Personal Auto Underwriting

12/21/2017 - 5 min read

New design of 2017 Hess truck carries even better ISO Symbol than 2016 design!

A debatably fun conversation to have with a child who has received his or her popular Hess toy truck is how the total cost of vehicle ownership is far greater than the initial purchase price, and includes factors such as fuel, maintenance, and—most important to the conversation at hand—insurance coverage.

Verisk Solution Insights Riskanalyzer For Commercial Auto

11/29/2017 - 7 min read

The missing piece in commercial auto risk assessment: Vehicle characteristics

The sources of risk for a commercial auto policy can be largely broken down into three main categories: what vehicle is being driven, how and where is it driven, and who is driving. As an industry, we’ve made great advances in determining who is driving and in understanding how and where a vehicle is driven. But how are we addressing the question of what vehicle is being driven?

11/16/2017 - 1 min read

You’ve changed: Life events fuel premium leakage

Like any long-term relationship, the one between an insurer and a policyholder is bound to evolve as circumstances change. Events in the customer’s life—marriage, divorce, new job, relocation, or driving-age children—alter the risk. And that contributes to the $29 billion annual problem of premium leakage for auto insurers.

Insurtech And Disruption Verisk Risk And Analytics Conference

11/9/2017 - 2 min read

Three keys to success for insurers in the age of disruption

Our economy is in the midst of major disruption, with technology and pressure from insurtech startups changing almost everything we do and the way our customers behave.

11/1/2017 - 3 min read

Flood titles: In the wake of hurricanes

As Gulf Coast communities from Texas to the Florida Keys begin a years-long recovery from the onslaughts of hurricanes Harvey and Irma, another surge is on the way. This one is not rising water; it’s salvage vehicles that were totaled in the storms’ flooding and may be dumped back on the market by the thousands after being rebuilt—or just dried out.

10/25/2017 - 3 min read

From seed to smoke: Driving under the influence

The continuing Verisk series on emerging risk discusses some of the risks related to people using marijuana, including driving under the influence and employment-related concerns.

9/28/2017 - 3 min read

Mileage drives $5 billion in annual premium leakage

9/21/2017 - 5 min read

Notes from the AIR damage survey team in Florida

On September 16, an AIR damage survey team headed to southwest Florida to conduct damage surveys following Hurricane Irma’s second U.S. landfall on Marco Island.