LexisNexis News

Business News: LexisNexis, Gramercy Risk Holdings, Nationwide

LexisNexis Launches Global Alliance Program Focusing on Data Analytics LexisNexis Risk Solutions announced the launch of its LexisNexis Global Insurance Alliance program. Insurers can integrate with more than 125 alliance program members to access LexisNexis policy and claims solutions that …

How Texas Insurance Industry Can Manage Never-Ending Hail Problem

Texas has a hail problem. OK, from an insurance perspective, Texas has a weather problem, period, but that’s another story altogether. Back to hail. On June 6, a hailstorm walloped heavily populated areas of North Texas with baseball sized hail …

LexisNexis: U.S. Insurers Unprepared to Leverage IoT Data for Strategic Business Needs

While insurers in the U.S. recognize the impact the data will have on the industry, few currently have an IoT strategy, are collecting IoT data or have dedicated resources in place, according to a new LexisNexis Risk Solutions research. This …

Business News: LexisNexis, NCCI, Verisk

LexisNexis Introduces New Multi-language Telematics Capability Atlanta-based Lexis Nexis Risk Solutions now includes multi-language capability in its telematics platform. This development can improve speed to market in each territory while providing the benefits of a consistent platform across different geographical …

LexisNexis: The Future of Auto Claims is Touchless

Though some carriers continue to favor traditional claims processes, the demand for faster cycle times, reduced expenses and improved customer satisfaction is driving increased automation and an eventual migration from virtual to touchless claims, according to new automotive claims research …

Business News: Rising Tide Partners, LexisNexis, GEICO

Free Testing of New Training in Claims Communication and Negotiation Rising Tide Partners (formerly Insurance Learning Systems) announced an invitation to claims organizations to register their adjusters for complimentary seats at a beta release of The 360° Adjuster, its new …

Driving Usage Based Insurance Information to the Claims Process

While information derived from usage based insurance telematics hasn’t been fully utilized in the claims process, the benefits it can provide – consistency, efficiency and accuracy – offer a way to reduce claims costs according to David Lukens, LexisNexis director. …

The 3 Most Important Metrics for Measuring Performance and Managing Litigated Claims Costs

Metrics drives decision-making, according to 72 percent of insurance staff handling litigated claims that responded to a recent survey by LexisNexis. Survey respondents of the 94 U.S. property/casualty insurers ranged from staff counsel to vice president of claims and reported …

Study Reveals Early Case Review and E-Billing Top Cost Containment Programs

According to a recent LexisNexis/CounselLink survey of 86 property/casualty claims and law departments, controlling defense costs was the key initiative for 2015 and 2016. Respondents of the LexisNexis Property & Casualty Claims and Litigation Cost Containment Survey ranged from vice …

Insurers Could See 25% Decrease in Claims Severity by Utilizing Data Early

A recently released LexisNexis Risk Solutions’ study found that carriers that incorporate real time data analytics into the claims process at first notice of loss can more accurately and consistently triage claims, identify potentially fraudulent files and capitalize on subrogation …