Data

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...

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...

Wildfire Reports Point to a “Hot” Summer for the Western United States

The National Interagency Fire Center (NIFC) recently issued its North American Seasonal Fire Potential Outlook for the summer of 2014. For the entire season, NIFC projects much of California and parts of Arizona and N...

48,000 Completed Foreclosures in October

CoreLogic’s latest report shows there were approximately 879,000 homes in some stage of foreclosure and 48,000 completed foreclosures in the United States in October 2013. Properties in any stage of foreclosure are a...

Keeping an Eye on Foreclosures

CoreLogic’s most recent data shows that approximately 902,000 homes were in some stage of foreclosure in September 2013. As in past months, Florida remained the state with the highest percentage of mortgaged propertie...

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...

Foreclosures Remain a Concern for Insurers

CoreLogic’s most recent data shows there were 48,000 foreclosures in August 2013. CoreLogic also reports that approximately 939,000 homes in the United States were in some stage of foreclosure as of August 2013. As in...