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Insurance

Rhode Island no longer accepting SR-22 filings

Effective immediately, the Rhode Island Division of Motor Vehicles will no longer require, and will no longer accept, SR-22 financial responsibility filings.

Mississippi revises proof-of-coverage requirements

This Mississippi Legislature voted to revise the penalties for the crime of failure to have proof of liability insurance coverage.

Michigan allows electronic proof of auto insurance liability coverage

Michigan Governor Rick Snyder signed legislation authorizing the electronic delivery of certain notices and documents relating to insurance policies, including auto insurance ID cards.

Blockchain: Getting Smarter than Smart Contracts

Admittedly, my interest in blockchain has been fairly narrow. Given the role of PCS® in the global industry loss warranty (ILW) market, I’ve been particularly focused on how blockchain-enabled smart contracts could benefit the reinsurance and insurance-linked securities (ILS) market.

Will Catastrophe Bonds Experience a “Retail Revolution”?

During a track at the IFoA Asia Conference 2018 last week, a speaker laid out a “future state” vision that included access to insurance-linked securities (ILS)—or at least some version of ILS—for retail investors.

Top 2018 priority: Tighter data protection

Last year was a sobering year for cyber risk, with major corporations and government agencies alike hit hard by data breaches and cyberattacks that cost millions of dollars.

ClaimSearch Will Partially Mask PII to SIU-level Users in Claims Inquiry

While data risk mitigation issues continue to emerge in our industry, ClaimSearch is always working to maintain the privacy and security of claims data.

Illinois ALIR legislation signed

Illinois House Bill 2610 was signed by Governor Bruce Rauner on August 25, 2017.

In uncertain times, look to cut costs

Personal injury claims reform has been put off again, and whether the new government will pursue reform is unclear.

Now that the discount rate has changed, what’s next?

Insurers are still reeling from the drastic change in the discount rate that went into effect 20 March 2017.

Forging a new EnergyPath in the UK

Together, the Catapult and Verisk Analytics continue to do their part to help the UK deliver on its national energy and climate change targets.

Brexit effects on economy hitting U.K. construction costs

Industrial manufacturing and agricultural output are down, and the U.K. is seeing increases in the costs of imported commodities and fuel.

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.

Four Killer Blockchain Use Cases for Insurance

Here are the ways this blockchain technology can benefit the global insurance industry.

Are We Missing the Real Blockchain Opportunity for Insurance?

The global insurance industry has taken an interest in blockchain because of certain fundamental benefits that the technology provides.

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