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 [...]
Verisk Insurance Solutions
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 [...]
Issuance of insurance-linked securities is growing rapidly. A recent Artemis report put the total outstanding at more than $40 billion. At $5.9 billion, last year was the second most active for catastrophe bond issuance. And third-party capital has become a greater force in the reinsurance industry. So what happens next? To find out, join me [...]
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 [...]
