The Department of Justice (DOJ) has begun auditing insurer National Motor Vehicle Title Information System (NMVTIS) reporting. Failure to comply with reporting requirements can result in a $1,000 fine for each unreported vehicle identification number (VIN). You don’t need to take that risk. If your company is an ISO ClaimSearch® auto participant, you can report [...]
risk control
Do you rely on manual processes for subrogation? They can be time-consuming and may result in missed opportunities. The time and labor involved in subrogation has a tangible cost. The good news is you can handle many of those subrogation processes easily with the use of technology that streamlines workflow and organizes details. The results [...]
Imagine a scenario where a driver runs a stop sign and hits Mary Smith’s midsize sedan. Mary’s insurer pays for her vehicle’s damages minus her deductible — which, hoping to save on insurance costs, Mary increased to $1,000 when she renewed her policy. Four months after the accident, Mary’s insurer still has not recovered her [...]
What are your fraud prevention and detection investment priorities? Are you keeping up to date? Always important questions, of course, they now come in the context of increased suspicious claims activity (according to the National Insurance Crime Bureau), greater organized fraud sophistication, and a wave of emerging technologies that can help special investigations units (SIU) [...]
Is your claimant or person of interest in bankruptcy? Are there outstanding liens against him or her? Claims and SIU professionals need as many insights as possible when evaluating a claim, including background information on the claimant — and other parties to the claim. Information from bankruptcy, liens, judgments, and foreclosure filings can drastically help [...]
On March 26, we held our first ISO ClaimSearch User Meeting of the year. Our newly designed User Meeting included practical information to help claims and SIU professionals use the ISO ClaimSearch system in their day-to-day workflow. Attendees were very pleased with the meeting and really liked the new format. We redesigned the agenda to [...]
