At ISO, our customers have told us about the challenges they encounter in handling regulatory content — loss costs, rules, forms, statistical codes, and business edits. Insurers depend on ISO circulars to supply that information, and some find it difficult to update the rates and rules in their existing systems. The process of managing some [...]
Brian Sullivan, editor, publisher, and conference chairman, hosted another great Auto Insurance Report National Conference earlier this year in Southern California. Verisk Insurance Solutions was again a conference sponsor. Sullivan always welcomes speakers with topics that showcase emerging technologies, and this year was no exception. Richard Della Rocca, vice president, ISO Claims Solutions, spoke in [...]
In the past 15 years, more than 100 property/casualty insurance companies have either failed or merged into larger enterprises. The top ten insurance companies continue to grow, and the number of companies overall continues to decline. So how can the small insurer survive and grow? In a recently released Verisk Review article titled “Champions of [...]
Space may be the final frontier to anyone who’s a Star Trek fan — and I know you’re out there. But in the workers compensation arena, analytics is the next frontier. Though the topic isn’t new to the workers comp marketplace, there’s an important upward trend in using advanced analytics, as more and more companies [...]
What do state regulators think about telematics programs? Is there any concern about infringement of privacy? Those were just a couple of questions ISO experts Chris Sirota and Isaac Wash tackled in a recent live chat on insurance telematics. The live chat was a supplement to the popular web seminar Seven Million Miles Later: An [...]
If you listen to two respected individuals in a given field — even if you’re familiar with the field — you’ll probably get some new takes on the subject matter. At Verisk’s latest web seminar, the topic was Medicare Secondary Payer (MSP) requirements. Rob Lewis, president of Verisk’s Crowe Paradis Services Corporation, and John Giknis, [...]
On July 18, 2011, I published “Black Boxes: The Problems and the Promise.” At that time, the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) had issued a rule requiring all event data recorders (EDRs) installed in new cars after September 1, 2012, to capture data in the same way. The rule required [...]
Preparations are under way for the 2012 Premium Audit Advisory Service (PAAS®) Annual Forum. We look forward to seeing you June 10 to 13 at Disney’s BoardWalk Resort in Lake Buena Vista, Florida. You’ll join dozens of other decision makers and leaders in the premium audit function to address a range of topics of interest [...]
“Mean what you say, and say what you mean” was the concluding piece of advice ISO Assistant General Counsel John Halvorsen gave audience members in his session on reducing insurer liability from risk control inspections. The presentation was part of Mr. Halvorsen’s annual loss control law and regulation update at the E&S Loss Control Executive [...]
