How can UK insurers obtain meaningful ADAS data?
Motor insurers may struggle to process the data around existing ADAS features in a vehicle and turn it into useful underwriting information.
Current cost estimates key to manage lumber’s ‘demand surge’
Property insurance underwriters relying on up-to-date cost data to cope with higher reconstruction estimates amid lumber's price volatility.
The rise of nuclear verdicts and how to rein them in
One of the most concerning litigation trends over the last ten years has been the rise in nuclear verdicts, which are jury awards that surpass $10 million.
How can home and motor insurers adapt to looming FCA reforms?
The upcoming reforms have caused many insurers to re-evaluate their approaches to pricing home and motor policies.
Steady increases continue for motor vehicle report fees
The cost of motor vehicle reports (MVRs) continues to climb for insurers; the latest Verisk analysis shows the nationwide average at $10.32.
Three things to know about cryptocurrency and ransomware
As cyberattacks, namely ransomware, increase nationwide, there’s one reason we cannot ignore: the growing prevalence of cryptocurrency.
CMS releases Section 111 NGHP 270/271 Companion Guide (Version 5.7) - new release makes technical corrections to updates published in Versions 5.5 and 5.6
CMS has released an updated S 111 NGHP 270/271 Companion Guide Version 5.7, August 6, 2021, as part of its PAID Act implementation plans.
Frost & Sullivan honors Verisk's telematics platform in 2021 awards
The Verisk Data Exchange recognized as 2021 Company of the Year for Industry Excellence by Frost & Sullivan
CMS to hold PAID Act testing webinar on September 9, 2021
The Centers for Medicare and Medicaid Services (CMS) has announced that it will be holding a PAID Act testing webinar on September 9, 2021 at 1:00 p.m.
Auto growth and resiliency demand scalable underwriting tech
Auto insurers seeking to grow and improve may do well to pursue underwriting technology that meets the demands of today and tomorrow.
Swift alerts to insurers can help prevent major commercial property losses
Verisk's High-Risk Notification Service helps identify conditions that can trigger unexpected claims.
Wildfire season turns explosive with Bootleg, Dixie fires
Massive wildfires continued to burn in Oregon and California, feeding on fuels dried by prolonged drought and weather conditions that promoted their spread
The big build: How a rise in renovations may affect property insurance
People spending more time at home seemed to ultimately help many insurers, as loss frequency declined in 2020 year over year across several categories.
CMS releases Section 111 NGHP 270/271 Companion Guide (Version 5.6) - new release makes technical corrections to Version 5.5 update
The Centers for Medicare and Medicaid Services (CMS) has released an updated Section 111 NGHP 270/271 Companion Guide (Version 5.6, July 22, 2021).
Finding local replacement cost estimates is usually no laughing matter
The comic strip is part of our new Laugh Ratios series, highlighting Verisk’s 360Value solutions, which provide reliable replacement cost estimates.