Compliance

12/12/2019 - 2 min read

Spend less time on regulatory updates, more time pursuing profitable growth

Insurers that process regulatory changes manually could dramatically reduce costs by using ISO Electronic Rating Content.

11/21/2019 - 3 min read

Release of CMS’s Section 111 penalty proposals delayed again – pushed back to December

OIRA announced CMS’s expected release of its Notice of Proposed Rulemaking proposals for Section 111 civil money penalties has been pushed to December 2019.

11/20/2019 - 3 min read

Automating regulatory updates can mitigate a key risk for many insurers

ISO ERC allows insurers to ingest ISO rating content electronically through XML, simplifying maintenance and update while giving flexibility to use own systems.

9/13/2019 - 2 min read

Pursuing peace and quiet in third-party notifications

Lienholder and additional interest notifications, returned mail, producer notifications, and escrow invoices can move faster if insurers have the right tools.

9/6/2019 - 4 min read

Data literacy is everyone’s responsibility

Data literacy has become one of the most valuable skill sets for today’s innovative employee.

8/26/2019 - 2 min read

Report highlights benefits of ISO Electronic Rating Content

Recent research conducted by Celent shows insurers that use Verisk’s ISO Electronic Rating Content are more likely to be current and spend less time processing changes.

7/1/2019 - 4 min read

ALIR: Maximizing the basics could bring unexpected benefits

Auto liability insurance reporting (ALIR) requirements help regulators in many states to match coverage to vehicles, but they’re a heavy burden on insurers.

6/27/2019 - 4 min read

Think about your thresholds: Preventing errors to avoid CMS penalties

One way responsible reporting entities can attempt to achieve full CMS compliance and avoid potential penalties is to closely consider file thresholds.

6/14/2019 - 6 min read

Avoiding penalty problems by ensuring data accuracy

With CMS (Centers for Medicare and Medicaid Services) penalties on the horizon, we’ve been exploring how RREs (Responsible Reporting Entities) can be proactive in avoiding fines.

6/11/2019 - 4 min read

Data-driven insurers make better innovators

In the fast-paced and highly competitive insurance marketplace, innovation is vital to an insurer's success.

Campaign Creators Pypeceajezy Unsplash 1

5/31/2019 - 4 min read

To avoid CMS penalty exposure time is of the essence

The timely reporting of ORM and TPOC data to CMS is of key importance to insurers, especially now enforcement of noncompliance penalties is on the horizon.

5/16/2019 - 8 min read

Reality check: Debunking the myths of Medicare Secondary Payer compliance

MSP is a challenging area of compliance for which federal law, regulations, and policy don’t always provide clear answers. It’s vital to understand fact vs fiction.

5/3/2019 - 4 min read

ADA Web Suits Nearly Tripled Last Year

4/24/2019 - 7 min read

Longshore Act - Medicare alert: Court rules that claimant’s action for “double damages” was premature

Claims payers pursuant to the Longshore Act need to stay vigilant for potential double damages actions under the MSP statute’s private cause of action provision

3/21/2019 - 4 min read

Maryland law firm reaches $250,000 settlement with U.S. Department of Justice to reimburse Medicare conditional payments

A Maryland personal injury law firm settled for $250,000 with the U.S. to resolve allegations it failed to reimburse certain Medicare payments made to medical providers on behalf of a firm client.