Data Management

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 email went out May 9, and the state...

Wildfire Reports Point to a “Hot” Summer for the Western United States

The National Interagency Fire Center (NIFC) recently issued its North American Seasonal Fire Potential Outlook for the summer of 2014. For the entire season, NIFC projects much of California and parts of Arizona and N...

Microinsurance and Claims: Fraud Prevention and Detection

In developed markets, it’s no secret that insurance fraud is an enormous problem. In the United States alone, according to data from the Aite Group , property/casualty insurance fraud costs the industry as much as $64...

Microinsurance and Claims: An Offer of Proof

A claim represents an opportunity for an insurance company to keep its promise. In developed markets, a claimant’s experience can mean the difference between retaining and losing a customer. In the developing market,...