Data

April’s 52,000 Completed Foreclosures Cause Concern

According to CoreLogic, lenders completed 52,000 foreclosures in April 2013. The term completed foreclosures refers to the number of homes actually lost to foreclosure. The company reports that there have been an...

Foreclosure: Insurers Have Reason for Concern

The March 2013 CoreLogic National Foreclosure Report stated that more than 1 million homes are in some stage of foreclosure. Here are a few more March 2013 foreclosure insights: Completed foreclosures rose from 52,000...

Solving Workflow Issues in Subrogation

Do you rely on manual processes for subrogation? They can be time-consuming and may result in missed opportunities. The time and labor involved in subrogation has a tangible cost. The good news is you can handle many ...

Retain Customers through Better Subrogation

Imagine a scenario where a driver runs a stop sign and hits Mary Smith’s midsize sedan. Mary’s insurer pays for her vehicle’s damages minus her deductible — which, hoping to save on insurance costs, Mary increased to...

Five Insights into December Foreclosure Activity

Property claims adjusters need to stay alert to foreclosure activity. With 767,000 foreclosures in 2012 according to data from CoreLogic, the problem remains significant, and it could increase the likelihood of...

Five Insights into the PCS Catastrophe Loss Process

Do you know how Property Claim Services ® ( PCS ® ) develops catastrophe loss estimates? We’re ready to help. Download our new guide to the PCS catastrophe loss estimate process now to get started. In the new guide,...

Claims Modernization: Are You Prepared for Emerging Risks?

New risks and claims scenarios are routine in the insurance industry today. For the claims department, that means being able to understand new factors that contribute to a loss. New risks also involve new ways scammer...

Claims Modernization: Big Data, Big Opportunity

For many claims departments, the problem isn’t data — rather, the challenge is what to do with it. Insurance companies, for years, have become adept at generating data suited for further analysis and insight. However,...

Claims Modernization: Time to Get Ready

Many insurance companies claim they are planning to update their claims systems over the next three years, opening a wide range of important decisions they’ll need to make in the near term. From streamlining the claim...