Auto Fraud

A Verisk analysis finds that motor vehicle report (MVR) fees have increased an average of almost 50 percent during the past ten years and discusses ways to save.

Verisk’s iiX will pilot the Texas Driver Record Monitoring Service (DRMS) to enable insurers to monitor the driving records for adverse activity.

Case study: Validating coverage for undisclosed drivers stems premium leakage

Louisiana House Bill 638 imposes maximum fine of $525 for failure to pay or resolve notice of noncompliance with state's compulsory insurance law.

Enhanced underwriting practices required in response to emerging technology trends, tight competition, fraud risk.

Verisk GarageConfirm leverages more than 4 billion records in license plate database to help insurers identify and combat garaging fraud.

The New York Department of Motor Vehicles has interpreted state law as prohibiting the sale of New York vehicle registration information to insurers.

Infographic: Innovations in prefill technology can affect commercial auto insurance operations in statistically significant and profitable ways.

Getting mileage information right is a competitive necessity for auto insurers. New tools make it possible.

Verisk analysis shows how to improve and reduce the cost of the customer acquisition process, for both the consumer and the insurer.

Infographic: Life events that affect auto underwriting risk can change anytime.

Prevent fraud; ensure a more complete, accurate application; and identify high-quality insurance applicants early in the quote phase.

Policyholder driving violation information is an important part of auto underwriting, but the high expense requires insurers to think outside the box.

By collecting and using data from multiple sources, insurers can segment risks to develop profitable, competitive insurance policies.

Industry estimates put total auto insurance losses due to fraud and rate evasion between $12 billion and $24 billion annually.