Auto Insurance

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...

Peer-to-Peer Ridesharing: Unwanted exposure or opportunity?

The past few years have seen the rise of so-called transportation network companies (TNCs) such as Uber, Lyft, and Sidecar. These companies have built technology platforms that enable passengers to request rides from...

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...

More than 1,000 configurable settings make COA a good fit every time

Claims managers across the industry agree that their companies are missing many opportunities to apply comparative liability in automobile and general liability accident claims. Automated technology that implements...

Vehicle Annual Mileage Now Available with Coverage Verifier

Verisk Underwriting just announced the availability of vehicle-specific annual mileage and prior coverage information in a single point-of-sale service. Verisk’s Coverage Verifier ℠  database has provided auto carrier...

Adopting Advanced Analytics: Consider the True Business Implications

Property/casualty insurers have long been engaged in a fierce battle for market share across all lines of insurance — from personal and commercial auto and property policies to workers' compensation and general...