Underwriting

Exposing myths in usage-based auto insurance analytics

A common myth surrounding usage-based insurance is that UBI modeling fundamentally differs from techniques that actuaries and other quantitative risk managers may already use. We sought to dispel that notion when we...

FireLine Examines the Erskine Wildfire

To date, wildfires in California this season have burned more than 150,000 acres, and—with five major wildfires burning at this writing—that number continues to grow. California seems poised for yet another year of...

Verisk Telematics Team: Ready for Connected Car Insurance USA Chicago ’16!

The Telematics team at Verisk – insurance solutions is ready for TU-Automotive’s Connected Car Insurance USA conference on September 7-8 at Chicago’s Radisson Aqua Blu Hotel. If you haven’t registered, grab a brochure...

Tennessee prepares to release EIVS error files

Tennessee is gearing up for the release of Electronic Insurance Verification System (EIVS) error files to insurers who previously submitted their book of business (BoB) with the state. Business Information Systems, th...

Insurance and the presidential conventions

As was evident while viewing the Republican and Democratic National Conventions, the political operatives of their national committees truly delved into the minutia of how to spin their respective gatherings in...

Verisk report shows reconstruction costs reverse trend in U.S.

Verisk Insurance Solutions released its 360Value ® Quarterly Cost Update on reconstruction costs for the third quarter. As the housing market has recovered, the rate of increase for overall reconstruction costs in the...

Traumatic brain injury deaths highest for small company construction workers

As you might imagine, the construction industry has the greatest number of both fatal and nonfatal traumatic brain injuries (TBIs) in U.S. workplaces. A total of 2,210 construction workers died because of a TBI from...

Automatic license plate readers approved in Oklahoma

Oklahoma Governor Mary Fallin signed Senate Bill 359 into law on June 6. The new law permits the use of automatic license plate reader systems by law enforcement officials, who will also have access to the state’s...

Education + Marketing = Better Loss Control + Customer Retention

In today’s competitive landscape, it’s critical for insurers to keep loss costs under control—not only through fast, fair, and consistent claims resolution but also by helping to reduce the number of claims. Educating...

FireLine and the Fort McMurray Fire

As of this writing, firefighters are still battling the Fort McMurray fire in Western Canada, and authorities are restricting access to the area. The fire is a major incident, and Verisk’s Property Claim Services ® (P...