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.

November 2016 Preview: Historical Catastrophe Activity

The 2016 hurricane season will come to an end on November 30. So far this year, two catastrophes have been designated as tropical events. Hurricane Hermine affected Delaware, Florida, Georgia, Maryland, North Carolina...

The Insurable Risks of Zombie Attacks on Small Businesses

Zombies are sweeping the nation—at least if you believe the media and pop culturists. The walking dead are everywhere, from cities and small towns to homes and offices. While most people try to eradicate them, few are...

Smartphone video app enables insureds to collaborate in claims resolutions

There are more smart devices than there are people in the United Kingdom—with 130 per cent penetration. Almost everybody has a smartphone, according to Yahoo’s Flurry . We take more photos with phones than cameras, an...

Noteworthy Philip Smikle v Global Logistics decision puts brakes on undisclosed motor hire charges

A recent ruling in Walsall County Court should be welcome news for motor insurers. The case concerned a claimant involved in a motor accident whose claim was initially submitted with no request for an alternative hire...

Customers to benefit from unification of claims solutions

Claims handlers are familiar with both ISO Claims Outcome Advisor ® (COA ™ ), the top quantum evaluation tool, and Xactware’s claims-handling tools for the property market. But what they may not know is that these...

MVICS Discontinued

The Connecticut Department of Motor Vehicles no longer requires auto insurers to file reports through its legacy Motor Vehicle Insurance Compliance Reporting System (MVICS). The state DMV suspended the legacy system...

October 2016 Preview: Historical Cat Activity

As October approaches, so does the end of peak hurricane season, however, insurers should still be vigilant and prepared to assist policyholders in the event of a late-season disturbances. While the fourth quarter...

Tennessee making final push for full implementation of EIVS

Tennessee announced progress in its goal to have all carriers submit their Book of Business (BoB) files to its Electronic Insurance Verification System (EIVS) by Oct. 1, 2016. The state established the Oct. 1 deadline...

Exposing myths in usage-based auto insurance analytics

A common myth surrounding usage-based insurance is that UBI modeling fundamentally differs from techniques that actuaries and other quantitative risk managers may already use. We sought to dispel that notion when we...

Telematics revolutionizes claims: Connected cars will automate FNOL process and so much more

When it comes to claims processing, time is not on anyone’s side. After an accident, flood, fire, or theft, it’s dependent upon the claimant to initiate contact with the insurer. And it can be a day or more before the...