Claims

July 2016 Preview: Historical Catastrophe Activity

Taking a look at significant weather activity in 2016 to date, we saw a rare January hurricane, Alex, as well as Tropical Storm Bonnie in May. June started the Atlantic hurricane season. In that month, Tropical Storm...

Automatic license plate readers approved in Oklahoma

Oklahoma Governor Mary Fallin signed Senate Bill 359 into law on June 6. The new law permits the use of automatic license plate reader systems by law enforcement officials, who will also have access to the state’s...

Build a better claims department: Meeting the operational efficiency challenge

With claims costing insurance carriers more than $246 billion in 2015, claims department are under scrutiny. Operational inefficiencies must be minimized to mitigate costs and help improve your company’s bottom line....

June 2016 Preview: Historical Catastrophe Activity

The Atlantic hurricane season runs from June 1 to November 30. Although forecasters predict average activity for this year, we’ve already experienced the first tropical event of the season, Hurricane Alex—unusual...

FireLine and the Fort McMurray Fire

As of this writing, firefighters are still battling the Fort McMurray fire in Western Canada, and authorities are restricting access to the area. The fire is a major incident, and Verisk’s Property Claim Services ® (P...

PCS launches new enhancements to its mobile app

PCS-Mobile has been updated to give users even more vital information on the go.  The new enhancements allow users to both view and upload photos and videos right from the field during or after catastrophes. The...

New law updates Maryland insurance identification card requirement

Maryland Governor Larry Hogan signed identical bills, Senate Bill 544 and House Bill 720 , into law on May 10. The consolidated law requires an insured driver operating a vehicle registered in Maryland to possess an...

PCS Commercial Lines Catastrophe Planning and Response Report is released

Property Claim Services ® (PCS ® ) has published a new benchmarking study, the PCS Commercial Lines Catastrophe Claims Planning and Response Report . This report details results of a survey of industry participants on...

Insurers receive hardship exemption for Texas child support legislation

In December 2013, Texas amended Child Support Enforcement regulation 1 TAC 55.601 to include first and third-party property claims reporting. Due to significant implementation problems expressed by the industry, the...

Mississippi House Bill 525

Mississippi Governor Phil Bryant signed House Bill 525 into law on April 11. The law requires motorists who have had their licenses suspended to provide a certificate of insurance to the Department of Public Safety in...