Data Management

Microinsurance Alternative Risk Transfer: Strategic Capacity to Support Your Mission

Microinsurance programs have overcome some incredible challenges. They’ve found ways to distribute an intangible product — one for which a customer may pay regularly and seem to receive nothing in return — to local...

Idaho Transportation Department to Develop Online Insurance Verification System

The Idaho Transportation Department (ITD) is developing an Online Insurance Verification System (OIVS). Insurers that write personal auto insurance policies in the state will be required to participate in the new...

Reconstruction Costs Up Sharply across the United States and Canada

The latest reports of the 360Value® Overview of Property Reconstruction Cost Changes show reconstruction costs are higher in the United States and Canada compared with the same time last year. In the United States, 47...

Connecticut introduces new auto insurance verification system

The Connecticut Division of Motor Vehicles (DMV) will implement the new Connecticut Insurance Verification System (CTIVS) in 2015. MV Solutions is developing the system, which will allow the state to identify insuranc...

West Virginia insurance verification letter campaign

West Virginia announced that on August 18, 2014, the state kicked off its periodic insurance verification letter campaign. The state sends verification letters to a random sampling of registrants that West Virginia...

Alabama encourages monthly book of business submission

On August 1, 2014, the Alabama Department of Revenue sent a bulletin encouraging insurers to submit a monthly book of business file. The submission will help ensure that Alabama’s Online Insurance Verification System...

Illinois Governor Patrick Quinn approved Bill 5692

Illinois Governor Patrick Quinn approved Bill 5692, also known as the Uninsured Motorist Verification Advisory Committee Act, on July 25, 2014. This bill called for the appointment of an advisory committee that consis...

Rhode Island Automobile Insurance Plan (RIAIP) to report assigned risk

Rhode Island has confirmed that, effective immediately, the Rhode Island Automobile Insurance Plan (RIAIP) will be responsible for reporting all assigned-risk automobile insurance policies directly to the Rhode Island...

Compulsory insurance penalties increase in Louisiana

Effective June 12, 2014, Louisiana House Bill 872 significantly increased penalties for operating a motor vehicle without required insurance and failing to provide required proof of compliance. If an insured meets...

Do you write business in Rhode Island?

A new Rhode Island law — calling for implementation of an uninsured motorist database — becomes effective July 1, 2014. Note the short implementation window: The first official e-mail went out May 9, and the state...