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.

Nevada Ecards

Governor Brian Sandoval signed Nevada Assembly Bill 455 into law on May 26, 2017. The law authorizes the electronic delivery of certain notices and documents relating to insurance policies, including auto insurance ID...

Tennessee suspension notice letters

Tennessee’s new Electronic Insurance Verification System (EIVS) is gearing up to begin their letter campaign for motorists found to not have auto liability insurance coverage. A series of four letters will be sent to...

July 2017 Preview: Historical Catastrophe Activity

Summer has come to the northern hemisphere, and last ten years have seen July losses from wildfire, hurricane and other storm events. From 2007-2016, PCS designated 33 catastrophic events in this month-- resulting in...

Smartphone technology facilitating customer collaboration with insurers

Until very recently, documenting home or motor damage or creating a spreadsheet of stolen property had been best left to insurance professionals. Now, our customers can be collaborators who can do some or all of that...

In uncertain times, look to cut costs

Personal injury claims reform has been put off again, and whether the new government will pursue reform is unclear. When the Prisons and Courts Bill 2016-17 (HC Bill 170) was scrapped, so were fixed tariffs to cap...

Now that the discount rate has changed, what’s next?

Insurers are still reeling from the drastic change in the discount rate that went into effect 20 March 2017. The rate is used to adjust lump-sum compensation payments according to the interest that claimants are...

New Jersey proof-of-insurance requirements

New Jersey law requires every driver or operator of a vehicle to have a registration certificate and an insurance identification card on hand at all times. The state issued a Motor Vehicle Advisory on March 21, 2017,...

June 2017 Preview: Historical Catastrophe Activity

June brings hurricane season to the Atlantic basin, where the season begins officially on the first of the month and continues through the end of November. Forecasters have called for less-than-average tropical activi...

TN Requests Carriers to Include NAICs on Insurance ID Cards

DOR has informed carriers they are running into problems in attempting to verify NAIC numbers when a motorist contacts them for assistance. These problems include: Customer doesn’t know or cannot locate the NAIC numbe...

Tennessee HB 280 Signed into Law

William Haslam signed House Bill 280 into law on March 22. The bill extends the time given to respond to a Department of Revenue (DOR) request for information regarding motorists suspected of not having proper auto...