Insights that power innovation

9/10/2020 - 4 min read

The future of claims: Delivering at the moment of truth

The future of claims is about elevating the customer experience, and insurers that aggressively pursue digital enablement today will be primed to excel tomorrow.

9/8/2020 - 3 min read

Business is changing. The ISO Businessowners Program is changing with it.

Learn how Verisk is updating the ISO Businessowners program with new classifications, forms, rules, and loss costs.

9/8/2020 - 13 min read

Modeling Fundamentals: Defining Events in the AIR U.S. Inland Flood Model

With AIR’s U.S. flood event algorithm—which is fine-tuned to work well for the United States, with consideration and review of the country’s meteorological patterns, topographical features, and flood characteristics—insurers can assess and manage their risk from all sources of flooding across the contiguous United States with confidence.

9/8/2020 - 15 min read

The Importance of Planetary-Scale Motions for Modeling Local Weather Extremes

This article is the second in a series about a project AIR has undertaken to establish a new framework for modeling and managing climate change risk for the coming decades—one rooted in high quality data and deep domain knowledge of weather and climate physics.

9/8/2020 - 13 min read

Modeling Fundamentals: Evaluating U.S. Flood Model Loss Output with Historical Loss Experience

Recently, AIR released a major update to our flagship U.S. hurricane model, along with a substantially updated U.S. inland flood model. Both models incorporate the same new pluvial component that uses a physically based 2-dimensional (2D) shallow water wave model to simulate pluvial flood risk over the entire contiguous U.S. These two models also incorporate the same new precipitation-induced flood vulnerability framework. Together, these two models provide a comprehensive view of U.S. flood risk—from both tropical and non-tropical sources on and off the floodplain as well as from storm surge.

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9/7/2020 - 1 min read

September 2020 preview: Historical catastrophe activity

The NOAA Climate Prediction Center has raised the likelihood of an above-normal 2020 hurricane season to an 85 percent chance.

9/3/2020 - 5 min read

From real-time fraud detection to remote claim assessments – how lockdown has changed priorities for insurers and policyholders alike

Digital technology has become critical to provide core claims services during lockdown. Verisk is at the forefront in this field with a full range of claims solutions.

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8/25/2020 - 12 min read

U.S. Department of Justice and plaintiff law firm reached a settlement to resolve a Medicare conditional payment claim

The DOJ’s Attorney’s Office for the Middle District of Pennsylvania has settled a Medicare conditional payment claim with the plaintiff law firm.

8/20/2020 - 8 min read

What’s up in D.C.? Medicare Secondary Payer reform efforts – status update

With the current Congressional session ending on 1/3/21, attention is on two pending Medicare Secondary Payer reform efforts: The PAID Act & the COMP Act.

8/20/2020 - 4 min read

Three attributes of commercial properties that underwriters shouldn’t take for granted

Imprecise data can hurt both insurers and policyholders. Industry studies have found 75 percent of commercial buildings are underinsured.

8/18/2020 - 6 min read

California, Colorado wildfires show extreme behavior amid heatwave

Multiple major wildfires have scorched more than 170,000 acres combined in California and Colorado, with some fires showing extraordinary behavior.

8/18/2020 - 3 min read

Sweeping enhancements to the ISO General Liability program are coming. Here’s what you need to know.

Learn how Verisk is updating the ISO General Liability program with new classifications, forms, rules, and loss costs.

8/17/2020 - 9 min read

E-sports is a billion-dollar industry—it could be a risky one, too

As e-sports rocket into the mainstream, its risk exposures are coming into view. Here's what you need to know.

8/17/2020 - 4 min read

5 claims lessons from the COVID-19 pandemic

Today, we can examine insurance trends that are likely to continue post-COVID-19. Here are some key takeaways for insurers as a new chapter unfolds across the industry.

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8/14/2020 - 3 min read

CMS holds Section 111 NGHP update webinar

On 8/13, CMS held a webinar on Section 111 non-group health plan reporting. The webinar covered NGHP Section 111 reporting best practices and MSPRP enhancements.

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Staying Ahead of the EDI Curve –Updates and How wcPrism Can Help

The future of claims: Delivering at the moment of truth

Business is changing. The ISO Businessowners Program is changing with it.

Modeling Fundamentals: Defining Events in the AIR U.S. Inland Flood Model

The Importance of Planetary-Scale Motions for Modeling Local Weather Extremes

Modeling Fundamentals: Evaluating U.S. Flood Model Loss Output with Historical Loss Experience

September 2020 preview: Historical catastrophe activity

From real-time fraud detection to remote claim assessments – how lockdown has changed priorities for insurers and policyholders alike

U.S. Department of Justice and plaintiff law firm reached a settlement to resolve a Medicare conditional payment claim

What’s up in D.C.? Medicare Secondary Payer reform efforts – status update

Three attributes of commercial properties that underwriters shouldn’t take for granted

California, Colorado wildfires show extreme behavior amid heatwave

Sweeping enhancements to the ISO General Liability program are coming. Here’s what you need to know.

E-sports is a billion-dollar industry—it could be a risky one, too

5 claims lessons from the COVID-19 pandemic

CMS holds Section 111 NGHP update webinar