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.

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.

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.

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 – that’s a...

Decrease in uninsured drivers—Minnesota

Minnesota The Duluth News Tribune reported a decrease in the number of uninsured drivers in Minnesota. State records show the number of people charged with not carrying auto insurance has dropped by one-third in the...

West Virginia Online Verification System (WVOLV)

West Virginia “The WV Division of Motor Vehicles (WVDMV) is establishing an online insurance verification program (WVOLV) to be used by law enforcement, the judicial system, and DMV,” the division stated on its websit...

Alaska Insurance Verification System (AKIVS)

Alaska Alaska Statute 28.22.031 generally calls for the Alaska Division of Insurance’s development and implementation of a system for automobile liability insurance reporting (ALIR). The state chose MV Solutions to...

Blockchain: Getting Smarter than Smart Contracts

Admittedly, my interest in blockchain has been fairly narrow. Given the role of PCS® in the global industry loss warranty ( ILW ) market, I’ve been particularly focused on how blockchain-enabled smart contracts could...

Will Catastrophe Bonds Experience a “Retail Revolution”?

During a track at the IFoA Asia Conference 2018 last week, a speaker laid out a “future state” vision that included access to insurance-linked securities (ILS)—or at least some version of ILS—for retail investors. I’v...

Severe Thunderstorm Season Begins to Ramp Up

After a slow start to the season, the first weekend of strong thunderstorms moved across the South. Through the first three months of 2018, there were far fewer severe thunderstorm events across the southern/central...