Claims

Arkansas now supports FTP file submissions

The Arkansas Office of Driver Services announced that its auto liability insurance reporting system can now support FTP file submissions. The announcement was made during an industrywide conference call on March 23,...

ISO Recognised for Supporting the Industry at the 2017 Modern Claims Awards

Modern Claims Magazine is a leading UK trade journal, and its annual awards are judged by a diverse panel of experts from across the insurance industry. That’s why ISO is honoured to be recognised with the Supporting...

May 2017 Preview: Historical Catastrophe Activity

Claims teams are preparing for the unpredictable next few months. Significant catastrophe activity has occurred during the month of May over the past decade, with two events making the PCS ® Top Twenty list. The month...

April 2017 Preview: Historical Catastrophe Activity

April is an active month for violent tornadoes, though overall tornadic activity typically peaks in May and June. We saw more violent tornadoes—EF4 and EF5—in April than any other month from 1950 through 2013. The pas...

What now for soft tissue injury claims

On 23 February 2017, less than seven weeks after the government consultation aimed at reducing whiplash claims ended , the Ministry of Justice published part 1 of their response to the consultation . It’s said that pa...

March 2017 Preview: Historical Catastrophe Activity

Property Claim Services ® (PCS ® ) has designated 32 weather-related catastrophe events for the month of March between 2007 and 2016. Those events caused approximately $14.3 billion in insured losses and resulted in 2...

MSVIVS Ramping Up

MSVIVS – OLV Testing In addition to requiring a book of business (BoB) file by the first Tuesday of each month, Mississippi is currently testing the online verification (OLV) portion of the new Mississippi Vehicle...

Brexit effects on economy hitting U.K. construction costs

Theresa May has indicated she intends to trigger Article 50 of the Lisbon Treaty by the end of March 2017. After that, the United Kingdom has about two years to negotiate withdrawal from the European Union. With no...

February 2017 Preview: Historical Catastrophe Activity

It’s midwinter in the Northern Hemisphere, and we’re looking ahead to February with a review of historical catastrophe activity. In the ten years from 2007 through 2016, PCS® designated 28 catastrophes during the mont...

Telematics holds the potential for improved safety and lower claims

Americans drove a combined 3.1 trillion miles over 12 months through March 2016. With drivers traveling more miles, the potential for accidents increases. The National Safety Council reported that in 2015 “the U.S. ha...