Insurance

Blockchain, Smart Contracts, and Index Triggers: Count the Frictional Costs As They Disappear

Is the insurance industry watching developments in blockchain  technology? Some of our folks in the market are, but it’s pretty clear to me that the focus is the other way around. The blockchain community has its eye ...

California imposes new notice of lapse requirements on insurers

Insurers that write private passenger automobile and residential property insurance offering six months or longer of coverage are now subject to an expanded policyholder notice requirement. This requirement was enacte...

Tennessee prepares for 2017 ALIR implementation

Preparations are under way in Tennessee for the 2017 launch of a new electronic system that will facilitate automobile liability insurance reporting (ALIR). The new system was mandated in House Bill 606, enacted on Ma...

Tennessee OKs new towing law related to uninsured drivers

Tennessee House Bill 606, enacted on May 20, 2015, gives law enforcement entities the option of towing a vehicle if a driver is unable to provide proof of insurance. The law, which went into effect on January 1, 2016,...

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...

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...

Louisiana Insurance Verification System (LAIVS)

The Louisiana Department of Public Safety (DPS) announced the new Louisiana Insurance Verification System (LAIVS). The state has chosen a vendor, MV Solutions, to develop the new system. LAIVS will require an online...

CSEA Updates: Texas, California, and Washington

Insurers that participate in the ISO ClaimSearch® Child Support Enforcement Agency (CSEA) Reporting Service will want to make note of recent activities related to the Office of Child Support Enforcement (OCSE) and the...