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Claims

Paas Explorer
September 27, 2022

For insurers, a map to more accurate insurance classifications

Verisk's new PAAS Explorer can save insurers time and help prevent premium leakage.

Insurers And Inflation
September 13, 2022

For insurers, Q1 2022 brought underwriting gains, inflation concerns

While Q1 2022 brought underwriting gains for P/C insurers, inflation continued to create significant challenges for insurers.

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August 18, 2022

The U.S. Eleventh Circuit Court of Appeals applies a four-year statute of limitations to an MSP private cause of action claim – dismisses action as untimely

In an important new MSP decision, the U.S. Circuit Court of Appeals for the Eleventh Circuit in MSPA Claims 1, LLC v. Tower Hill Prime Insurance Co.

Back To The Future Blog
August 11, 2022

Are we headed back to the future?

Recent reports of inflated vehicle market values, exorbitant loan-to-value ratios

Filings Tools Article
August 10, 2022

How short-on-time insurers can keep accelerating program updates

Verisk's newly enhanced Filings tool is designed to make the most of an insurer's time.

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July 28, 2022

Getting a handle on rising claims litigation costs and frequency

Litigation continues to be a major contributor to rising claims costs, and the issue is only getting worse.

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July 12, 2022

Illinois enacts the “Consumer Legal Funding Act” -- new law regulates various aspects of third-party litigation funding practices

In a significant development on the TPLF front, on May 27, 2022, Illinois Governor J.B. Pritzker (D) signed into law the Consumer Legal Funding Act.

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July 12, 2022

Delaware’s State Senate passes concurrent resolution encouraging the Delaware Judiciary to study possible third-party litigation funding (TPLF) disclosure rules

In an interesting development to watch, on June 28, 2022, the Delaware State Senate passed Delaware Senate Concurrent Resolution No. 127.

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June 30, 2022

Claims commitment: Empowering insurers on the innovation journey

The insurance industry has experienced tremendous change in the past few years.

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June 24, 2022

The RAMP Act is introduced in Congress – proposed bill aims to repeal Medicare’s private cause of action (“double damages”) statute

In a major MSP compliance development, the RAMP Act was introduced into the United States House of Representatives on June 14th.

Big Earthquake
June 3, 2022

Are property owners and insurers ready for the next big earthquake?

The big question facing many insurers and policyholders is: Are we equipped for these rare-but-devastating disasters?

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May 31, 2022

New ways of accessing policy information speeds claim settlements

Claim handlers spend a lot of time on the phone trying to get third-party policy information for subrogation purposes or to validate coverage.

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May 23, 2022

Why injury analytics aren’t just for soft-tissue claims

Rising injury claim severity is presenting insurers with significant challenges. Not only are these claims more costly, but they’re often more complex.

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May 23, 2022

COVID-19 and Workers’ Compensation in 2022: Legislative Update and Clearing Presumption of Coverage Hurdles

After two years, COVID-19 continues to impact workers’ compensation claims. In previous entries, we provided a broad look at the industry.

Lifecycle Property
May 16, 2022

How can changes in home ownership and occupancy create hidden risks?

Knowing a property's history, including changes in ownership and occupancy, is essential to paint a vivid picture of a property's condition.

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