Verisk — insurance solutions blog

Verisk Insurance Solutions 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.

Dangerous Driving Is Costing Billions

Cars today are safer than ever. Yet Americans are driving more dangerously, and it’s costing billions in property damage and lost quality of life.

Performant Awarded CMS Commercial Repayment Center Contract

It was announced on October 5, 2017, that the Centers for Medicare and Medicaid Services (CMS) awarded Performant Financial Corporation (Performant) the Commercial Repayment Center (CRC) contract.

Expansion of Medicaid Secondary Payer Poses New Compliance Challenges

After numerous delays, it appears inevitable that the expansion of Medicaid Secondary Payer rights will begin on October 1, 2017. The 2013 Bipartisan Budget Act (H.J. Res. 59; Pub. L. 113–67) included the provision to enable states to recover Medicaid expenditures from an entire settlement amount, rather than just those dollars apportioned to medical expenses, as previously held by case law. However, legislative delays resulted in implementation being postponed from October 1, 2014, to this year.

Countdown to “Full and Final” Settlements: Arizona S.B. 1332

The recent passage of Arizona Senate Bill (S.B.) 1332 provides Arizona claims payers with unprecedented opportunity, finally, to close out their workers’ compensation claims. Under this new law, parties will now be able to reach “full and final” settlement of certain workers’ compensation claims beginning October 31, 2017.

Integrating for Excellence: ISO Workers’ Compensation Solutions Now Part of ISO Claims Partners

ISO Claims Partners and ISO Workers’ Compensation (WC) Solutions have joined forces. Our customers will benefit from improved analytics, integrated data platforms, and a better user experience. The...

What’s Next for the WCRC? New Contract Awarded to Capitol Bridge, LLC

Since the Workers’ Compensation Review Contractor (WCRC) contract renewal process began in December 2016, the industry has been awaiting news: whether Provider Resources, Inc. (PRI) would be renewe...

September 2017 Preview: Historical Catastrophe Activity

The Atlantic hurricane season traditionally runs from June 1 to November 30. While forecasters have predicted a relatively normal hurricane season for this fall, the season is already on pace with...

Al Faber Receives IAIABC NextGen Award for Workers’ Comp Achievements

We are pleased to announce that the International Association of Industrial Accident Boards and Commissions (IAIABC) has selected Alfred Faber, director and division head of ISO Workers’ Compensati...

Mississippi Insurance Verification System ready to launch

After testing a new insurance verification system in a months-long pilot with several insurers, Mississippi is ready to implement the new system, with a launch date set for Sept. 5, 2017. The...

Louisiana tracking uninsured motorists

In an effort to decrease the high number of uninsured motorists in Louisiana, the state has begun issuing fines to motorists detected as not having insurance coverage through the use of license pla...