The 2013 wildfire season in the western United States is looking to be a difficult one, fueled by a combination of factors, including a drier-than-normal preceding winter, generally drier vegetative fuels, and warmer current conditions. In addition, projections of higher temperatures and lower-than-normal precipitation this summer raise the prospects of what could become an intense [...]
underwriting
Claims for stolen heavy equipment are expensive, and the odds of recovery are, to say the least, uncertain. In many cases, your clients could change those odds significantly. A combination of theft prevention measures and recovery tools could take a big bite out of the billion dollars of heavy equipment theft occurring every year. The [...]
Supply chain risks are having a profound effect and becoming more costly, according to a report by Deloitte, The Ripple Effect: How Manufacturing and Retail Executives View the Growing Challenge of Supply Chain Risk. Among the many factors that transportation and logistics companies face, cargo theft is both common and preventable. In Deloitte’s survey of [...]
Mississippi’s state legislature voted to create the state’s new web-based motor vehicle insurance verification system. The system will allow the Mississippi Department of Public Safety, the Mississippi Commissioner of Insurance, and the Mississippi Department of Revenue to electronically verify a motor vehicle’s insurance status. The state approved the system when it passed Senate Bill 2631 [...]
In the war on fraud, the bad news just keeps coming. In a new study published by Aite Group, total fraud losses for the property/casualty insurance industry are estimated at an eye-popping $64 billion. There’s more: The study predicts that fraud losses will climb to $80 billion by 2015. Of the $64 billion total for [...]
Starting this July, Utah will use its Online Insurance Verification System (OIVS) to electronically verify evidence of coverage with insurance companies. The Utah Legislature created the state’s OIVS when it passed Senate Bill 244 last year. No action will be required by CV-ALIR® customers currently reporting to Utah. Learn more about CV-ALIR. >>
