Modeling

Sinkhole season: Why now?

Sinkholes can happen any time, but for a number of reasons they’re more prevalent from early spring until late summer — the unofficial Florida “sinkhole season.” The entire state of Florida is...

Overcoming Challenges in Predictive Modeling Part 2: Lack of Skilled Modelers

In a recent ISO and Earnix survey of 269 insurance professionals, the results clearly indicated that the majority of carriers had two primary pain points restricting their ability to create more...

Overcoming Challenges in Predictive Modeling Part 1: Lack of Sufficient Data

The results of a recent ISO and Earnix survey of 269 insurance professionals clearly indicate that two primary factors restrict the majority of insurers from creating more predictive analytics. The...

Quality Planning rating integrity services now integrated fully into Verisk Underwriting

Since 1999, the property/casualty insurance industry has relied on Quality Planning Corporation (QPC) for services that identify insurance rating errors and mitigate premium leakage. In 2004, QPC...

Crime in the United States 2012 Report Released

The Federal Bureau of Investigation (FBI) recently released its Crime in the United States 2012 Report . The FBI estimates that property crime decreased 0.9 percent in 2012 compared with the 2011...