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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 discusses why he...

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 Illinois Secretary of State...

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 coverage on their vehicles....

California imposes new notice of lapse requirements on insurers

Insurers that write private passenger automobile and residential property insurance offering six months or longer of coverage are now subject to an expanded policyholder notice requirement. This requirement was enacte...

Tennessee prepares for 2017 ALIR implementation

Preparations are under way in Tennessee for the 2017 launch of a new electronic system that will facilitate automobile liability insurance reporting (ALIR). The new system was mandated in House Bill 606, enacted on Ma...

Tennessee OKs new towing law related to uninsured drivers

Tennessee House Bill 606, enacted on May 20, 2015, gives law enforcement entities the option of towing a vehicle if a driver is unable to provide proof of insurance. The law, which went into effect on January 1, 2016,...

ISO’s Case in Point reaches final of Insurance Times Awards 2015 — short-listed for Business Partner of the Year

Leading U.K. insurance publication Insurance Times has announced the short list for its annual industry awards, with ISO in contention for Business Partner of the Year. After recently taking home the award for Claims...

ISO’s Case in Point is short-listed for Innovation of the Year at Modern Law Awards 2015

ISO’s roster of prestigious award nominations continues unabated with a nomination for Innovation of the Year at this year’s Modern Law Awards . ISO’s flagship insurance analytics solution Case In Point was the reason...

ISO’s Case in Point short-listed for another top U.K. insurance award—Outsourced Partner of the Year, DATA 2015

Incisive Media, publishers of top insurance magazines Insurance Age and Post, has announced the short list for this year’s Data, Analytics & Technology Awards for Insurance, with ISO in contention for Outsourced Partn...

Underwriting practices and solutions evolve as MVR costs rise

A new Verisk analysis finds that motor vehicle report (MVR) fees have increased an average of almost 50 percent during the past ten years. Nationwide, as of January 1, 2016, the average MVR fee will stand at $9.50,...