consent of the Corporate Guarantor, be sold, released, surrendered, exchanged, settled,
compromised, waived, subordinated or modified, with or without consideration, on such terms and
conditions as may be acceptable to the Holders without in any manner affecting or impairing the
liability of the Corporate Guarantor. The Corporate Guarantor’s obligations under this Agreement of
Guaranty shall extend to any and all monies advanced by the Holders pursuant to the Notes and the
Note Agreement.

     15. The Corporate Guarantor hereby covenants and agrees that it shall furnish, or cause to be
furnished, to the Holders the financial information required by the terms of the Note Agreement.

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     16. If claim is ever made upon a Holder for repayment or recovery of any amount or amounts
received by such Holder in payment for, or on account of, any of the Liabilities of the Borrower,
and such Holder repays all or part of said amount by reason of (i) any judgment, decree or order of
any court or administrative body having jurisdiction over such Holder or any of its property, or
(ii) any settlement or compromise of any such claim affected by such Holder with any such claimant
(including the Borrower), then, and in such event, the Corporate Guarantor hereby agrees that any
such judgment, decree, order, settlement or compromise shall be binding upon it, notwithstanding
the cancellation of any note or any other instrument evidencing any Liability of the Borrower and
the Corporate Guarantor shall be and remain liable to such Holder hereunder for the amount so
repaid or recovered to the same extent as if such amount had never originally been received by such
Holder.

     17. Settlement of any claim by a Holder against the Borrower, whether in any proceeding or
not, and whether voluntary or involuntary, shall not reduce the amount due under the terms of this
Agreement of Guaranty except to the extent of the amount paid by the Borrower in connection with
the settlement.

     18. No delay on the part of a Holder in exercising any of its rights, powers or privileges or
partial or single exercise thereof under the Notes, this Agreement of Guaranty or any other
document made to or with such Holder by the Borrower shall operate as a waiver of any such
privileges, powers or rights. No waiver of any of its rights hereunder, and no modification or
amendment of this Agreement of Guaranty, shall be deemed to be made by a Holder unless the same
shall be in writing, duly signed on behalf of such Holder, by a duly authorized officer, and each
such waiver, if any, shall apply only with respect to the specific instance involved, and shall in
no way impair the rights of such Holder or the obligations of the Corporate Guarantor to such
Holder in any other respect at any other time.

     19. All rights, powers and remedies afforded to a Holder by reason of this Agreement of
Guaranty are separate and cumulative remedies and no one of such remedies whether or not exercised
by such Holder shall be deemed to exclude any of the other remedies available to such Holder nor
prejudice availability of any other legal or equitable remedy which such Holder may have with
respect to the Notes.

     20. This Agreement of Guaranty shall be governed by and construed and interpreted in
accordance with, the laws of the State of New York and no defense given or allowed by the laws of
any other state or country shall be interposed in any action or proceeding hereon unless such
defense is also given or allowed by the laws of the State of New York. A Holder may bring any
action or proceeding to enforce or arising out of this Agreement of Guaranty in any court of
competent jurisdiction. If the Holder commences such an action in a court located in the County of
New York, State of New York, or any United States District Court in the Southern District of New
York, the Corporate Guarantor hereby agrees that it will submit to the personal jurisdiction of
such courts and will not attempt to have such action dismissed, abated or transferred on the ground
of forum non conveniens, and in furtherance of such agreement, the Corporate Guarantor hereby
agrees and consents that without limiting other methods of obtaining jurisdiction, personal
jurisdiction over it in any such action or proceeding may be obtained within or without the
jurisdiction of any court located in the State of New York and that any process or notice of motion
or other application to any such court in connection with any such action or proceeding

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may be served upon the Corporate Guarantor by registered mail to or by personal service at the
last known address of the Corporate Guarantor; provided, however, that nothing
contained herein shall prohibit the Corporate Guarantor from seeking, by appropriate motion, to
remove an action brought in the New York state court to the United States District Court for the
Southern District of New York. If such action is so removed, however, the Corporate Guarantor shall
not seek to transfer such action to any other district, nor shall the Corporate Guarantor seek to
transfer to any other district any action which a Holder originally commences in such Federal
court. Any action or proceeding brought by the Corporate Guarantor arising out of this Agreement of
Guaranty shall be brought solely in a court of competent jurisdiction located in the County of New
York, State of New York, or in a United States District Court in the Southern District of New York.
The Corporate Guarantor hereby waives any right to seek removal of any action or proceeding other
than as permitted according to this Paragraph 20.

     21. This Agreement of Guaranty shall be binding upon and inure to the benefit of and be
enforceable by the parties hereto and their respective successors and assigns.

     22. This Agreement of Guaranty shall terminate upon the termination of the Notes in accordance
with their terms. The Borrower or the Corporate Guarantor may terminate this Agreement of Guaranty
and the Notes and all other obligations of the Borrower or the Corporate Guarantor to the Holders
under the Notes, the Note Agreement or this Agreement of Guaranty, by paying to the Holders all
sums due and owing to the Holders hereunder and under the Notes and the Note Agreement.

     23. Unless otherwise indicated differently, all notices, payments, requests, reports,
information or demands which any party hereto may desire or may be required to give to any other
party hereunder, shall be in writing and shall be personally delivered or sent by confirmed
telecopy transmission or first-class certified or registered United States mail, postage prepaid,
return receipt requested, and sent to the party at its address appearing at the beginning of this
Agreement of Guaranty, or such other address as any party shall hereafter inform the other party
hereto by written notice given as aforesaid. All notices, payments, requests, reports, information
or demands so given shall be deemed effective upon receipt or, if mailed, upon receipt or the
expiration of the third (3rd) day following the date of mailing, whichever occurs first, except
that any notice of change in address shall be effective only upon receipt by the party to whom said
notice is addressed. A failure to send the requisite copies does not invalidate an otherwise
properly sent notice to the Corporate Guarantor and/or the Holders.

     24. In case of any proceedings to collect any liabilities of the Corporate Guarantor owed to
the Holders hereunder, the Corporate Guarantor shall pay all costs and expenses of every kind for
collection, sale or delivery of any collateral or assets or properties of the Corporate Guarantor,
including reasonable attorneys’ fees, and after deducting such costs and expenses from the proceeds
of sale or collection, the Holders may apply any residue to the liabilities of the Corporate
Guarantor, who shall continue to be liable for any deficiency, with interest at the rate provided
for in the Notes and/or the Note Agreement.

     25. In all references herein to any parties, persons, entities or corporations, the use of any
particular gender or the plural or singular number is intended to include the appropriate gender or
number as the text of the within instrument may require.

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     26. The Corporate Guarantor hereby acknowledges and agrees that it shall have the sole
responsibility for obtaining from the Borrower such information concerning the Borrower’s financial
condition and business operations as the Corporate Guarantor may require, and that the Holders have
no duty at any time to disclose to the Corporate Guarantor any information relating to the business
operations or financial condition of the Borrower.

     27. THE CORPORATE GUARANTOR AND THE HOLDERS HEREBY WAIVE ANY AND ALL RIGHTS THAT THEY MAY NOW
OR HEREAFTER HAVE, POSSESS AND ENJOY UNDER THE LAWS OF THE UNITED STATES OF AMERICA OR ANY STATE,
TO A TRIAL BY JURY OF ANY AND ALL ISSUES ARISING EITHER DIRECTLY OR INDIRECTLY IN ANY ACTION OR
PROCEEDING BETWEEN THE CORPORATE GUARANTOR AND THE HOLDERS OR THEIR RESPECTIVE SUCCESSORS AND
ASSIGNS, OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT OF GUARANTY. IT IS INTENDED THAT SAID
WAIVER OF JURY TRIAL SHALL APPLY TO ANY AND ALL DEFENSES, RIGHTS, AND/OR COUNTERCLAIMS IN ANY
ACTION OR PROCEEDING. THE CORPORATE GUARANTOR AND THE HOLDERS RECOGNIZE THAT ANY DISPUTE ARISING IN
CONNECTION WITH THE NOTE AGREEMENT IS LIKELY TO BE COMPLEX AND CONSEQUENTLY THEY WISH TO STREAMLINE
AND MINIMIZE THE COST OF THE DISPUTE RESOLUTION PROCESS BY AGREEING TO WAIVE THEIR RIGHTS TO A JURY
TRIAL.

     28. The Corporate Guarantor hereby represents and warrants that other than its guaranty of the
obligations of Borrower listed on the attached Schedule 28, it has not guaranteed or
otherwise obligated itself to perform the obligations of Borrower or of any other entity. The
Corporate Guarantor agrees that it will notify the Holders promptly if it guarantees or otherwise
obligates itself to perform any other obligations of Borrower or any other entity other than as
listed on Schedule 28.

[Signatures on the following pages]

A-8

 

     IN WITNESS WHEREOF, the Corporate Guarantor has caused this Agreement of Guaranty to be duly
executed and delivered by its appropriate authorized corporate officers, all as of the day and year
first above written.

	 	 	 	 	 	 	 	 	 

	ATTEST:	 	VERISK ANALYTICS, INC.,	 	 
	 	 	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 	 	 
	Name:

	 	 

Kenneth E. Thompson
	 	Name:	 	 

 Mark V. Anquillare
	 	 
	 

	 	Executive Vice President,
	 	Title: 	 	Executive Vice President and	 	 
	 

	 	General Counsel and
	 	 	 	Chief Financial Officer	 	 
	 

	 	Corporate Secretary	 	 	 	 	 	 

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SCHEDULE 28

(List of Guarantees)

Guarantees in respect of (1) any committed or uncommitted revolving credit loan facilities and/or
lines of credit made available to the Borrower pursuant to the Credit Agreement, dated as of July
2, 2009 (as amended, restated, replaced or otherwise modified from time to time) by and among the
Borrower, Bank of America, N.A. as agent and lender, and the other lenders party thereto, (2) any
Indebtedness incurred pursuant to the Borrower’s Uncommitted Master Shelf Agreements with each of
Prudential Investment Management, Inc., Principal Global Investors, LLC and Aviva Investors North
America Inc. and/or their affiliates, the foregoing as amended or supplemented from time to time
and (3) guarantees in respect of any Offering (as defined in the Amendment).

A-10

 

Exhibit B

Bank Agreement

B-1

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