Verisk Blog— Insurance Solutions

Verisk's insurance solutions team is a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, we provide policy language, tools for fighting fraud, predictive modeling of risk, and much more.

We've created this blog to inform, update, and provide interesting information for our customers and the market overall. A variety of Verisk associates write the blog posts, and we welcome our customers' comments and feedback.

CMS Hosts Medicare Secondary Payer Recovery Portal (MSPRP) Webinar

On August 16, 2018, the Centers for Medicare and Medicaid Services (CMS) hosted a webinar focusing on its Medicare Secondary Payer Recovery Portal (MSPRP). The MSPRP is CMS’ web-based application...

Workers’ Compensation Medicare Set-Aside Companion Bill Filed in House of Representatives

On July 26, 2018, Representative David Reichert (R-WA) and Representative Mike Thompson (D-CA) introduced H.R. 6619- Medicare Secondary Payer and Workers’ Compensation Settlement Agreements Act of...

Maine introduces non-binary driver gender designation option

Maine is now the fourth state to introduce the of option of a non-binary gender designation on driver’s licenses and identification cards. With the completion of a Gender Designation Form, the Bureau of Motor Vehicles (BMV) will now issue stickers for identification cards that will read “Gender has been changed to X- Non-binary.”

Illinois legislation requires out-of-state auto coverage

Illinois Governor Bruce Rauner is expected to sign legislation requiring vehicles registered out of state to be covered by liability insurance when driven in Illinois.

Michigan allows electronic proof of auto insurance liability coverage

Michigan Governor Rick Snyder signed legislation authorizing the electronic delivery of certain notices and documents relating to insurance policies, including auto insurance ID cards.

Drug Formularies Continue to Expand in Workers’ Comp Systems

Balancing rising medical and pharmaceutical costs with appropriate and timely treatment for injured workers has been an ongoing struggle for workers’ compensation professionals. But recent trends...

Millennial impact: Preparing for the generational shift in workers’ comp

Workplace demographics are rapidly changing, and if insurers don’t prepare, they’ll face significant challenges. Millennials will make up 75 percent of the workforce by 2025. [1] For insurers, this...

Approaching the 2018 Hurricane Season Peak

The Atlantic hurricane season is here; in fact, hurricane season officially runs from June 1 to November 30. This post will take a look at the 2018 Forecast.

Minor changes in newly released Medicare Secondary Payer Recovery Portal User Guide

The Centers for Medicare and Medicaid Services (CMS) has released an updated version of its Medicare Secondary Payer Recovery Portal (MSPRP) User Guide (Version 4.2). The changes are minor and...

A Look at the 2018 Severe Weather Season

Slow Start to the Season… During this spring and early summer, regions prone to severe thunderstorms saw significantly fewer storms. Oklahoma did not even have a confirmed tornado until May 1 st –...