Analytics

Underwriting Solutions President Neil Spector on the Future of UBI and Telematics

In an interview with A.M. Best Radio , Neil Spector, president of Underwriting Solutions for Verisk – insurance solutions, shares his perspectives on the future of usage-based insurance (UBI) and...

General liability classification shouldn’t be a guessing game

Other than historical loss experience, there are three fields on an insurance application that lay the groundwork for a general liability quote: address (territory), exposure (sales, payroll, squar...

Illinois registration changes: mailed renewal notices to cease

Due to a budget-saving measure, Illinois drivers will no longer receive vehicle registration renewal notices through the postal service. This will save the state $5.5 million annually, said Illinoi...

Louisiana Office of Debt Recovery takes control of lapse in coverage fines process

In October 2015, the Louisiana Office of Motor Vehicles (DMV) issued 1.2 million initial notices to current and former residents informing them of fines owed due to past lapses in insurance coverag...

Risk selection for general liability underwriters

Typically, when a general liability underwriter receives an application for insurance, the first task is to quickly determine if it’s a risk that can be written based on their underwriting...

Don’t take workers' compensation applications at face value

Do you take a workers' compensation insurance application at face value? Or do you thoroughly research the applicant’s information, verify data fields, look at photos of the property, find out wher...

Four Billion Car Sightings to Inform Investigations

Wouldn’t adjusters relish the chance to know if a claimant’s vehicle had bumper damage before the reported date of the accident? And wouldn’t the claims department be interested to discover that a...

ISO ClaimSearch mobile app update gives users additional functionality

When the ISO ClaimSearch ® mobile app launched in August, it provided users with on-the-go access to Claims Inquiry . Whether at the office or in the field, users can easily tap the app to search t...

A conversation on perils, incidents, and risk assessment

Educators say humans learn through a combination of perception and memory using three different methods: visual, auditory, and experiential. Each of us learns through a mix of the three methods tha...

2016 Claims Preview

"Point of claim" revolution will push fraud analytics upstream Looking ahead to the state of claims in 2016, one of the most significant trends in claims processing will be a new emphasis on...