Data

Engineering a loss cost for competitiveness

If you’re an underwriter, you probably spend more time dealing with loss costs than you’d like. It can be frustrating because it’s a driver of your underwriting and pricing, but because it’s a filed instrument, you ha...

Rhode Island Releases Details of Letter Campaign

The Rhode Island Insurance Verification System (RIIVS) went live in November 2014, initiating the requirement that insurance companies report a full book of business to RIIVS by the 7th of each month. The system match...

The next generation of ProMetrix

During my career, I’ve worked for some of the leading commercial property carriers in the industry. They varied, of course, in their activity and had different segment and distribution strategies, management objective...

When It Comes to Cybersecurity, All Bets Are Off

In February, a major cyber attack erased hard drives and shut down computers at two popular Las Vegas casinos, The Venetian and The Palazzo. But according to a report in Bloomberg Businessweek , the hackers weren’t...

A Cyber Attack Scarier than Any Movie

Most people these days, when they hear the words “cyber attack,” think of data breaches with legions of unknown hackers breaking into the computer systems of big retail chains to obtain customer credit card informatio...

Why don’t more businesses have cyber insurance?

It seems every few days there’s a new report of a data breach affecting a business or healthcare service provider we know. In a number of those cases, cyber insurance has helped the business recover from the incident ...

Cyber Monday Has a Case of the Mondays

When I started this blog series in January, I thought Cyber Monday would become more popular than Black Friday. After all, why would you want to spend your Thanksgiving in the mall or battle the crowds the next day, i...

Learning from Cyber History

I graduated from college with a degree in history. During my freshman year, one of my favorite professors stated something that remains with me to this day. He said there are two types of people in this world: There a...

A Milestone for ISO ClaimSearch: 1 Billion Claims

More data promotes better decision making for claims adjusters. And soon, the ISO ClaimSearch ®  database will hold 1 billion claims available to all ISO ClaimSearch users. We launched the ISO ClaimSearch database in...

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...