Claims

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....

March 2016 Preview: Historical Catastrophe Activity

During the month of March between 2006 and 2015, Property Claim Services ® (PCS ® ) designated 28 weather-related catastrophe events. Those events caused approximately $12 billion in insured losses and resulted in 2.1...

Bring greater precision to wind and hail claims assessment

In the past five years, insurers have reported more than 3.7 million hail claims and more than 6.8 million wind claims to ISO ClaimSearch ® . Half a million hail claims and more than a million wind claims were reporte...

February 2016 Preview: Historical Catastrophe Activity

From 2005 through 2015, Property Claim Services ® (PCS ® ) designated 29 catastrophes during the month of February, which included 27 weather-related events and two workers' compensation events, collectively causing...

Solving a problem before it’s a problem

Insurance trades, blogs, and websites devote a great deal of space to addressing two critical issues related to the risks associated with writing workers' compensation policies: claims costs and medical fraud. Claiman...

Updated compliance solution for new Texas claim-reporting requirements

ISO ClaimSearch ® helps property/casualty insurers comply with child support reporting requirements in five mandatory states and up to 48 voluntary states and territories (free for ISO ClaimSearch members). Texas...

January 2016 Preview: Historical Catastrophe Activity

Property Claim Services ® (PCS ® ) has designated 15 catastrophes, 11 winter storms, and four wind and thunderstorm events during the month of January since 2006, resulting in $5.7 billion in insured losses. The large...

ISO ClaimSearch® privacy update: PII masking to claims-level users in Claims Inquiry

As data attacks and data risk mitigation issues continue to emerge in our industry at a rapid pace, ISO ClaimSearch ® is continually working to ensure the highest security of claims data and is enhancing our systems t...

Reminder: Participation in MAIS required for insurers that do business in Rhode Island

All insurance companies that do business in Rhode Island are required to participate in the Medical Assistance Intercept System (MAIS) , a Medicaid data match program per Rhode Island General Law Chapter 27-57.1. Clic...

PCS publishes new report on catastrophe claims planning and response management

Managing catastrophe claims operations requires coordination and planning, often on a massive scale. Property Claim Services ® (PCS ® ) has published a new benchmarking study, PCS Personal Lines Catastrophe Claims...