Media Coverage

The security of Europe's energy supplies is looking shakier by the day. Just 24 hours after Ukraine reduced the flow of natural gas across its territory into Europe, blaming interference by Russian troops, Gazprom suspended supplies through the Yamal-Europe pipeline running across Poland, and stopped sending gas to a distributor in Germany.

Insurers can now aim to reduce the inefficiencies and challenges involved in settling total-loss vehicle claims with Lien Check, a new solution from Verisk. The tool automatically provides claim handlers with critical lender data points to streamline the total-loss process.

Rising fuel and food prices look set to stoke an "inevitable" rise in civil unrest, with developing middle-income countries such as Brazil or Egypt particularly at risk, a report by a risk consultancy said.

By reducing "noise" in data gathering and analysis, insurers can offer a more streamlined application process and more reliable quotes in small commercial policies, says an underwriting expert at Verisk.

Europe has finally proposed a ban on Russian oil, but has again stopped short of using its most potent weapon — sanctioning Russia's natural gas. On Wednesday, the European Commission put forward a sixth package of sanctions against Russia over the war in Ukraine, which includes a plan to phase out all crude and oil products by the end of the year.

Jersey City-based Verisk announced it named Bruce Hansen as chairperson of the board of directors, effective Thursday. Hansen will succeed Scott Stephenson who, as previously announced, will retire from the company following Verisk’s 2022 annual meeting of shareholders.

Data-rich workers compensation records are a fertile field for analytics that can direct claims to adjusters and others best-suited to manage them, help identify qualified doctors and attorneys, and provide other insights.

Sophisticated analytics are making up for some of the talent drain in the claims management profession. Experienced adjusters were leaving their positions even before the COVID-19 pandemic, a trend that has accelerated as claims professionals — like many in other occupations — have decided to make career changes, said Adam Wesson, Reading, Massachusetts-based director of claims solutions at Verisk Analytics Inc.’s ISO Claims Partners. 

Efforts by the West to reduce reliance on Russian energy have sent demand for natural gas from other countries soaring along with price. But some U.S. producers don’t seem to be taking full advantage of this opportunity.

U.S. oil production is on the rise — but it may not have the immediate impact on gas prices that both Democrats and Republicans want. 

Very often it’s only when you get the chance to look back at the steps that led you to where you stand that the pattern shows. When you’re treading that path, it can be difficult to see the natural through-line of every decision, noted incoming Verisk CEO Lee Shavel - but looking back the logic becomes clear.  

Last Friday we welcomed more than 200 attendees to our fifth insurance-linked securities (ILS) conference held in New York City and our first in-person event since the pandemic.

On Tuesday, the Detroit carmaker celebrates the formal start to production of the electric version of the F-150 pickup, the best-selling vehicle in America for decades.

Business Insurance on Wednesday announced the 40 winners of its 2022 Break Out Awards. The awards program recognizes the next generation of insurance industry leaders. 

He will be retiring at the shareholders meeting of the Jersey City-based company at the end of May – and will do so as the visionary leading of one of the foremost data analytics companies in the world.