Insights that power innovation

2/28/2018 - 7 min read

Medicare watch list: Staying ahead of the Medicare Secondary Payer compliance curve

As another new year settles in, we know at least one thing is certain: MSP compliance will continue to present formidable challenges for claims payers.

The Me Too Movement And Insurance Implications

2/22/2018 - 3 min read

Underwriting employment practices liability in the #MeToo era

220,568 sex-based charges were filed with the U.S. Equal Employment Opportunity Commission between 2010 and 2017. Here's how insurers are affected.

2/21/2018 - 6 min read

Assignment of benefits: A growing concern

Predatory adjusters and the common practice of assigning the benefits of an insurance policy to them is one variable that can impact an insurer’s bottom line.

2/16/2018 - 3 min read

Cyber incidents top list of business risks on the new Allianz Risk Barometer

Last month, Allianz Global Corporate and Specialty published its seventh annual risk barometer, a look at the top business risks in the eyes of risk managers globally.

2/16/2018 - 2 min read

Is the supply chain safe? Check out latest trends in cargo theft

Despite a decline in cargo theft, businesses transporting goods remain at risk as thieves steal tractors, trailers, and containers full of cargo from warehouses, truck stops, parking lots, and even secured yards. Understand current trends.

2/14/2018 - 1 min read

Reconstruction costs climb in 2017

Since January 2017, overall reconstruction costs in the U.S. grew 5 percent, more than double the increase seen in 2016. Canada provinces also experienced cost increases.

2/13/2018 - 2 min read

Which picture shows the worst electrical risk? You make the call!

Insurers rely on data and analytics to help them mitigate risk, project future losses, and set premiums. Much of that information is delivered automatically, and insurers use intelligent software to process it. However, there’s a drawback to artificial intelligence (AI): it’s weak on making judgment calls in certain instances.

2/13/2018 - 1 min read

From seed to smoke: Risks across the marijuana supply chain

Read all of the articles in the Visualize series, From Seed to smoke: Risks across the marijuana supply chain, by Lucian McMahon, CPCU, ARM-E, AU-M, product development specialist with the ISO Emerging Issues team.

Conflicting Federal And State Marijuana Laws

2/13/2018 - 5 min read

From seed to smoke: Legal haziness of marijuana

Marijuana is currently listed as a Schedule I drug under the federal Controlled Substances Act of 1970 (CSA), which defines Schedule I as drugs “with no currently accepted medical use and a high potential for abuse.” Meanwhile, some states permit some uses, resulting in a conflict.

2/12/2018 - 2 min read

Why are there different criminal background reports?

There isn’t one database of criminal activity that companies like iiX can use. Therefore, picking which criminal background check to run on a candidate can be hard.

2/12/2018 - 2 min read

Budget Act of 2018 limits Medicaid third-party recovery rights

While most of the headlines focused on the deal’s impact on military expenditures and other issues, the new law also contained an update regarding MSP compliance.

2/5/2018 - 5 min read

Keeping flood insurance above water

The spread of flooding where it hasn’t occurred before compounds a chronic problem in the US: Most homeowners have either too little flood insurance or none at all.

2/5/2018 - 1 min read

CRC transition update: Temporary halt on recovery activities

On February 2, 2018, CMS issued its latest update regarding the Commercial Repayment Center transition from CGI Federal to Performant Financial Corporation.

2/2/2018 - 2 min read

P/C insurers see $22.4 billion drop in net income

The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in nine-months 2017.

2/2/2018 - 3 min read

Build sheet data: Keeping pace with the cars

New vehicle owners are driving in an ever-denser cocoon of convenience and safety features.