Forecasts indicate that claims executives will likely hire plenty of adjusters this year. That hiring will require a considerable investment in formal and on-the-job training. The longer it takes, of course, the more it costs. Inexperienced adjusters — or even seasoned adjusters who don’t have experience with a new employer’s claim-handling policies — can miss [...]
Auto insurance
Claims adjusters need to make claimants whole. They also need to reach a closure rate of 100 percent and still find cases of comparative liability. The balancing act can be difficult. Watch this video to learn how the ISO Claims Outcome Advisor® platform can help adjusters use technology to handle claims consistently, apply their experience [...]
Because it’s Cinco de Mayo, we’ve decided to post our five most popular Verisk Insurance Solutions blogs. So, here’s the list of the five blog posts that currently have the most page visitors. Ready? Drum roll, please . . . 5. Technically Speaking: Frequency/Severity Models or Loss Cost Models? 4. Cross-Selling Auto and Homeowners [...]
Property/casualty insurers have long been engaged in a fierce battle for market share across all lines of insurance — from personal and commercial auto and property policies to workers compensation and general liability, to name a few. The evolution of technology, especially in the area of predictive analytics, has only heightened the battle for a [...]
This year, the Alabama Department of Revenue launched the state’s online insurance verification system (OIVS). Law enforcement will use the online system to confirm drivers’ liability coverage. CV-ALIR continues to work with the state to populate its vehicle registration database with participating insurers’ books of business. No additional action is required of any current Coverage [...]
Claims adjusters have spent the past month working through the damage from Superstorm Sandy, which made landfall in New Jersey. In some areas — specifically, those hit hardest — claims professionals have only recently gained access in order to evaluate losses. The numbers are coming in, however, providing the insurance industry a greater sense of [...]
