Advanced driver assistance systems result in fewer claims and reduce insurers loss costs by up to 23%, according to a paper by LexisNexis Risk Solutions. John Kanet, director of auto insurance for LexisNexis, said the research shows ADAS has “a …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …