JERSEY CITY, N.J., and Lexington, Mass., July 21, 2010 — ISO and Atmospheric and Environmental Research (AER) announce that ISO ClaimSearch® now offers a series of instant online Weather Forensic Reports to help insurers evaluate claims related to severe weather conditions. The reports feature key weather data and mapping of hail, lightning strikes, damaging winds, and tornado activity for a specific time period and geographic area. The new reports are available through the Decision Net® claims information portal.
The new Decision Net products leverage the world-renowned knowledge, experience, and resources of AER. AER is a premier authority in the field of weather, climate, and environmental science and data analytics, serving the planning and operational needs of industries and governments around the globe. Both AER and ISO are subsidiaries of Verisk Analytics.
"Through our new reports, which use hail, lightning, wind, and tornado data mapped by AER, claims and investigations personnel can access targeted, insightful information on severe weather events by locations and dates," said John Deegan, product development manager, ISO ClaimSearch. "The reports offer support for claims evaluation and will provide particular value to special investigations."
"The Weather Forensic Reports enable claim adjustors to improve customer satisfaction by quickly analyzing weather-related claims and decreasing response time to policyholders," said Steve Massa, director of data services, Atmospheric and Environmental Research. "Insurers can improve financial performance through reduced costs, since the reports make it easy to process legitimate claims while rapidly spotting and minimizing potentially fraudulent claims."
The following Weather Forensic Reports are available through Decision Net for a nominal fee: hail verification, lightning strike, wind assessment, and tornado assessment. The reports on Decision Net feature free updates for viewing for up to 30 days. Each time a report is accessed on the ISO ClaimSearch website, a fresh report reflecting any new and updated on-site observations and severe weather findings is provided.
For more information on Weather Forensic Reports, contact ISO ClaimSearch Customer Support at 1-800-888-4476 or send e-mail to email@example.com.
About ISO ClaimSearch
ISO ClaimSearch serves hundreds of participants, supporting their claims-adjudication and fraud-detection activities. Participants include insurers representing 93 percent of the property/casualty insurance industry; hundreds of public and private self-insureds, including municipalities, government agencies, and Fortune 500 companies; state workers compensation insurance funds; third-party administrators (TPAs); several state fraud bureaus; and many law enforcement agencies involved in investigation and prosecution of insurance fraud. The system also provides a range of compliance support functions to assist participants in meeting mandatory and voluntary reporting requirements in many jurisdictions.
Atmospheric and Environmental Research (AER) is a leading environmental research, software, and consulting firm specializing in applying climate science and modeling, weather analytics and risk assessment, satellite remote sensing, and atmospheric research to help solve the real-world challenges of industry and government. AER customers include many of the largest energy, financial services, and insurance companies in the United States as well as the National Aeronautics and Space Administration, National Oceanic and Atmospheric Administration, and the Departments of Defense and Energy. Headquartered in Lexington, Massachusetts, AER was established in 1977 and is a subsidiary of Verisk Analytics. For more information, visit www.aer.com.
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial, underwriting, and claims information; policy language; information about specific locations; fraud-identification tools; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a subsidiary of Verisk Analytics. For more information, visit www.verisk.com/iso and www.verisk.com.