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.

The CMS WCMSA "Amended Review Process" New Opportunity to Reduce WCMSA Allocations and Settle Claims

For years, the Centers for Medicare and Medicaid Services (CMS) has refused to consider medical evidence postdating the original submission date of a Workers’ Compensation Medicare Set-Aside (WCMSA) proposal.

Mind the Gap: Filling the Experience Void in Claims Settlements

The experience shortage on the horizon for insurance carriers has been well documented. Today, less than a third of the current insurance workforce is under 35 years old, 1 and it’s predicted that...

Rhode Island notification process

The Rhode Island Department of Motor Vehicles (DMV) issues three notices to motorists when proof of auto liability coverage is not found for a vehicle.

A Businessowner’s Halloween Nightmare

The rain began on a Tuesday. At first, it was soft and light and even welcome after a hot and arid summer. But as the days wore on, the drizzle became a deluge that showed no sign of stopping. The...

Data quality is a must for UK—and all—insurers

In January 2016, the European directive known as Solvency II went into effect—and created quite a challenge for European insurers, including those in the United Kingdom. The directive lets financia...

Liability MSA Update

On October 26, 2017, the Centers for Medicare and Medicaid Services (CMS) has released its latest update regarding the LMSA issue. This new notice provides no substantive or policy information...

Illinois ALIR legislation signed

Illinois House Bill 2610 was signed by Governor Bruce Rauner on August 25, 2017.

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.