Insights that power innovation

3/6/2023 - 5 min read

How non-rate actions are easing personal auto profitability pressures

Verisk has seen a marked increase in insurers seeking strategic sourcing of non-rate actions to confront premium leakage in 2023.

2/27/2023 - 2 min read

How to do a better job with Comprehensive deductible relativities

When it comes to pricing for personal auto, there are a lot of things insurers can choose to assess. Here's how to decide what to focus on.

2/27/2023 - 5 min read

Which emerging issue will shape the P/C industry in 2023…and beyond

The 2023 Emerging Issues Bracket Challenge is our opportunity to see which issues have your attention this year.

2/22/2023 - 19 min read

CMS pushes back the timeline to release its Section 111 penalties “final rule” for one-year (until February 18, 2024)

In a major Section 111 development, (CMS) has extended the timeline to release its Section 111 civil money penalties (CMP) “final rule” until February 18, 2024.

2/13/2023 - 28 min read

TPLF disclosure proposals are introduced in Kansas, Mississippi, and Montana state legislatures

Third-party litigation funding (TPLF) issues will continue to present challenges on several fronts in the new year.

2/9/2023 - 3 min read

Human insight, digital empowerment enrich commercial property surveys

Technology and data are expanding survey capabilities beyond on-site inspections to provide critical commercial property information.

2/8/2023 - 1 min read

The Claims Connection: A Key Consideration for ITV Alignment

The truest test of an ITV solution is how it performs with actual losses, which can yield critical data to validate and calibrate RCEs.

2/7/2023 - 8 min read

CMS makes updates to Section 111 NGHP User Guide (Version 7.0) – updates relate to upcoming changes to the NGHP Unsolicited Response File

As reported in our recent article, in early January CMS released a new version of their Section 111 NGHP Section 111 User Guide (Version 7.0, January 9, 2023).

1/18/2023 - 2 min read

As increases slow, reconstruction costs show signs of stabilizing

Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.

1/17/2023 - 6 min read

CMS releases updated Medicare Secondary Payer Recovery Portal (MSPRP) User Guide (Version 5.6) – Updates to Open Debt Report, Compromise Requests, and Go Paperless notifications

The Centers for Medicare and Medicaid Services (CMS) has released an updated Medicare Secondary Payer Recovery Portal (MSPRP) User Guide Version 5.6 (January 9, 2023).

1/12/2023 - 13 min read

CMS releases Section 111 NGHP User Guide (Version 7.0, January 9, 2023) – CMS announces several new updates to kick off 2023

The (CMS) has released an updated Section 111 NGHP User Guide (Version 7.0, January 9, 2023) regarding Section 111 reporting related to non-group health plans.

1/11/2023 - 22 min read

Understanding Medicare Treasury claims – avoiding the pitfalls and steps for success

In this article, the author provides a general overview of Treasury collection actions in relation to CMS’s non-group health plan recovery process.

1/9/2023 - 7 min read

CMS releases request for proposal for the Workers’ Compensation Review Contractor (WCRC) contract

On January 4, 2023, the Centers for Medicare and Medicaid Services (CMS) issued an RFP for its Workers’ Compensation Review Contractor (WCRC) contract.

1/6/2023 - 6 min read

Pricing physical damage for commercial auto in an era of inflation

The rising cost of physical damage claims has auto insurers asking questions about premium adequacy.

1/4/2023 - 2 min read

Do you have the right tools to assess the nonstandard auto market?

There’s a serious need for actuarial insights focused specifically on the highly competitive market of non-standard auto insurance.

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How non-rate actions are easing personal auto profitability pressures

How to do a better job with Comprehensive deductible relativities

Which emerging issue will shape the P/C industry in 2023…and beyond

CMS pushes back the timeline to release its Section 111 penalties “final rule” for one-year (until February 18, 2024)

TPLF disclosure proposals are introduced in Kansas, Mississippi, and Montana state legislatures

Human insight, digital empowerment enrich commercial property surveys

The Claims Connection: A Key Consideration for ITV Alignment

CMS makes updates to Section 111 NGHP User Guide (Version 7.0) – updates relate to upcoming changes to the NGHP Unsolicited Response File

As increases slow, reconstruction costs show signs of stabilizing

CMS releases updated Medicare Secondary Payer Recovery Portal (MSPRP) User Guide (Version 5.6) – Updates to Open Debt Report, Compromise Requests, and Go Paperless notifications

CMS releases Section 111 NGHP User Guide (Version 7.0, January 9, 2023) – CMS announces several new updates to kick off 2023

Understanding Medicare Treasury claims – avoiding the pitfalls and steps for success

CMS releases request for proposal for the Workers’ Compensation Review Contractor (WCRC) contract

Pricing physical damage for commercial auto in an era of inflation

Do you have the right tools to assess the nonstandard auto market?