Insights that power innovation

11/7/2023 - 15 min read

CMS Releases New Section 111 Penalties FAQ Resource

CMS has now released a new Alert entitled CMS’s Medicare Secondary Payer and Certain Civil Money Penalties: Frequently Asked Questions

11/7/2023 - 6 min read

Love Thy Frenemies: 3 Reasons an Interconnected Claims Network Benefits the Industry

10/31/2023 - 4 min read

Who Commits Insurance Fraud, Part 3: "Which Generation is Most Likely to Commit Fraud?

Verisk conducted a study with the Coalition Against Insurance Fraud on which generation is most likely to commit fraud.

10/31/2023 - 4 min read

Introducing Recovery Reversal: Your Key to Regaining Control Over Medicare Conditional Payments

Verisk developed a new solution - Recovery Reversal - to claw back the Medicare overpayment or offset.

10/30/2023 - 3 min read

Vermont Department of Labor Delays Mandatory Start Date of Release

Vermont EDI Claim Release 3.1 for (FROI) and (SROI) is now delaying its planned implementation of Release 3.1 for FROI/SROI reporting.

10/26/2023 - 2 min read

Automate to Accelerate: Keeping Pace With the Small Commercial Market

Learn how LightSpeed Small Commercial can help insurers classify, quantify, and qualify risks for more automated underwriting.

10/25/2023 - 1 min read

CMS to Hold Section 111 Webinar on November 13th – CMS to Discuss Expansion of TPOC reporting to include WCMSA information

CMS’s webinar notice, this session will focus on the expansion of TPOC reporting to include workers’ compensation Medicare set-asides (WCMSA).

10/13/2023 - 3 min read

Mild Reconstruction Cost Rise Signals Stabilizing Market

Total reconstruction costs increased 5.1% from October 2022 to 2023. This uptick follows the 4.3% increase from July 2022 to July 2023.

10/11/2023 - 24 min read

CMS’s Section 111 Penalties “Final Rule” Released – Breaking Down CMS’s Penalty Provisions and How They Impact Section 111 Reporting

In an important development, CMS has released its Section 111 penalties “Final Rule” --- CMS penalties will go live in 60 days.

10/10/2023 - 2 min read

An Award-Winning Effort Breaks New Ground in Medical Record Review

Verisk leaders earn Technology Innovation honoree status in the 2023 PC360 Insurance Luminary program for their work on Discovery Navigator

10/10/2023 - 7 min read

Understanding the Impacts of Climate Change on Record Heat in 2023

Explore the dynamic confluence of climate change and El Niño in 2023, poised to make this year a record-breaker for global heat.

9/28/2023 - 16 min read

OIRA Issues New Notice Regarding Section 111 Civil Money Penalties - Notice Addresses the Proposed Rule’s Economic Impact Designation

As many will recall, earlier this year the (CMS) extended the timeline to release its Section 111 civil money penalties (CMP) “Final Rule” until February 18, 2024.

9/28/2023 - 19 min read

The “Protecting Our Courts from Foreign Manipulation Act of 2023” is Introduced in Congress – Proposal Targets TPLF by Foreign Persons, Foreign States, and Foreign Sovereign Wealth Funds

In an important development on the TPLF front, the Protecting Our Courts from Foreign Manipulation Act of 2023 has been introduced in the U.S Senate.

9/27/2023 - 3 min read

Who commits insurance fraud What motivates insurance fraud?

Part two of Verisk's study delved deep into public perceptions and attitudes toward what motivates them to commit insurance fraud.

9/26/2023 - 2 min read

Exploring a future look at reconstruction cost trends

To help insurers navigate the increasing complexity in the market, Verisk has developed the Market Expectations Index for 360Value.

9/19/2023 - 5 min read

Peril events push reconstruction costs higher, widen liability risks

Verisk is analyzing the multi-faceted impacts from recent catastrophes, including Hurricane Idalia, Canadian and Hawaiian wildfires.

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Bridging the Underwriting Data Gap for Habitational Property Risks

CMS Releases New Section 111 Penalties FAQ Resource

Love Thy Frenemies: 3 Reasons an Interconnected Claims Network Benefits the Industry

Who Commits Insurance Fraud, Part 3: "Which Generation is Most Likely to Commit Fraud?

Introducing Recovery Reversal: Your Key to Regaining Control Over Medicare Conditional Payments

Vermont Department of Labor Delays Mandatory Start Date of Release

Automate to Accelerate: Keeping Pace With the Small Commercial Market

CMS to Hold Section 111 Webinar on November 13th – CMS to Discuss Expansion of TPOC reporting to include WCMSA information

Mild Reconstruction Cost Rise Signals Stabilizing Market

CMS’s Section 111 Penalties “Final Rule” Released – Breaking Down CMS’s Penalty Provisions and How They Impact Section 111 Reporting

An Award-Winning Effort Breaks New Ground in Medical Record Review

Understanding the Impacts of Climate Change on Record Heat in 2023

OIRA Issues New Notice Regarding Section 111 Civil Money Penalties - Notice Addresses the Proposed Rule’s Economic Impact Designation

The “Protecting Our Courts from Foreign Manipulation Act of 2023” is Introduced in Congress – Proposal Targets TPLF by Foreign Persons, Foreign States, and Foreign Sovereign Wealth Funds

Who commits insurance fraud What motivates insurance fraud?

Exploring a future look at reconstruction cost trends

Peril events push reconstruction costs higher, widen liability risks